# Mitsui Chemicals and Asahi Kasei form joint venture for spunbond nonwovens

In October 2023, Mitsui Chemicals and Asahi Kasei formed a joint venture, Mitsui Chemicals Asahi Life Materials, integrating their spunbonded nonwovens businesses. Sales estimated at $370 million annually.

- Type: Acquisition
- Announced: 2023-10-01
- Where: Mie, Aichi, and Moriyama, Japan, Japan
- Value: $370.0M
- Status: completed
- Products: spunbonded nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Mitsui Chemicals](https://endata.com/companies/19809.md)
- [Asahi Kasei](https://endata.com/companies/8888.md) (partner)
- [Mitsui Chemicals](https://endata.com/companies/19809.md) (partner)
- [Mitsui Chemicals Asahi Life Materials Co., Ltd.](https://endata.com/companies/72990.md) (target)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/reorganization-of-the-nonwovens-industry-in-japan/), 2024-04-04: "In October 2023, Mitsui Chemicals and Asahi Kasei formed a joint venture, Mitsui Chemicals Asahi Life Materials, and their spunbonded nonwovens businesses were integrated into the joint venture."
- [myxili.com](https://www.myxili.com/news/reorganization-of-the-nonwovens-industry-in-japan), 2024-04-07: "In October 2023, Mitsui Chemicals and Asahi Kasei formed a joint venture, Mitsui Chemicals Asahi Life Materials, and their spunbonded nonwovens businesses were integrated into the joint venture."

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