TOKYO--(BUSINESS WIRE)--Dec 1, 2025--
Asahi Kasei has announced that Asahi Kasei and Teijin Limited (“Teijin”) have entered into an agreement today to implement an absorption-type merger between Asahi Kasei Advance Corp. (“Asahi Kasei Advance”), a wholly owned subsidiary of Asahi Kasei, and Teijin Frontier Co., Ltd. (“Teijin Frontier”), a wholly owned subsidiary of Teijin, whereby Teijin Frontier will serve as the surviving company and become a joint venture between Asahi Kasei (20%) and Teijin (80%), effective October 1, 2026.
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Asahi Kasei Advance was established in 2015 as a trading company primarily handling products from the Asahi Kasei Group, such as fibers, chemical products, and construction materials. Considering sustained business expansion, it was determined that operation of the business under Teijin Frontier, which combines trading company functions having strong global procurement capabilities and manufacturing functions to develop and produce high-performance fibers, providing unique solutions across a wide range of fields, including apparel textiles and industrial materials, would be the most promising path forward rather than pursuing independent growth for Asahi Kasei Advance.
The purpose of the integration announced today is to combine the business platforms, sales networks, and customer bases of Teijin Frontier and Asahi Kasei Advance to drive sustainable growth and maximize corporate value. The strengths of both companies will be leveraged to form a corporate entity with greater competitiveness and a solid foundation for growth, positioned for sustainable value creation.
Hangzhou Asahikasei Textiles Co., Ltd., a subsidiary of Asahi Kasei (China) Co., Ltd., which manufactures and sells textile products, will be transferred to Asahi Kasei Advance prior to the integration.
The effect of the integration on the consolidated earnings of Asahi Kasei is immaterial.
Corporate profile after the integration
Profile of Teijin Frontier Co., Ltd.
Profile of Asahi Kasei Advance Corp.
Business Portfolio Transformation
Under its three-year medium-term management plan "Trailblaze Together," Asahi Kasei is improving capital efficiency and accelerating earnings by converting past growth investments into tangible returns. To support this, the company is implementing structural reforms that channel resources to its key growth pillars—pharmaceuticals, critical care, overseas homes, and electronics.
Recent actions such as exiting methyl methacrylate (MMA) monomer and related businesses, and expanding capacity for Pimel photosensitive polyimide, demonstrate Asahi Kasei’s disciplined execution of this strategy and reinforce the foundation for sustained, profitable growth.
About Asahi Kasei
The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 50,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world’s challenges through its three business sectors of Healthcare, Homes, and Material. For more information, visit www.asahi-kasei.com.
Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.
Progress of Asahi Kasei's business portfolio transformation.
TENERIFE, Spain (AP) — A hantavirus-stricken cruise ship with more than 140 people on board has arrived at Tenerife, the largest of Spain’s Canary Islands, off the coast of West Africa, where the passengers and some of the crew are to disembark.
The World Health Organization, Spanish authorities and cruise company Oceanwide Expeditions have said that nobody on board the MV Hondius is currently showing symptoms of the virus. Three people have died since the outbreak, and five passengers who left the ship are infected with hantavirus, which can cause life-threatening illness.
The ship will not dock but will remain at anchor, with people ferried off in small boats. Everyone disembarking will be checked for symptoms, and will only be taken off the ship once evacuation flights are ready to fly them to their destinations.
There are currently people of more than 20 different nationalities on board.
WHO Director-General Tedros Adhanom Ghebreyesus, along with Spain’s health and interior ministers, were to be supervising the evacuation of the ship. Authorities have said the passengers and crew members who will disembark will have no contact with the local population.
Hantavirus usually spreads when people inhale contaminated residue of rodent droppings and isn’t easily transmitted between people. But the Andes virus detected in the cruise ship outbreak may be able to spread between people in rare cases. Symptoms usually show between one and eight weeks after exposure.
Authorities are aiming to complete the evacuation flights on Sunday and Monday, the director of the WHO’s Department of Epidemic and Pandemic Management, Maria Van Kerkhove, said in a briefing Saturday.
Both the U.S. and the U.K. have agreed to send planes to evacuate their citizens. Americans are to be quarantined at a medical center in Nebraska.
All Spanish passengers will be transferred to a medical facility and quarantined. Oceanwide has listed 13 Spanish passengers and one Spanish crew member on board.
Those disembarking will leave behind their luggage, and will be allowed to take only a small bag with essential items, a cellphone, charger and documentation.
Some crew, as well as the body of a passenger who died on board, will remain on the ship, which will sail on to the Netherlands where it will undergo disinfection, Spanish authorities said.
Passengers at the hantavirus-stricken cruise ship MV Hondius after arriving at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
A passenger stands at the hantavirus-stricken cruise ship MV Hondius after its arrival at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
Civil Guard officers patrol next to the hantavirus-stricken cruise ship MV Hondius after its arrival at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
View from the bridge of the hantavirus-stricken cruise ship MV Hondius after its arrival at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo)
A passenger checks his camera inside his cabin on the hantavirus-stricken cruise ship, MV Hondius, during the voyage to Spain's port of Tenerife, May 6, 2026. (AP Photo)
A passenger on the the hantavirus-stricken cruise ship, MV Hondius, takes a photo of the ship's weighing anchor in Praia, during the voyage to Spain's port of Tenerife, May 6, 2026. (AP Photo)
Passengers on the the hantavirus-stricken cruise ship, MV Hondius, watch epidemiologists board the boat in Praia, during their voyage to Spain's port of Tenerife, May 6, 2026. (AP Photo)
The hantavirus-stricken cruise ship MV Hondius is seen at anchor after arriving at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
The hantavirus-stricken cruise ship MV Hondius is seen at anchor after arriving at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
The hantavirus-stricken cruise ship MV Hondius is seen at anchor after arriving at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
Workers set up temporary shelters in the area where passengers from the MV Hondius cruise ship are expected to arrive at the port of Granadilla in Tenerife, Canary Islands, Spain, Saturday, May 9, 2026. (AP Photo/Manu Fernandez)
Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, speaks to the media near the area where passengers from the MV Hondius are expected to arrive at the port of Port of Granadilla in Tenerife, Saturday, May 9, 2026. (AP Photo/Manu Fernandez)
The hantavirus-stricken cruise ship MV Hondius is seen at anchor after arriving at the port of Granadilla in Tenerife, Canary Islands, Spain, Sunday, May 10, 2026. (AP Photo/Manu Fernandez)
