In accordance with its ongoing development
of a corporate organization and operations comprised of self-dependent,
highly autonomous business units, Asahi Kasei will formally
replace its current divisional configuration with a new “internal
companies” corporate configuration on 28 June 2001.
This reconfiguration is an integral part
of the ISHIN2000 mid-range strategic initiative for corporate
management systems optimization and a growth business portfolio,
in concert with the recent establishment of Asahi Kasei as
the unified corporate and group name, corporate logo, and
global brand, and adoption of the Asahi Kasei Group Credo
setting forth the basic direction and goals of the Asahi Kasei
Group. The adoption and development of the internal companies
configuration of corporate management, operations, and systems,
will continue the advance of the strategic initiative for
corporate reformation, renewal, and growth.
Context and purpose of reconfiguration
The operations of Asahi Kasei span a broad range of business
sectors, each with its own specific competitive environment
and optimal business model. In this context, Asahi Kasei has
over the years grown in a divisional configuration. This was
marked some years ago by the development of the corporate
administrations configuration, and the evolution of these
administrations toward self-dependent business units. During
the past several years, the ISHIN2000 initiative has accelerated
this trend, by enlarging the scope of responsibility and authority
within each administration and instituting new systems of
administration-based capital funding, balance sheets, and
EVA evaluation. In its basic nature, the system of corporate
administrations has in fact already been transformed to that
of an internal companies configuration.
For each of the new internal companies, the
configuration will bring an increasing scope of authority
and engagement with its markets and customers, permitting
better, more informed judgment and faster decision making,
for faster moving, more dynamic management of the business
entity.
Internal companies corporate configuration
and systems
Organization
Subsidiaries and affiliates: Affiliation
with Corporate Headquarters or directly with Internal Company,
essentially as at present.
Ultimate decision-making body within each
Internal Company:
Internal Company Executive Committee
Management authority within each Internal
Company:
Internal Company President and Vice Presidents
Scope of responsibility and authority: Optimum division of responsibility and authority between Asahi
Kasei Group Management (i.e., Corporate Head Office) and Internal
Companies to be determined and performed in concert with implementation
of the Internal Companies Configuration, following clear delineation
of Corporate Headquarters role and functions, to foster and
advance the development of fast-moving, dynamic management
and operations.
Related regrouping of divisional affiliations
Performance Chemicals Company
A newly formed business unit, directed toward expanding applications
and sales for performance intermediates and performance chemicals
and toward integrated, strategic advancement of the competitive-superiority
operations in cyclohexanol, adipic acid, and hexamethylenediamine,
to comprise the following.
- Performance Intermediates Division.
To be transferred from current position as Leona Intermediates
Division of the Chemicals & Plastics Administration.
- Coating Materials Division. To be
transferred from current position in the Specialty Chemicals
Administration; together with transfer of direct affiliation
for the following corporate subsidiaries to the Performance
Chemicals Company.
Wacker Asahikasei Silicone Co., Ltd.
Asahikasei Epoxy Co., Ltd.
Asahi Kasei Finechem Co., Ltd.
- Performance Chemicals Planning & Control
Department. To be newly established, as an organ of
the Performance Chemicals Company.
Specialty Products & Systems Company
A newly formed business unit, to be comprised of the following.
To be transferred from the current Specialty
Chemicals Administration:
- Functional Additives Division
- Explosives Division
- Imaging Products Division
- Research & Development Center
- Logistics Department
To be transferred from the current Membranes
& Systems Administration:
- Industrial Membranes Division
- Ion Exchange Membranes Division
- Water Treatment Technology
Center
To be newly formed, by combining the corresponding
departments of the above two Administrations:
- Planning & Control Department
Effective date of internal companies configuration
adoption
June 28, 2001
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