Mitsui Chemicals and Asahi Kasei to establish joint venture for nonwovens business

Mitsui Chemicals and Asahi Kasei will establish a new company, M.A Life Materials, through a joint incorporation-type split, to take over their nonwovens businesses in Japan and Thailand. The company will have a capital of 500 million yen, with Mitsui Chemicals holding 60.62% and Asahi Kasei 39.38%, and is scheduled to be established on October 2, 2023.

“三井化学（橋本修社長）は、旭化成と共同新設分割により新会社を設立し、両社の国内とタイでの不織布事業を承継させる。”mitsuipr.com

• 2 sources
• mitsuipr.com不織布事業で共同新設分割 | 三井広報委員会Mar 2, 2023
• quiminet.comMitsui Chemicals y Asahi Kasei se unen para formar nueva empresa de no tejidos | QuimiNetQuimiNet.com, Marketizer.com, eIndustria.comMar 3, 2023

Summarized from public sources; check the original articles before acting on it.