Mitsui Chemicals Asahi Life Materials Co., Ltd.

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%.

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.