Durables

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Asahi Kasei buys stake in advanced materials firm

By Haydn Davis
27 October 2023

NEW YORK/TOKYO - Asahi Kasei has announced its investment in US-based startup NFW, a producer of non-petroleum-based leather alternative for car interiors.

As part of Asahi Kasei's medium-term growth strategy and in close cooperation with Sage Automotive Interiors, Asahi Kasei's global provider of functional materials for the automotive interior, this strategic partnership is said to be a further step to support global automotive OEMs in reducing the environmental burden of automobiles.

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