Asahi Kasei/Mitsui Chemicals
(Source: Asahi Kasei)
A final agreement regarding the transfer of business related to the development, manufacture, and sale of spunbond nonwovens products to a newly established joint venture (JV) company has been approved by Asahi Kasei’s Board of Directors. The new company will be a joint incorporation-type company separation with Mitsui Chemicals with an Effective Date scheduled for October 2, 2023.
Mitsui Chemicals, Inc., Tokyo/Japan, is also scheduled to transfer its business related to the development, manufacture, and sale of spunbond and other nonwovens products to the new JV company.
Asahi Kasei Corp., Tokyo, began the manufacture and sale of spunbond nonwovens in 1973, and currently operates the business internationally. The company has developed many original products that are used by customers in a wide range of applications in sanitary, industrial, and consumer material fields. Proactive overseas expansion includes the establishment of a manufacturing and sales base in Thailand in 2012.
Mitsui Chemicals also performs the development, manufacture, and sale of spunbond products around the world. Since it began manufacturing and selling spunbond fabrics in 1971, the company with integrated development and manufacturing from upstream raw materials has developed spunbond products for sanitary applications, oil absorption in industrial fields, automotive interiors, civil engineering, filters, etc. Proactive overseas expansion includes the establishment of a manufacturing and sales base in Thailand in 2001.
With increasing demand for spunbond nonwovens around the world, Asahi Kasei and Mitsui Chemicals have each pursued independent business strategies and advanced various measures to expand business by increasing production capacity and developing new products while improving quality and streamlining operations.
No changes are currently scheduled to the company name, location, name and position of representative, business field, paid-in capital, or fiscal year end of either Asahi Kasei or Mitsui Chemicals after the separation.
The new company to succeed operations through the separation, Mitsui Chemicals Asahi Life Materials Co., Ltd., Tokyo, will become an equity-method affiliate of Asahi Kasei.
Mitsui Chemicals, Inc., Tokyo/Japan, is also scheduled to transfer its business related to the development, manufacture, and sale of spunbond and other nonwovens products to the new JV company.
Asahi Kasei Corp., Tokyo, began the manufacture and sale of spunbond nonwovens in 1973, and currently operates the business internationally. The company has developed many original products that are used by customers in a wide range of applications in sanitary, industrial, and consumer material fields. Proactive overseas expansion includes the establishment of a manufacturing and sales base in Thailand in 2012.
Mitsui Chemicals also performs the development, manufacture, and sale of spunbond products around the world. Since it began manufacturing and selling spunbond fabrics in 1971, the company with integrated development and manufacturing from upstream raw materials has developed spunbond products for sanitary applications, oil absorption in industrial fields, automotive interiors, civil engineering, filters, etc. Proactive overseas expansion includes the establishment of a manufacturing and sales base in Thailand in 2001.
With increasing demand for spunbond nonwovens around the world, Asahi Kasei and Mitsui Chemicals have each pursued independent business strategies and advanced various measures to expand business by increasing production capacity and developing new products while improving quality and streamlining operations.
No changes are currently scheduled to the company name, location, name and position of representative, business field, paid-in capital, or fiscal year end of either Asahi Kasei or Mitsui Chemicals after the separation.
The new company to succeed operations through the separation, Mitsui Chemicals Asahi Life Materials Co., Ltd., Tokyo, will become an equity-method affiliate of Asahi Kasei.
