Abstract
Tosoh Corp., Japan's 12th largest chemical company, plans to get bigger in a hurry. In a move that will strengthen both its upstream and downstream petrochemical operations, Tosoh will acquire the remainder of Shin-Daikyowa Petrochemical Co. that it doesn't already own. In the process, it also will acquire all of Yokkaichi Polymer Co. When the deals are completed on Oct. 1, Tosoh likely will move up to the sixth spot on the list of Japanese chemical companies. Tosoh, well known as Toyo Soda Manufacturing before it changed its name in 1987, already owns 46% of Shin-Daikyowa, a large ethylene producer with ambitious expansion plans on its agenda. Those plans mesh well with Tosoh's requirements because Tosoh produces large volumes of polyolefins, as well as vinyl chloride and polyvinyl chloride. It wants a larger, dependable source of ethylene. Meanwhile, Tosoh also will get 100% of Yokkaichi Polymer, which produces high-density polyethylene. Tosoh now owns 55% of ...
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