2011
Announcement of Establishment of a Subsidiary
Announced: Jun. 8, 2011
Published: Jun. 9, 2011
TOYO INK SC HOLDINGS CO., LTD. (Representative: Katsumi Kitagawa, President & Representative Director; Head Office: Chuo-ku, Tokyo; hereafter, the “Company”) has determined that it will establish TOYO SC TRADING CO., LTD. (hereafter, “TOYO SC TRADING”) as a subsidiary that will work as a general trading company for the Toyo Ink Group. Details are as follows:
1. Purpose of establishment
Under its current long-term plan, SCC2017 vision, Tokyo Ink Group is pursuing its aspiration of “evolving into a globally useful specialty chemical manufacturer.” To earn a global reputation as a science-oriented group of companies, the Group is currently undertaking comprehensive structural reforms under the SCC-II medium-term management plan, which was adopted as the second phase of SCC2017.
The new company will cooperate with Group companies in Japan and overseas (including sales companies and manufacturing companies) to undertake imports and exports of products from Group companies such as TOYO INK CO., LTD. and TOYO CHEM CO., LTD., raw materials, indirect materials, and facilities in an integrated manner. By integrating the import and export operations, which were formerly undertaken separately by individual Group companies, into this new subsidiary, the Group aims to create a global synergy network and undertake procurement and sales activities efficiently.
In addition, the Company positions TOYO SC TRADING as a general trading company, which is actively introducing globally competitive products from Group companies in China and other Asian countries into promising emerging markets in Russia, Central and South America, and Africa, while providing comprehensive support to the overall process of establishing bases, procuring materials, and creating sales channels in those emerging markets based on research. Thus, TOYO SC TRADING is expected to accelerate globalization of the Group and serve as the driving force in achieving the SCC2017 targets.
2. Summary of the new company
| Trade name |
TOYO SC TRADING CO., LTD. |
| Representative |
Kazunori Kasahara, President & Representative Director
(Managing Director of TOYO INK SC HOLDINGS CO., LTD.) |
| Location of head office |
3-13, Kyobashi 2-chome, Chuo-ku, Tokyo 104-0031 JAPAN |
| Share capital |
100,000,000 yen
(A wholly owned subsidiary of TOYO INK SC HOLDINGS CO., LTD.) |
| Total number of shares issued |
2,000 shares |
| Major business |
Imports and exports of raw materials, products, facilities, etc. and business development for Toyo Ink Group |
| Date of establishment |
July 1, 2011 |
| Date of commencement of operation |
July 1, 2011 (tentative) |
| Date of settlement |
March 31 |
| Number of employees |
30 persons (tentative) |
| Website |
http://www.toyo-sc-trading.com |
3. Prospects in the SCC-II period
The new company aims to achieve sales of approx. 30 billion yen from both within and outside of the Group as of the end of the period for the SCC-II medium-term management plan of the Toyo Ink Group (March 2014).
• Inquiries
Aviv Haruta
Corporate Communication Group
TOYO INK SC HOLDINGS CO., LTD.
TEL +81-3-3272-5720
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Update: Jun. 9, 2011
