TOKYO -- Japanese chemical maker Asahi Kasei's group operating profit grew about 20% to roughly 200 billion yen ($1.5 billion) in fiscal 2021, Nikkei has learned, buoyed by a rebound in demand for auto parts and brisk sales of battery materials.
Carbon-cutting trend boosts materials demand from pandemic slump
Asahi Kasei is the world's No. 2 supplier of battery separators, used in electric cars among other applications. © Reuters
TOKYO -- Japanese chemical maker Asahi Kasei's group operating profit grew about 20% to roughly 200 billion yen ($1.5 billion) in fiscal 2021, Nikkei has learned, buoyed by a rebound in demand for auto parts and brisk sales of battery materials.