NEW YORK & TOKYO & DÜSSELDORF, Germany--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, and Kurashiki City today concluded an agreement to hold a trial to evaluate and demonstrate the performance of a biogas purification system (the System) at a sewage treatment plant in the city. Earlier in the day, the Mizushima Works of Asahi Kasei’s Production Center and Kurashiki City concluded a comprehensive partnership agreement for the realization of carbon neutrality in society. Advancing the demonstration trial for decarbonization is one of the provisions of the partners...
NEW YORK & DÜSSELDORF, Germany & TOKYO--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, is celebrating the 100th anniversary of its establishment on May 25, 1922. In unison, the organization announces the release of a next generation concept car, AKXY2™ (pronounced “ax-ee”), that reimagines how values for sustainability, satisfaction and society will influence the needs of future mobility on the road to automation and electrification in a changing society. The concept car is equipped with value-adding technologies that exemplify how Asahi Kasei’s 100 years of colle...
NEW YORK & TOKYO--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, has developed a system (the System1) to calculate the carbon footprint of products (CFP2) for the synthetic rubber and elastomers products Asadene™, Tufdene™, Asaprene™, Tufprene™, Asaflex™, Tuftec™, and S.O.E.™ with CFP data provision to customers scheduled to begin in June 2022. CFP visualization is achieved utilizing the DEEP3 (Data Exploration and Exchange Pipeline) group-wide management infrastructure as a part of the System, which also enables examination of ways to further reduce CFP. This pre...
NEW YORK & TOKYO--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, has established a platform (the Platform) jointly with NTT DATA Corp. to grasp the amount of GHG emissions and calculate the carbon footprint of products (CFP)* for each grade of performance plastics used as molding material for automotive parts, consumer electronics, etc. The applicable performance plastic products are Leona™, Tenac™, Tenac-C™, Xyron™, and Thermylene®. Use of the Platform began in April 2022, and CFP data provision to customers will begin in May 2022. The Asahi Kasei Group made eff...
NEW YORK & DÜSSELDORF, Germany--(BUSINESS WIRE)-- In November 2021 Asahi Kasei, a diversified Japanese multinational company, conducted its third "Automotive Interior Survey" together with Cologne, Germany-based market research institute SKOPOS in the four major automotive markets: the USA, Germany, China and Japan. 1,000 car users of varying income levels in each market responded to questions regarding their car purchasing behavior, understanding of automotive sustainability and preferences for the automotive interior. This survey supports the importance of Asahi Kasei’s Healthy Car Portfolio...
The Japanese stock market is in an interesting phase where the Bank of Japan is supporting the bond market rather than the stock market. While this phase lasts, the dollar should remain above ¥120/$ and perhaps strengthen further against the yen. This report looks at what this phase might mean for the Japanese stock market as a whole, and for stock selection. The PSA Focus List has also been updated.
NEW YORK & NOVI, Mich.--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, will be showcasing their AKXY Pod future automotive interior prototype for the last time ever at the SAE World Congress Experience (WCX) trade show this upcoming April. In addition, Crystal IS, an Asahi Kasei Group company, will be presenting the results of a new study with their Klaran® UVC LEDs that showcase the technology’s ability to keep the automotive cabin clean from a wide variety of pathogens on April 5th, 2022. As the COVID-19 pandemic continues and new variants emerging, keeping aut...
NEW YORK & TOKYO--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, has formed a strategic partnership with Genomatica, Inc., regarding hexamethylenediamine (HMD) based on biomass-derived raw material (bio-HMD). Asahi Kasei currently uses fossil fuel–derived HMD as an intermediate to manufacture Leona™ polyamide 661,2 (also called nylon 66), an engineering plastic featuring outstanding heat resistance and rigidity. Polyamide 66 is used for plastic parts in automotive and electronics applications, as well as yarn for airbag fabric. Demand for polyamide 66 is expected...
NEW YORK--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, announces that on October 21, 2021, Tongsuh Petrochemical Corp., Ltd. (TSPC), a wholly owned subsidiary in South Korea, acquired the widely recognized international certification ISCC PLUS1 for its acrylonitrile (AN) as a sustainable product, and production of AN using biomass propylene is scheduled to begin in February 2022. This press release features multimedia. View the full release here: In order to achieve carbon neutrality by 2050, the Asahi Kasei Group will continue efforts to further reduce CO₂ emis...
