Japanese fibre giant Asahi Kasei Corp said on Tuesday it will quit the acrylic textile business as part of a major restructuring.

The company said it will stop making acrylic textiles next March and withdraw them from sale three months later as part of its bid to focus on more profitable businesses such as nonwovens.

Asahi Kasei reported parent-only full-year sales of 15 billion yen from its acrylic textile unit and said the 190 workers at its plant in Fuji will be offered similar positions elsewhere in the group.