Asahi Kasei to Quit Polyester, Monofilament Production

Asahi Kasei Fibers (AKF), an Asahi Kasei subsidiary, says it will stop in-house production of polyester fiber and monofilament yarn due to poor profitability. The company will close manufacturing plants for the products at Nobeoka, Japan at the end of September. AKF will transfer production and sale of its main specialty polyester yarns to Teijin Fibers (Osaka), a subsidiary of Teijin, by the end of March 2010. The sale of AKF’s other polyester products will cease at the end of March 2010, Asahi Kasei says. The monofilament business of AKF, including...

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