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Mitsui Chemicals and Asahi Kasei established M.A. Life Materials on October 2, 2023, by integrating their nonwoven fabric businesses. The new company plans to integrate production bases in Thailand by 2025-2026 and domestic systems by around 2027, targeting revenue of 100 billion yen by around 2030.
Mitsui Chemicals and Asahi Kasei established M.A. Life Materials Co., Ltd. (MAL) on October 2, 2023, to combine their nonwovens businesses, with Mitsui holding 60.62% and Asahi 39.38%.