Asahi Kasei Advance and Teijin Frontier to Integrate Businesses for Sustainable Growth
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
NASDAQ:AMEX Investor Relations:
asahi-kasei.co.jp/asahi/en/ir
Company Research
Source: Business Wire
TOKYO--(BUSINESS WIRE)--Asahi Kasei has announced that Asahi Kasei and Teijin Limited (“Teijin”) have entered into an agreement today to implement an absorption-type merger between Asahi Kasei Advance Corp. (“Asahi Kasei Advance”), a wholly owned subsidiary of Asahi Kasei, and Teijin Frontier Co., Ltd. (“Teijin Frontier”), a wholly owned subsidiary of Teijin, whereby Teijin Frontier will serve as the surviving company and become a joint venture between Asahi Kasei (20%) and Teijin (80%), effective October 1, 2026.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251201366572/en/Progress of Asahi Kasei's business portfolio transformation.Asahi Kasei Advance was established in 2015 as a trading company primarily handling products from the Asahi Kasei Group, such as fibers, chemical products, and construction materials. Considering sustained business expansion, it was determined that operation of the business under Teijin Fro
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News
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- Asahi Kasei Strengthens Long-Term Profitability by Phasing Out HMD Production as Part of Structural ReformBusiness Wire
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- SENSIL® by NILIT and ROICA™ by Asahi Kasei Collaborate to Reduce Apparel's Footprint [Yahoo! Finance]Yahoo! Finance
- Asahi Kasei (TSE:3407): Taking a Closer Look at Valuation and Long-Term Potential [Yahoo! Finance]Yahoo! Finance