Toagosei : Announces the Establishment of a New Company in China
May 16, 2023
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May 17, 2023
Toagosei Co., Ltd.
Toagosei Announces the Establishment of a New Company in China
Toagosei Co., Ltd. (President: Mikishi Takamura) hereby announces that we have established TOAGOSEI（SHANGHAI）MANAGEMENT CO., LTD. (hereinafter "the New Company"). The purpose
of establishing the New Company is to expand our business in China and to enhance our management structure as a group.
Purpose of Establishing the New Company
Our group has defined expansion of overseas net sales as one of our basic policies in our Leap Forward to the Next 2025 medium-term management plan for 2025. We have established the New Company to enhance our business structure in China as a part of that. This will allow us, for example, to strengthen our existing business and develop new customers in China as well as to consolidate our management operations.
Overview of the New Company
(1)
Name:
TOAGOSEI（SHANGHAI）MANAGEMENT CO., LTD.
(2)
Location:
Shanghai, China
(3)
Representative:
Ichiro Igarashi, Chairman (Executive Officer of
Toagosei Co., Ltd.)
Business areas:Sales and development of the Toagosei Group's
products, and provision of shared services to group companies in
China
(5)
Capital:
500 million yen
(6)
Date of establishment:
May 9, 2023
(7)
Investment ratio:
100% by Toagosei Co., Ltd.
3. Future Outlook
The impact on our business performance in this fiscal year (FY2023) from the establishment of the New Company will be minor.
＜Contact information＞ CORPORATE COMMUNICATION DEPARTMENT e-mail address：irpr＠ toagosei.co.jp
Toagosei Co. Ltd. published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 06:31:40 UTC.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.
TOAGOSEI CO., LTD. 
