Dusseldorf— Asahi Kasei Corp. has established Asahi Kasei Europe GmbH in Dusseldorf, Germany, as a base to further expand its business in Europe, beginning 1 Apr. 2016. The new base, to be led by Hideki Tsutsumi as president, will become an operating holding company through the absorption of Asahi Kasei Chemicals Corp., Asahi Kasei Fibers Corp. and Asahi Kasei E-materials Corp. These operations, together with Asahi Kasei Microdevices Corp., form a newly organized Material business sector for Asahi Kasei Group.
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