MOSCOW (MRC) -- Japan’s Asahi Kasei has announced the launch of a new medium-term strategic management initiative covering the next three years, as per ChemWeek.
The plan, Cs for tomorrow 2018, envisages the Asahi Kasei group adopting an operating holding company structure and its business portfolio is being reorganized into three sectors: material, homes, and healthcare.
The strategies under the new initiative are pursuing growth and profitability, creating businesses, and accelerating globalization.
Asahi Kasei announced that it would invest about yen (Y) 700bn (USD6.3bn) to restructure its operations over three years.
As MRC reported earlier, on 12 February 2016, Asahi Kasei Chemicals shut its cracker in Mizushima permanently. The cracker had an ethylene capacity of 504,000 mt/year and a propylene capacity of 300,000 mt/year. Feedstock ethylene for its 390,000 mt/year of styrene monomer (SM) plant will come from a new 750,000 mt/year steamcracker which is a joint venture between Asahi Kasei and Mitsubishi Chemical. The new unified cracker was expected to start up on April 1.
Asahi Kasei Corporation is a global Japanese chemical company. Its main products are chemicals and materials science.
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