# Asahi Kasei invests in NFW for artificial leather

Asahi Kasei decided to invest in U.S.-based startup NFW, a producer of non-petroleum-based leather alternative MIRUM for car interiors. The partnership aims to develop and manufacture sustainable materials for automotive OEMs.

- Type: Investment
- Announced: 2023-10-25
- Where: Peoria, Illinois, United States
- Status: announced
- Products: MIRUM leather alternative
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Asahi Kasei](https://endata.com/companies/8888.md) (investor)
- [Sage Automotive Interiors](https://endata.com/companies/33216.md) (partner)
- [NFW](https://endata.com/companies/73249.md) (partner)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/asahi-kasei-invests-in-artificial-leather-producer/), 2023-10-25: "The cooperation with NFW will enable Asahi Kasei and Sage to assist global automakers in reducing the environmental burden of their cars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.