Jiaxiang Zhengda Carbon Product Co., Ltd. agreed to acquire remaining 55% stake in Jiaxiang Toyo Tanso Co., Ltd. from Toyo Tanso Co., Ltd. for CNY 30 million.
January 25, 2017
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Jiaxiang Zhengda Carbon Product Co., Ltd. agreed to acquire remaining 55% stake in Jiaxiang Toyo Tanso Co., Ltd. from Toyo Tanso Co., Ltd. (TSE:5310) for CNY 30 million on January 26, 2017. Board of Directors of Toyo Tanso Co., Ltd made a resolution in favor of the transaction on January 26, 2017. The transaction is expected to close in mid-2017.
Toyo Tanso Co Ltd is a Japan-based company mainly engaged in the manufacture, processing and sale of carbon products in highly functional fields using isotropic graphite material. The special graphite products include crucibles and heaters for single crystal silicon pulling furnaces, susceptors for metal organic chemical vapor deposition devices, boats for liquid phase epitaxial equipment, continuous casting dies, electric discharge machining electrodes, electrodes for ion implantation equipment, glass sealing jigs, core materials for high-temperature gas reactors, reactor wall materials for fusion reactors. The general carbon products include bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes for vacuum cleaners and large motor brushes. The composite materials and other products include furnace wall materials for nuclear fusion reactor, automotive gaskets and materials for manufacturing solar cell.
TOYO TANSO CO., LTD. 
