Toyo Ink SC Holdings merges two Taiwan subsidiaries

The reorganisation also resulted in a name-change of the newly formed company and a relocation of its head office. The merger is effected since January 1, 2015.

 

The merger entailed the absorption of Toyo Ink Taiwan, which imported and sold Toyo Ink Group colour and functional materials, polymers and coatings, into the structure of the successor company, Toyo Ink Chemicals Taiwan, which manufactured and sold resist inks used for LCD colour filters. Thereafter, Toyo Ink Taiwan was dissolved, and the name of the successor entity was changed to Toyo Advanced Science Taiwan.

 

“With this move, the Toyo Ink Group aims to strengthen and deepen its market presence in the Taiwan region by speeding up and reinforcing new product development and customer response time,” said Katsumi Kitagawa, president, Toyo Ink. “In addition, the group is looking to further boost customer and consumer satisfaction while advancing its businesses not only in Taiwan but also those in the China and Southeast Asia region.”

 

Toyo Advanced Science Taiwan engages in the manufacture and sale of colour resist inks for LCDs as well as the import and sale of printing inks, printing-related materials, pigments, optical materials and adhesives.

 

The company was established with a paid-in capital of 600 million Taiwan dollars. Osamu Ohtake, the former president of Toyo Ink Chemicals Taiwan, serves as president of the newly formed entity.

Toyo Ink Group is a leading manufacturer and supplier of a variety of chemical products. Today, the group consists of approximately 70 companies and more than 8,000 employees in 24 countries and areas around the world.