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Asahi Kasei Advance and Teijin Frontier to Integrate Businesses for Sustainable Growth
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Asahi Kasei Advance and Teijin Frontier to Integrate Businesses for Sustainable Growth
Asahi Kasei has announced that Asahi Kasei and Teijin Limited (“Teijin”) have agreed today to implement an absorption-type merger between Asahi Kasei Advance Corp. (“Asahi Kasei Advance”), a wholly owned subsidiary of Asahi Kasei, and Teijin Frontier Co., Ltd. (“Teijin Frontier”), a wholly owned subsidiary of Teijin, whereby Teijin Frontier will serve as the surviving company and become a joint venture between Asahi Kasei (20%) and Teijin (80%),…
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