For the first time in 20 years

In the beginning of 2023, Asahi Kasei announced that it made loss for the first time in 20 years. Asahi Kasei Corporation is a multinational Japanese chemical company. Its main products are chemicals and materials science. Its electric vehicles’ material business in the US affected this result. The Japanese company acquired Polypore in 2015. Main points of the acquisition are here in the following.

Immediately prior to the acquisition by Asahi Kasei, Polypore divested its Separations Media segment to 3M Company. Polypore will now operate as a core operating company of the Asahi Kasei Group. Further development and growth of the battery separator business will be coordinated with Asahi Kasei E-materials Corp.

In fact, demand of separators in electric vehicles has been increasing. This is because the number of EV sales has been increasing as well. Therefore, the management team of Asahi Kasei could predict the direction of the battery separator market in 2015. However, other types of separators in EVs are main stream in the market, and they are different from those that Asahi Kasei is manufacturing.

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