Teijin to Integrate Teijin Frontier with Asahi Kasei Advance

MT Newswires Live

Dec 01

Teijin (TYO:3401) said its board approved a definitive agreement for an absorption-type merger between its wholly owned subsidiary Teijin Frontier and Asahi Kasei Advance Corporation, with Teijin Frontier as the surviving company, according to a Monday filing on the Tokyo Stock Exchange.

Under the integration, Teijin Frontier will become a joint venture, with Teijin Limited holding 80% and Asahi Kasei holding 20%. The merger is tentatively scheduled to take effect on Oct.1, 2026.

The companies said the integration aims to strengthen competitiveness and expand sales and product networks, combining their textile and materials businesses.

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The merger is tentatively scheduled to take effect on Oct.1, 2026.</p><p>The companies said the integration aims to strengthen competitiveness and expand sales and product networks, combining their textile and materials businesses.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTR","symbol_name":"Frontier通信B系列","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2588741271","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588741271","pubTimestamp":1764573247,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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