Tokyo, Japan— Tosoh Corporation (Tosoh) has purchased further shares of and made Philippines-based chlor-alkali manufacturer Mabuhay Vinyl Corporation (Mabuhay) a subsidiary. This is in line with Tosoh’s efforts to strengthen its core vinyl isocyanate chain.
Mabuhay has built a strong position as the only electrolytic chlor-alkali producer in the Philippines market, where chlor-alkali sales are expected to see stable growth. In making Mabuhay a subsidiary, Tosoh signals the importance of this overseas operation to its vinyl isocyanate chain. Tosoh’s aim is for Mabuhay to more aggressively develop its business, and toward this purpose Tosoh will more fully integrate the new subsidiary’s management system with its own.
| Share Acquisition Results |
| Acquisition method | Tender offer bid |
| Investment ratio | 87.97% (up from previously 39.92%) |
| Acquisition amount | Approx. JPY 1.5 billion |
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| About Mabuhay |
| Company Name | Mabuhay Vinyl Coporation |
| Location | 3rd Floor, Philamlife Salcedo Bldg., 126 L.P. Leviste St., Salcedo Village, Makati City, 1227 The Philippines
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| Business | Chlor-alkali (caustic soda, chlorine, hydrochloric acid, sodium hypochlorite) manufacturing and sale |
TOSOH CORPORATION
WHO WE ARE
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 11,000 people and generated net sales of ¥809.7 billion (US$6.7 billion at the year-end rate of ¥120.17 to the US dollar) in fiscal 2015, ended March 31, 2015.
WHAT WE DO
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.