Asahi Kasei x Teijin Frontier
Asahi Kasei Advance will be merged with Teijin Frontier to create a joint venture, in which Teijin will hold 80% ownership and Asahi Kasei will hold the remaining 20%.
Asahi Kasei Advance was formed in 2015 as a trading company that mainly deals with products from the Asahi Kasei Group, including fibres, nonwovens, textiles, chemical items, and construction materials.
Teijin Frontier is also a trading company, known for its strong global sourcing abilities and manufacturing systems that help develop and produce high-performance fibres.
Both Japanese companies believe that merging will be a better way forward than trying to grow Asahi Kasei Advance separately. By combining their strengths, they aim to build a more competitive company with a stronger base for future growth.
Hangzhou Asahikasei Textiles, a Chinese unit of Asahi Kasei that makes and sells textile products, will be moved under Asahi Kasei Advance before the merger takes place.
MISSION, a provider of wearable cooling products and sun-protection performance accessories, has introduced its range called the Cool Compression Collection.
Jeanologia introduced Billy AI, a new artificial intelligence platform that can create accurate laser designs directly from a photograph of…
Hyosung TNC is set to present its latest fibre innovations at Performance Days, highlighting the growing demand for soft stretch…
eVent Fabrics and Allied Feather + Down launch down jacket to solve the problem of build-up of moisture both inside…
Circ, based in Danville, Virginia, has announced a new partnership with Xinxiang Bailu Chemical Fiber, one of the world’s major…
Lycra will introduce its new Coolmax CloakFX fibre, designed to make garments look drier by reducing the visibility of sweat…