Fiscal 2007 / Press Releases

May 25, 2007
Asahi Kasei Chemicals Corp. Nippon Kayaku Co., Ltd.
Integration of industrial explosives operations

Asahi Kasei Chemicals Corp. and Nippon Kayaku Co., Ltd. have reached basic accord on the integration of their industrial explosives operations. Discussions on the specifics of the integration will now advance. The operating climate for industrial explosives in Japan is extremely challenging, structurally and long-term, with curtailment of investment in public works. The integration of operations will result in a more stable supply configuration for high-quality products, strengthening the operational base for industrial explosives as essential materials for the maintenance of Japan's infrastructure.

Corporate profiles

Asahi Kasei Chemicals Corp.
Head office: Tokyo, Japan
President: Taketsugu Fujiwara
Paid-in capital: ¥3 billion (as of March 31, 2007)
Sales: ¥752.6 billion (year ended March 31, 2007)

Nippon Kayaku Co., Ltd.
Head office: Tokyo, Japan
President: Koichiro Shimada
Paid-in capital: ¥14.9 billion (as of May 31, 2006)
Consolidated net-sales: ¥140 billion (year ended May 31, 2006)