Asahi Kasei Corp. is entering Texas within three years as the Japanese homebuilder seeks to double its overseas sales to ¥500 billion ($3.4 billion) by 2030, President Koshiro Kudo told Nikkei.
The company plans to invest about ¥1 billion ($6.86 million) to build a roof panel factory near San Antonio by 2026 while exploring acquisitions to expand its unique business model: buying and integrating specialized subcontractors to cut home construction time in half.
Texas issued 225,600 home construction permits in 2024, making it America’s largest housing market. Asahi Kasei has already established operations in Arizona, Florida and Nevada since acquiring its first U.S. framing company in 2018.
“We’ll clearly position overseas housing as an important growth area and actively invest in it,” Kudo said.
The Texas expansion is part of Asahi Kasei’s broader strategy to allocate approximately ¥700 billion for strategic investments under its new medium-term business plan due April 10. About 80% will target housing, pharmaceuticals, electronic materials and membranes.
The company, which operates across homes, materials and health care segments, also aims to grow pharmaceutical sales to ¥300 billion by fiscal 2030, up from ¥115.8 billion in fiscal 2023, following its $1 billion acquisition of Sweden’s Calliditas Therapeutics in 2024.
Asahi Kasei’s approach involves purchasing and integrating subcontractors in the North American housing market to streamline operations.
