Three consolidated subsidiaries of Toyota Tsusho Corporation
(Headquarters: Nagoya City; President: Junzo Shimizu) engaged in the
domestic sale of chemical products and synthetic resins in Japan, Tomen
Chemical Co., Ltd., (hereinafter referred to as "Tomen Chemical";
Headquarters: Chiyoda-ku, Tokyo; President: Koji Hatano), Tomen
Plastics Corporation, (hereinafter referred to as "Tomen Plastics";
Headquarters: Chiyoda-ku, Tokyo; President: Hiroshi Hosokawa) and
TOYOTSU PLACHEM CORPORATION (hereinafter referred to as "Toyotsu
Plachem"; Headquarters: Nagoya City; President: Tokuji Kitamura), have
made a joint decision to merge on April 1, 2009, and to adopt the
company name of TOYOTSU CHEMIPLAS CORPORATION (hereinafter referred to
as "Toyotsu Chemiplas").
Purpose of merger
Up to the present, the three companies, Tomen Chemical, Tomen Plastics,
and Toyotsu Plachem, have been undergoing steady progress by pioneering
new markets, offering optimum solutions, and exhibiting efficient
operating capacities in areas such as logistics, in dealing with
a wide range of customers from automotive and non-automotive industries.
The aim of this merger is for the three companies to offer their
respective functional strengths to each other's customers and product
groups, in order to provide a more evolved and wider range of services.
Furthermore, their business domains, information collecting
capabilities, and organizational abilities will become magnified
through this consolidation, enabling the company to carry out
aggressive overseas development and business investment, with the
intention of becoming a top-ranking trading company specializing in
chemical products and synthetic resins.
The new Toyotsu Chemiplas will further strengthen its cooperation with
Toyota Tsusho, and will make every effort to become a value-generating
company that contributes to society through the promotion of
high-value-added business.
Schedule of merger
April 1,2009 Scheduled
day of merger (takes effect)
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April 1,2009 Day for
registration of merger (planned)
