Asahi Kasei recently decided to terminate operations and liquidate Asahi Kasei Cord, which produces general-purpose tire cord and chafer, among others. Production is scheduled to end at the end of March 2024, and the plant will be closed at the end of March 2025. In principle, approximately 70 employees will be reassigned within the Asahi Kasei group. The decision was...
Asahi Kasei’s synthetic rubber business fell short of its plan in terms of volume for the fiscal year ending March 31, 2023. Demand for both solution-polymerized styrene-butadiene rubber (SSBR), mainly for tire applications, and butadiene rubber (BR), mainly for non-tire and resin modification applications, declined in the second half. “All regions performed worse than expected. The rise in raw material...
Asahi Kasei reported net sales of 2.72 trillion yen ($19.69 billion), up 10.8% from the previous fiscal year, operating income of 128.352 billion yen, down 36.7%, ordinary income of 121.53 billion yen, down 42.7%, and a net loss of 91.31 billion yen (compared to 161.88 billion yen profit). Sales reached a record high. The environmental solutions business, which includes synthetic...
Asahi Kasei has established the “Care for Earth” investment facility as a new initiative to achieve carbon neutrality. The company will invest $100 million globally over a five-year period through fiscal 2027 in early-stage startup companies that are working to solve problems in environmental fields such as hydrogen, energy storage, carbon management, and bio-chemicals. Since 2008, the company has been...
Asahi Kasei has begun in November selling solution-polymerized styrene-butadiene rubber (SSBR) and butadiene rubber (BR) using the mass balance method. In October, the company’s Synthetic Rubber Division obtained ISCC PLUS certification. Asahi Kasei Synthetic Rubber Singapore has already obtained this certification, and together with the synthetic rubber plant at the Kawasaki Plant, the company has decided to sell its products...
Asahi Kasei announced on September 22 that it will raise the price of polybutadiene rubber (BR) and styrene-butadiene rubber (SBR, oil and non-oil) by 30 yen ($0.21) or more per kilogram for shipments from October 1. The company said that the recent sharp rise in crude oil prices and the rapid depreciation of the yen have caused the costs of...
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