printed in japan on recycled paper a copy of the company s annual report and further information will be made available upon request writing to public relations office asahi chemical industry co ltd hibiya mitsui building 1 2 yurakucho chome chiyoda ku tokyo 100 8440 phone 81 3 3507 2060 fax 2495 web site http www kasei jp english 1999 for year ended march 31 concentration industr y competitive superiority contents business strategic expansion high performance plastics chemicals 4 fresh concepts spur new demand housing construction materials 6 outstanding quality drives global fibers textiles 8 technology provide reliable solutions electronics 10 membrane expertise creates opportunities membranes systems 12 message from management 14 review operations 18 research & development 30 environment health safety 34 board directors corporate auditors 36 financial section 37 major subsidiaries affiliates 62 offices 64 organization 65 investors 66