ZOLL Medical Corporation (ZOLL) Establishes Japanese Subsidiary, Asahi Kasei ZOLL Medical
10/24/2012 7:14:55 AM
CHELMSFORD, Mass.--(BUSINESS WIRE)--ZOLL® Medical Corporation, a manufacturer of medical devices and related software solutions and a wholly owned U.S. subsidiary of Asahi Kasei, has established Asahi Kasei ZOLL Medical Corporation (AZM) as its Japanese subsidiary effective November 5. AZM will advance the expansion and development of ZOLL’s critical care business in Japan, the second largest medical market in the world. “AZM will leverage the resources of the Asahi Kasei Group to facilitate these developments for the swift expansion of ZOLL’s business in Japan.” The new Tokyo-based subsidiary is wholly owned by ZOLL. Seiji Sakano, PhD, will serve as president of AZM, reporting directly to Richard A. Packer, CEO of ZOLL. Targeting growth in the field of resuscitation and critical care, Asahi Kasei acquired full ownership of ZOLL in April 2012. As a member company of the Asahi Kasei Group, ZOLL is accelerating the expansion of operations beyond the US and Europe, with a focus on Japan and other major Asian markets.
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