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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Asahi Exits Fine Chemicals

11:57 AM MDT | May 22, 2009

Asahi Kasei says its Asahi Kasei Pharma subsidiary will exit the fine chemical business, and that it will liquidate Asahi Kasei N&P, the fine chemical subsidiary of Asahi Kasei Pharma. The company says it will also discontinue production in July at its Shiraoi plant, which focuses on the functional food additive coenzyme Q10. Product sales will be discontinued by year-end. Asahi Kasei has also announced that its Asahi Kasei Construction Materials subsidiary will permanently close its manufacturing facility located at Shiraoi by March...

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