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4-Traders Homepage  >  Equities  >  Tokyo  >  Asahi Kasei Corp    3407   JP3111200006

ASAHI KASEI CORP (3407)
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Asahi Kasei Corp. : Construction of new acetonitrile plant in Korea

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03/06/2012 | 04:35am CEST

Asahi Kasei Chemicals Corp.

Asahi Kasei Chemicals has finalized a decision to construct a new acetonitrile plant in Korea. The plant will have a production capacity of 11,000 tons per year, and start-up is scheduled for January 2014. Having a second production base for acetonitrile, in addition to its Japanese base, will enable Asahi Kasei Chemicals to assure a reliable supply of acetonitrile as demand continues to grow rapidly worldwide.

Acetonitrile is produced by refining the crude acetonitrile obtained as a byproduct of acrylonitrile (AN). It is mainly used as a solvent in the manufacture of pharmaceuticals, with other notable uses including as analytical reagent and in the field of agrichemicals. With an acetonitrile plant in Kawasaki, Kanagawa, Japan, having a production capacity of 14,000 tons per year, Asahi Kasei Chemicals is a major supplier to markets in Asia and Europe as well as Japan. Strong growth in demand for acetonitrile is forecasted, particularly for use in the field of pharmaceutical manufacture. Asahi Kasei Chemicals had therefore been examining how best to increase production capacity and ensure reliable supply as markets continue to grow.

A decision was made to construct a new acetonitrile plant at Tong Suh Petrochemical Corp., Ltd., an Asahi Kasei Group company in Korea, which is currently constructing a new AN plant in Ulsan with startup scheduled for January 2013. The acetonitrile plant in Korea will utilize crude acetonitrile byproduct from the AN plants in Korea.

Having two production bases for acetonitrile, in Japan and Korea, will enable Asahi Kasei Chemicals to provide reliable supply to meet growing demand in the pharmaceutical industry especially in India and China.
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Financials ( JPY)
Sales 2019 2 152 B
EBIT 2019 -
Net income 2019 154 B
Debt 2019 99 762 M
Yield 2019 2,51%
P/E ratio 2019 12,66
P/E ratio 2020 12,09
EV / Sales 2019 0,95x
EV / Sales 2020 0,89x
Capitalization 1 955 B
Chart ASAHI KASEI CORP
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Asahi Kasei Corp Technical Analysis Chart | 3407 | JP3111200006 | 4-Traders
Technical analysis trends ASAHI KASEI CORP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 1 584  JPY
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Hideki Kobori President & Representative Director
Ichiro Itoh Chairman
Shuichi Sakamoto Director & Head-Corporate Finance
Hideyuki Yamagishi Senior Executive Officer, General Manager-R&D
Norio Ichino Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
ASAHI KASEI CORP-6.25%17 771
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AIR LIQUIDE3.62%53 670
PRAXAIR0.77%45 445
LYONDELLBASELL INDUSTRIES0.63%43 528
SHIN-ETSU CHEMICAL CO LTD-16.18%38 799