Tokyo, Japan—Tosoh is pleased to announce that, effective October 1, 2017, its wholly owned subsidiaries Tosoh Finechem Corporation, Tosoh F-Tech, Inc., and Tosoh Organic Chemical Co., Ltd., will merge. Tosoh Finechem Corporation will be the surviving entity.
Each of the three subsidiaries develops, produces, and sells organic compounds of distinct characteristics. Their merger will combine their distinctive technologies to accelerate the development of chemical compounds, will facilitate the most effective use of production facilities, and will improve responsiveness to customers’ diverse needs. Tosoh Finechem Corporation will be positioned as a highly profitable, development-driven manufacturer of fine chemicals.
Overview of Merging Entities
| Name | Tosoh Finechem Corporation
(surviving entity) | Tosoh F-Tech, Inc.
(merged entity) | Tosoh Organic Chemical Co., Ltd.
(merged entity) |
| Headquarters | 4555, Kaisei-cho, Shunan City, Yamaguchi Prefecture
| 4988, Kaisei-cho, Shunan City, Yamaguchi Prefecture
| 4988, Kaisei-cho, Shunan City, Yamaguchi Prefecture
|
| Established | July 1965 | September 1975 | July 1981 |
| Capital | ¥500 million
| ¥400 million
| ¥400 million
|
| Description of business | Manufacture and sale of organometallic compounds
| Manufacture and sale of fluorinated organic compounds
| Manufacture and sale of brominated organic compounds
|
| Uses of main products | Polymerization catalysts
Electronic materials
Medical and agrochemical organic intermediates
| Industrial chemicals
Electronic materials
Medical and agrochemical organic intermediates
| Industrial chemicals
Electronic materials
Medical and agrochemical organic intermediates
|
Overview of Suviving Entity
| Name | Tosoh Finechem Corporation
(surviving entity) |
| Headquarters | 4555, Kaisei-cho, Shunan City, Yamaguchi Prefecture
|
| Capital | ¥500 million
|
TOSOH CORPORATION
WHO WE ARE
Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥753.7 billion (US$6.3 billion at the average rate of ¥120.15 to the US dollar) in fiscal 2016, ended March 31, 2016.
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.