Following July’s announcement of the acquisition of Sage Automotive Interiors, the world’s largest manufacturer of car seating fabrics, Japanese conglomerate Asahi Kasei is looking to triple its sales of around €1bn to the automotive industry in 2017 to €3bn by 2025.
Speaking at a press conference last month in Düsseldorf, Germany, Asahi Kasei’s president of performance polymers Hiroshi Yoshida explained that few in the industry were surprised by the Sage acquisition.
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