Asahi Kasei to Cease Manufacturing Tire Cord in Japan

Japan-based Asahi Kasei has announced that it is liquidating the Asahi Kasei Cord business, a decision made due to the slow growth of vehicle production and the growing number of products being imported from other countries.

Asahi Kasei Cord has produced the nylon yarn required for tire cord – the reinforcing fabric in tires – in the country since 1970. For the past 53 years, the company has been the key manufacturing and supply base for Asahi Kasei’s nylon filament business. …

Source: TTI