March 1,
2006
Asahi Kasei Fibers Corporation
Asahi Kasei Corporation
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Completion of Dorlastan™ acquisition
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The acquisition by Asahi Kasei Fibers Corp.
(AKF) of the Dorlastan™ spandex business of Germany's Lanxess Group,
including production facilities in Germany and the US, was completed today,
in accordance with the sale and purchase agreement signed late last year.
The German operations of the Dorlastan™ business are now organized in a new AKF subsidiary,
Asahi Kasei Spandex Europe GmbH.
The subsidiary for Dorlastan™ operations in the US will shortly be renamed from Dorlastan
Fibers LLC to Asahi Kasei Spandex America LLC.
Integration of the customer relationships, marketing and distribution networks,
world-class production facilities, and highly skilled workforce of the Dorlastan™ business
with AKF's established Roica™ spandex operations will enable enhanced response to customer
needs throughout the world markets for high-quality, high-performance spandex filament and yarn.
| Corporate Profiles: |
| Asahi Kasei Spandex Europe GmbH |
| |
Location: |
Dormagen, North Rhine-Westphalia, Germany |
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Annual capacity: |
8000 tons |
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CEO: |
Ryoji Horinaka |
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President: |
Werner Nahl |
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|
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| Asahi Kasei Spandex America LLC |
| (currently Dorlastan Fibers LLC) |
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Location: |
Bushy Park, South Carolina, USA |
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Annual capacity: |
9000 tons |
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Chairman of the Board: |
Ryoji Horinaka |
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President: |
Dr. Gregor Huber |
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|
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| Asahi Kasei Fibers Corp. |
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Head office: |
1-2-6 Dojimahama, Kita-ku, Osaka, Japan |
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President: |
Masaki Sakamoto |
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Sales: |
¥104.3 billion* (year ended March 31, 2005) |
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Businesses: |
Asahi Kasei Fibers is a wholly owned subsidiary of Asahi Kasei Corporation and the core operating company for the fibers operations of the Asahi Kasei Group. Its three core businesses are spandex, cuprammonium rayon, and nonwovens. |
* Consolidated net sales of Fibers operating segment of Asahi Kasei Corporation.
Reference material: Spandex production facilities of AKF
Company |
Holding |
Location |
Annual capacity |
Asahi Kasei Fibers Corp. |
– |
Moriyama, Japan |
9,000 tons |
Formosa Asahi Spandex Co., Ltd. |
50% |
Taipei, Taiwan |
5,000 tons |
Hangzhou Asahi Kasei Spandex Co., Ltd. |
100% |
Hangzhou, China |
3,000 tons |
Thai Asahi Kasei Spandex Co., Ltd. |
60% |
Chonburi, Thailand |
2,500 tons |
Asahi Kasei Spandex Europe GmbH |
100% |
Dormagen, Germany |
8,000 tons |
Dorlastan Fibers LLC |
100% |
Bushy Park, SC, USA |
9,000 tons |
|
|
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Total: 36,500 tons |
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