MOSCOW (MRC) -- Tosoh Corporation has established Tosoh China Holdings Co., Ltd. in Shanghai, China, as a regional holding company on 21 March 2018, as per GV.
Tosoh owns and operates eleven consolidated subsidiaries in China, which consist of companies that sell the group's products, and other companies that manufacture and sell polyurethane-related products as well as polyvinylchloride (PVC). As operations expand in China, the companies will gradually be put under the control of Tosoh China.
As MRC informed before, in 2013, Tosoh's proposed restructuring of operations in Nanyo led to a net loss of 320,000 tpa of vinyl chloride monomer (VCM) capacity, thereby tightening feedstock supply to the PVC industry. Almost one year after a fire seriously damaged its complex in Nanyo, Tosoh Corporation (Tokyo, Japan) touted plans to raise output at the site's number 3 vinyl chloride monomer plant. The building phase of the 200,000 t/y capacity expansion was to kick off in November 2013, with completion scheduled for October 2014.
The Tosoh Group comprises over 100 companies worldwide with over 12,000 employees and net sales of JPY 743.0 billion (USD 6.9 billion) in fiscal 2017. The group is one of the largest chlor-alkali manufacturers in Asia. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries.