Asahi Kasei Asia Pacific Co., Ltd. (AKAP) will begin operating on August 1, 2019, as Asahi Kasei's regional headquarters for business in the ASEAN region.

Asahi Kasei currently has 16 entities in 5 ASEAN countries offering high value-added products such as materials for automotive, apparel, and hygienic markets. With its steady population growth and ongoing economic expansion, ASEAN is not only an important region for manufacturing but also becoming a key market. As economic activity continues to advance in this region of diverse languages, commercial customs, and legal systems, regulatory requirements for business operation are advancing apace. It was therefore determined that a regional headquarters for Asahi Kasei Group operations in the ASEAN region would enable increasingly diverse and complex risks to be effectively managed.

Located in Bangkok, Thailand, home to many Asahi Kasei affiliates and featuring superior regional accessibility, AKAP will contribute to further growth of the Asahi Kasei Group's business in the ASEAN region through enhanced marketing and management functions while supporting the operations of each entity, advancing human resources development, facilitating coordination among the different entities, and raising operational efficiency.

Corporate profile of Asahi Kasei Asia Pacific Co., Ltd.

Managing Director

Jumpei Seki

Location

Bangkok, The Kingdom of Thailand

Paid-in capital

80 million baht

Establishment

March 8, 2019

Start-up

August 1, 2019

Main Asahi Kasei Group entities in the ASEAN region