Asahi Kaisei Adr Stock Price, News & Analysis

Asahi Kasei has developed a new system for calculating the carbon footprint (CFP) of its synthetic rubber and elastomers products, which will start providing data to customers from June 2022. The system utilizes the DEEP group-wide management infrastructure for enhanced CFP visualization and reduction strategies. Asahi Kasei aims for carbon neutrality by 2050, incorporating sustainable practices like using butadiene derived from plastic waste. This system is crucial as regulations on carbon footprints increase, and it tailors data to meet customer requirements.

Asahi Kasei has developed a new platform in collaboration with NTT DATA to monitor greenhouse gas (GHG) emissions and calculate carbon footprints for its performance plastics used in various industries. This initiative, part of its sustainability efforts, began in April 2022, with customer data sharing starting in May 2022. The platform aims to provide detailed insights into GHG emissions across the supply chain, enhancing accountability and supporting decarbonization. Asahi Kasei remains committed to achieving carbon neutrality by 2050.

Asahi Kasei Medical announced on April 14, 2022, the acquisition of Bionova Scientific, LLC, specializing in biopharmaceutical contract development and manufacturing. This strategic move enhances Asahi Kasei's bioprocess business, allowing it to offer advanced manufacturing capabilities for next-generation antibody drugs. Bionova's GMP-compliant facility and expertise in complex biopharmaceuticals are set to meet increasing market demand. The acquisition is pending necessary regulatory approvals.

Asahi Kasei will showcase its AKXY Pod automotive interior prototype at the SAE World Congress Experience in Detroit from April 5-7, 2022. The presentation includes advancements in keeping vehicle cabins safe from pathogens using Crystal IS's Klaran UVC LEDs. The Healthy Car Portfolio emphasizes safety through technologies like touch-free alcohol sensors and innovative textiles. The event will highlight solutions for enhancing comfort and cleanliness in vehicles while addressing post-COVID-19 market needs, emphasizing the importance of healthy automotive innovations.

Asahi Kasei has announced a strategic partnership with Genomatica to develop biomass-derived hexamethylenediamine (HMD), enhancing the production of sustainable polyamide 66 (Leona™). This collaboration allows Asahi Kasei to evaluate bio-HMD as a feedstock, aiming to be first-to-market in sustainable engineering plastics for automotive and electronics. Asahi Kasei targets carbon neutrality by 2050, with bio-HMD potentially reducing greenhouse gas emissions. The partnership aligns with increasing global demand for eco-friendly materials in manufacturing.

Asahi Kasei Medical plans to expand its production capacity for Planova™ filters by constructing a new assembly plant in Nobeoka, Miyazaki, Japan. This facility aims to enhance manufacturing automation and efficiency, with construction set to begin in Q3 2022 and completion expected in early 2024. The demand for Planova™ filters has surged due to the COVID-19 pandemic's impact on the biotherapeutics market. Asahi Kasei Medical has been investing in production capacity to meet this demand, reinforcing its position as a market leader in virus filtration.

ZOLL Medical Corporation has successfully completed its acquisition of Itamar Medical Ltd. for $1.0333 per ordinary share, totaling approximately $31 per American Depository Share. Itamar Medical will operate as a division within ZOLL, focusing on sleep-disordered breathing diagnostics. The integration is expected to leverage ZOLL's global infrastructure to drive growth while maintaining operations in Caesarea, Israel. Following the acquisition, Itamar Medical's shares will cease trading on the Nasdaq and TASE markets, and it will deregister its securities with the SEC.