NEW YORK--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, is gathering its industry experts and thought leaders from around the world for CES 2022 in January, when their prototype vehicle interior of the future, AKXY POD, will make its debut for the first time outside of Japan. Packed with proprietary innovations, this prototype will allow visitors to experience the comfort, clean technology, and safety in the vehicles of tomorrow as well as illustrate how automobiles will fully evolve into our third living space. In addition, we will be providing a glimpse into in...
NEW YORK--(BUSINESS WIRE)-- Forecast expectations for increased global market demand in the excipients industry were confirmed at CPhI this past November where Asahi Kasei, a diversified Japanese multinational company, was met with warm reception for Ceolus™, their ultra-compactible and high-performance microcrystalline cellulose (MCC) excipient. Primarily used in pharmaceuticals as a tablet binder, demand for such excipients has been projected to increase by 5.3% up to US $5.7 billion between 2021 and 2026*1. In addition, the United States and Europe are seeing increased attention for special...
Japan's and Toyota's electrification efforts seem to develop in parallel: the Japanese government is increasingly committing to the creation of a domestic BEV market, and Toyota significantly raised its BEV sales target for 2030. Accordingly, we expect to see strong growth in Japanese BEV sales and a more prominent position for Toyota among global players.
NEW YORK--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, is celebrating the 90th anniversary of its Bemberg™ cupro fiber business in 2021 and launching a rebranding to mark the occasion. This press release features multimedia. View the full release here: Bemberg™ is the brand name of the world’s only cupro fiber and is manufactured by Asahi Kasei in Nobeoka, Miyazaki Prefecture, Japan. This ultra-smooth fabric has functional properties of moisture absorption/release, so it keeps the wearer dry and cool. It is used around the world in linings, ethnic garments, oute...
TOKYO--(BUSINESS WIRE)-- Asahi Kasei is celebrating the 90th anniversary of its Bemberg™ cupro fiber business in 2021, and launching a rebranding to mark the occasion. This press release features multimedia. View the full release here: The new Bemberg™ website (Photo: Business Wire) 90th Anniversary Overview of Bemberg™ cupro fiber Bemberg™ is the brand name of the world’s only cupro fiber, which is manufactured by Asahi Kasei in Nobeoka, Miyazaki Prefecture, Japan. With its beautiful luster and smooth silky texture together with functional properties of moisture absorption/release and feelin...
NEW YORK--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, concluded an agreement with Shell Eastern Petroleum (Pte) Ltd. (hereinafter “Shell”) on November 23, 2021, regarding the supply of butadiene derived from plastic waste and biomass (hereinafter “sustainable butadiene”). The signing ceremony was held at the “Creating the Plastic Circular Economy in Singapore: Journey from Vision to Reality” event on Bukom Island, Singapore. Asahi Kasei plans to begin producing and marketing sustainable solution-polymerized styrene-butadiene rubber (S-SBR) using the sustainable...
The general evaluation of ASAHI KASEI (JP), a company active in the Commodity Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 28, 2021, the closing price ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
NEW YORK--(BUSINESS WIRE)-- Asahi Kasei, a diversified Japanese multinational company, announces the launch of Bemliese™, its proprietary ultra-sustainable continuous-filament cellulosic nonwoven fabric, in North America via its trading arm in the US, Asahi Kasei Advance America. As the need for sustainable resources to reduce the overall carbon footprint in the product lifecycle grows greater throughout the world, Bemliese™ will resonate with organizations seeking to bolster CSR initiatives through its organic, fast-acting biodegradable and compostable material that can be utilized for a dive...
Pelham Smithers presents his strategy for Q3 2021 and the changes to PSA's stock Focus List Table of Contents Overview 3 Background 4 Valuations & Value 5 The Case for “Muddle Through” 6 Consumer Spending 7 The Labour Market 7 The Currency and the Carry Trade 8 The BoJ and Policy 9 Japan’s Stuttering Economy 10 Stock Performance and Earnings Expectations 12 Catalysts: Digital Transformation, Semiconductors, Price Hikes ...
GREEN ISLAND, N.Y. & TOKYO--(BUSINESS WIRE)-- Asahi Kasei announces the results of joint research with Nara Medical University regarding the efficacy of 226 nm ultraviolet-C (UVC) LEDs in the inactivation of the coronavirus (SARS-CoV-2) that causes COVID-19, and its effects on animal skin cells. This is the first study in the world conducted with LEDs of this wavelength, and the results confirm that the 226 nm UVC LEDs are able to quickly inactivate SARS-CoV-2 while having significantly less effect on animal skin cells than 270 nm UVC LEDs. This press release features multimedia. View the full...
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