ASAHI KASEI CORPORATION [3407.T]
TOKYO, May 12 (Pulse News Wire) – Asahi Kasei Corporation (3407.T) decided to end production of certain chemical products at its Mikage Plant by 2030 as part of industry restructuring efforts. The company plans to cease production of styrene monomer by 2030 and reduce production lines for acrylonitrile and polyurethane polyol while maintaining sales of low-density polyethylene (LDPE) and high-density polyethylene (HDPE).
The measures aim to improve supply chain resilience and contribute to carbon neutrality goals. In addition, the company agreed to proceed with discussions on the investment ratios for a joint venture aimed at greening and optimizing production facilities in western Japan, with Mitsubishi Chemical holding a 33%, Mitsui Chemicals holding a 33%, and Asahi Kasei holding a 34% stake.
The joint effort seeks to enhance competitiveness and build sustainable business foundations through collaboration among the three companies. Asahi Kasei also outlined progress toward structural reforms within its materials sector, aiming to achieve approximately 70% of the mid-term plan's targeted structural changes.
The company continues to explore further transformations primarily centered around its chemical business, including divestitures and partnerships with other firms.
🟢 Confidence: High AI-translated content.