Asahi Kasei

Last updated
Asahi Kasei Corporation
Native name
旭化成株式会社
Romanized name
Asahi Kasei kabushiki gaisha
Type Public KK
TYO: 3407
TOPIX Large 70 Component
TOPIX 100 Component
Nikkei 225 Component
Industry Chemical industry
FoundedMay 21, 1931;90 years ago (1931-05-21)
HeadquartersHibiya Mitsui Tower, 1-1-2Yurakucho, Chiyoda, Tokyo 100-0006 Japan
Key people
Hideki Kobori
(President)
Products
RevenueIncrease2.svg $ 18.5 billion (FY 2014) (¥ 1,897 billion) (FY 2014)
Increase2.svg $ 989.7 million (FY 2014) (¥ 101.29 billion) (FY 2014)
Number of employees
34,670 (consolidated, as of March 31, 2018)
Website Official website
Footnotes /references
[1] [2]

Asahi Kasei Corporation (旭化成株式会社, Asahi Kasei Kabushiki-gaisha, styled as AsahiKASEI) is a multinational Japanese chemical company. Its main products are chemicals and materials science.

Contents

It was founded in May 1931, using the paid in capital of Nobeoka Ammonia Fiber Co., Ltd, a Nobeoka, Miyazaki based producer of ammonia, nitric acid, and other chemicals. Now headquartered in Tokyo, with offices and plants across Japan, as well as China, Singapore, Thailand, U.S.A. and Germany.

The company is listed on the first section of Tokyo Stock Exchange and is a constituent of the TOPIX 100 [3] and Nikkei 225 [4] stock market indices.

History

The company Asahi Kasei began in the year 1931 with the production of chemicals that included ammonia and nitric acids. In 1949, exchanges between stocks started up between Tokyo, Osaka, and Nagoya. Asahi Kasei entered into a joint petrochemical venture with Dow Chemical. A production of Polystyrene and Saran Wrap began in 1952. Diversification into acrylonitrile, construction materials, petrochemicals, glass fabrics, ethylene, housing, medical devices, electronics, engineered resins, semiconductors, pharmaceuticals and liquors began in the 1960s and 1990s. Net sales exceeded $10 billion globally in the years 2000–2003. Finally, in the years 2008–2009, there was further diversification into medical devices. In 2018, Asahi Kasei acquired Sage Automotive Interiors. [5]

Statistics

The company makes about 18 billion dollars globally in annual net sales. Their core operating segments include:

Locations

They currently employ 40,689 people [6] and have a total of 54 manufacturing facilities found in different areas all over the world. Some of these places include North America, Europe, South Asia, East Asia, and Japan.

Their operations in North America are located in Alabama, Illinois, Michigan, New York, New Jersey, Massachusetts, and Mexico. In Europe it has sites in Brussels and Milan. The sites in Japan are located in Tokyo, Kawasaki, Nobeoka, and Mizushima. The sites in South and East Asia operate in India, Suzhou, Shanghai, Thailand, and Singapore.

Business segments and products

The main operations of the company are divided into the following four business sectors: [7]

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References

  1. "Corporate Profile" . Retrieved August 6, 2014.
  2. "Asahi Kasei Financial Statements". Bloomberg Businessweek. Archived from the original on August 11, 2014. Retrieved August 6, 2014.
  3. "TOPIX Large70 Components" (PDF). Japan Exchange Group. Archived from the original (PDF) on October 13, 2013. Retrieved August 6, 2014.
  4. "Components:Nikkei Stock Average". Nikkei Inc. Retrieved August 6, 2014.
  5. "Asahi Kasei to acquire Sage Automotive Interiors | Press Releases | Asahi Kasei". Asahi Kasei Corporation. Retrieved 2019-06-07.
  6. "Corporate Profile". Retrieved April 12, 2021
  7. "Asahi Kasei products" . Retrieved August 6, 2014.