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February 15, 2007 |
Asahi Kasei Corporation |
New subsidiary to serve as regional headquarters in China
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Asahi Kasei Corp. has established Asahi Kasei Business Management
(Shanghai) Co., Ltd. (BMS) to serve as a regional headquarters for Asahi Kasei Group
operations in China. BMS, which will begin operation on April 1, 2007, is
incorporated under Shanghai municipal regulatory provisions which enable a
foreign-owned regional headquarters to perform business management operations
without first functioning as a holding company for investments in China.
At present, more than ten Asahi Kasei Group companies are located in China, with
operations largely centered on manufacturing for export. The growth of operations
in China will be a key element in the Asahi Kasei Group's Growth Action – 2010 initiative for strategic global expansion, and BMS
will play a vital role in facilitating this growth.
BMS will provide services on consignment to Asahi Kasei and its core operating
companies to support the advancement and growth of group companies in China and the
development of new businesses in China. This will entail the performance of a wide
range of functions, including the provision of an information infrastructure for
operations in China, the development of global management talent, centralized
support for procedures related to the establishment of new companies in China,
and pre-marketing investigation and trial marketing for new products for the Chinese
market.
Main Asahi Kasei Group companies in China
Core operating
company affiliation |
Name |
Business line |
| Asahi Kasei Chemicals Corp. |
Asahikasei (Suzhou) Plastics Compound Co., Ltd. |
Coloring and compounding of performance resins |
| Asahikasei Plastics (Shanghai) Co., Ltd. |
Sale of performance resins |
| Asahi-DuPont POM (Zhangjiagang) Co., Ltd. |
Production and sale of polyacetal |
| Asahi Kasei Microza (Hangzhou) Co., Ltd. |
Assembly of industrial membranes and systems |
| Asahi Kasei Performance Chemicals Corp. |
Production of high-performance HDI-based polyisocyanate |
| Asahi Kasei Pharma Corp. |
Asahi Kasei Medical (Hangzhou) Co., Ltd. |
Assembly of hemodialyzers |
| Asahi Kasei Fibers Corp. |
Hangzhou Asahikasei Textiles Co., Ltd. |
Knitting and dyeing of spandex |
| Hangzhou Asahikasei Spandex Co., Ltd. |
Production and sale of spandex |
| Kyokuyo International Trading (Shanghai) Co., Ltd. |
Sale of fiber and textiles |
| Asahi Kasei EMD Corp. |
Asahi Kasei Electronics Materials (Suzhou) Co., Ltd. |
Production of photosensitive dry film resist |
Corporate profile of Asahi Kasei Business Management (Shanghai) Co., Ltd.
| Chairman: |
Ichiro Itoh, Asahi Kasei Director and Vice-Presidential Executive Officer |
| Paid-in capital: |
US$3 million |
| Head office: |
Shanghai |
| Branch office: |
Beijing |
| Employees: |
30 |
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