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Mitsui Chemicals and Asahi Kasei plan to merge their nonwovens businesses into a new company, Mitsui Chemicals Asahi Life Materials Co., headquartered in Tokyo. Mitsui will hold slightly over 60% of the shares. The merger is expected to take effect on October 2, 2023, pending regulatory approvals in Japan and Thailand.
“三井化学(Mitsui Chemicals)和旭化成(Asahi Kasei)表示,两家公司暂定将于2023年10月2日成立一家新的公司,将非织造布业务合并在一起。”chemnews.com.cn
Summarized from public sources; check the original articles before acting on it.