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The latest update is out from Asahi Kasei ( (JP:3407) ).
Asahi Kasei will reconfigure derivatives operations at its Mizushima Works by fiscal 2030, discontinuing domestic production of styrene monomer and low- and high-density polyethylene after decades of supply, as persistently low operating rates and structural demand decline make these businesses unprofitable. The company will also cut domestic acrylonitrile capacity and end local production of polycarbonate diol while shifting supply to overseas subsidiaries, aiming to raise industry-wide operating rates, stabilize the petrochemical supply chain and align with broader consolidation in Japan’s petrochemical sector.
A four-year transition period is planned to allow customers to switch to substitute products while maintaining stable supply, with Asahi Kasei emphasizing that domestic capacity for affected derivatives should still exceed national demand after its exit. In parallel, the firm is advancing its Revolefin technology to produce decarbonized ethylene and propylene from bioethanol, signaling a strategic pivot toward lower-carbon basic chemicals and reduced dependence on petroleum, which could enhance its positioning in a carbon-constrained global market.
The most recent analyst rating on (JP:3407) stock is a Buy with a Yen2100.00 price target. To see the full list of analyst forecasts on Asahi Kasei stock, see the JP:3407 Stock Forecast page.
More about Asahi Kasei
Asahi Kasei is a diversified Japanese chemicals manufacturer with a long-standing presence in petrochemicals, supplying products such as styrene monomer, polyethylene, acrylonitrile and specialty polymers to domestic and overseas customers. The company focuses on serving resin, fiber, film, packaging and polyurethane markets, and is increasingly investing in low-carbon technologies to bolster its competitiveness and support Japan’s industrial base.
Average Trading Volume: 5,483,841
Technical Sentiment Signal: Buy
Current Market Cap: Yen2088.5B
For an in-depth examination of 3407 stock, go to TipRanks’ Overview page.