April 7, 2008 -- Asahi Kasei Corp. has announced a five-year plan that calls for spending of roughly ¥800 billion on plant and equipment, continuing the firm's strategy of aggressive investing. Average yearly spending during the current five-year plan to fiscal 2010 is double the average amount Asahi Kasei spent during the three years to fiscal 2005.
Now a similarly large equipment investment budget has been written into the next five-year plan. The goal is to broaden revenues by focusing not only on materials and parts for semiconductors and LCD panels, but also on equipment for growth fields like medical instruments and water treatment membranes.
Abstracted from Asia Pulse
