Asahi Kasei cuts 130 bln yen from planned capital spending for 5 years ending March 31, 2011

As global recession continues to impact demand, Asahi Kasei Corp. has lowered its long-term profit goals and investment plans, by cutting 130 bln yen (US$1.35 bln) from planned capital spending for thhe five years ending March 31, 2011.

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