Key Developments

In 2022, Toray Industries, Inc., announced that it has developed the world's first 100% bio-based adipic acid, a raw material for nylon 66 (polyamide 66), from sugars derived from inedible biomass.
In May 2022, Lanxess and Advent to acquire Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion. Lanxess to transfer High Performance Materials business into joint venture. Lanxess to receive a payment of at least US$ 1.8 billion and a stake of up to 40 percent in the joint venture. Lanxess will use proceeds to reduce debt and plans to buy back shares. New joint venture with pioneering product portfolio and integrated value chain.
In 2021, Asahi Kasei had established a group-wide data management platform called “DEEP” (Data Exploration and Exchange Pipeline) to accelerate Digital Transformation (DX) throughout the Asahi Kasei Group, and started its operation in April 2022. DEEP has established to manage and explore data of all businesses of Asahi Kasei, and is expected to make further contribution to the enhancement of management and businesses.
In 2021, Ascend Performance Materials had announced plans to purchase a compounding facility in San Jose Iturbide, Mexico, growing its global footprint and expanding production capacity for high-performance engineered materials. The purchase agreement includes the assets of DM Color Mexicana, a joint venture between Dainichiseika and Mitsubishi Corp.