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“Business as usual” as MJH Group welcomes overseas investment

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MJH Multi is a proud member of the MJH Group, Australia’s sixth largest residential home group. On Tuesday 1 August, 2017, the MJH Group announced a capital alliance with Japan’s Asahi Kasei Homes Corp.

Asahi Kasei Homes has purchased a 40 percent stake in the NSW based building group, with the ongoing strength and opportunity of the Australian residential new housing market appealing to Asahi Kasei Homes expansion strategy.

MJH Group Managing Director Andrew Helmers said the investment by Asahi Kasei Homes is recognition of the success of the business over past 30 years and provides the company with the capital to meet strategic objectives aligned to their vision.

“The expansion into the Australian market by Asahi Kasei Homes enhances our already robust financial position, and provides new opportunities in research and development, home design and construction which will be of great benefit to our customers,” Mr. Helmers said.

Asahi Kasei Homes recognised the strong synergies in construction techniques, building materials, innovation and customer service as key pillars in activating the agreement with MJH Group.

“The alliance between MJH Group and Asahi Kasei Homes will have minimal impact on the day-to-day operation of the MJH Group, for our customers, suppliers and staff it will be business as usual,” Mr. Helmers added.

The existing management team, which has lead the company for more than two decades welcomes the knowledge and insights that will be gained in the partnership with a global company like Asahi Kasei Homes.

Asahi Kasei Homes believes the alliance provides an outstanding opportunity to leverage its construction expertise, reduce construction costs and combine the marketing and technical strengths of the MJH Group to deliver unsurpassed value and quality for customers.

 

ABOUT ASAHI KASEI HOMES

  • Asahi Kasei Homes is part of the Asahi Kasei Group, a diversified group of companies led by Asahi Kasei Corp., with operations in the material, homes, and health care business sectors. With more than 30,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries. For more information, visit www.asahi-kasei.co.jp/asahi/en/.
  • The Asahi Kasei Corp. is targeting net sales of ¥1 trillion and operating income of ¥100 billion in the Homes sector in fiscal 2025.
  • Asahi Kasei Homes has a vision of realising long-life homes that provide ongoing customer satisfaction and retention of asset value through long-term maintenance and services.
  • Asahi Kasei Homes has served Japanese urban markets with durable, earthquake-resistant, fire-resistant steel-frame homes with AAC wall panels since 1972, and now delivers over 8,000 buildings per year
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