FOWLERVILLE – Asahi Kasei Plastics North America is investing $5.5 million to increase production capacity, after spending $3 million last year to upgrade existing production lines. The investment will create 16 new jobs in skilled trades, support, sales and marketing.
“Last year, we celebrated our 10 year anniversary and marked a 300 percent growth in business from when we started,? said John Moyer, president of Asahi Kasei Plastics North America. ?Today, with this investment, we are focusing on the future which promises continued success thanks to our wonderful customers, employees and supplier network. We are very grateful and proud to be part of the U.S. manufacturing comeback and competing in the global arena.”
Asahi Kasei Plastics provides customized resin solutions worldwide to multiple markets. The Michigan based company is one of the largest Asahi Kasei facilities outside of Japan and is expanding sales globally, in Canada, Mexico, Brazil, China, India and Europe. The company is in the top 5 percent of compounding companies in the United States and one of the largest glass filled PP (polypropylene) compounders in the world.
Asahi brands, include LEONA and THERMYLON nylons, THERMYLENE polypropylenes, TENAC acetals and XYRON engineering resins, modified PPE and more. Markets include automotive, commercial transportation, furniture, pool and spa, water treatment, electronics, and power generation including performance polymers for electric vehicle batteries, solar panels and wind energy applications.
Asahi is a wholly owned subsidiary of Asahi Kasei Chemicals Corporation, a leading producer of high performance engineered thermoplastics, petrochemicals and monomers and performance chemicals. Their product portfolio serves a diverse range of markets including energy, performance coatings, consumer products, home construction & materials, health care and many others. Internationally, Asahi Kasei has posted more than $15.8 billion dollars in annual sales. The company employs 30,000 people.
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