Toyo Ink SC Holdings Co., Ltd. has announced that, effective January 1, 2015, it merged two wholly-owned subsidiaries Toyo Ink Chemicals Taiwan Co., Ltd. and Toyo Ink Taiwan Co., Ltd. into a single operating entity. The reorganisation also resulted in a name change of the newly formed company and a relocation of its head office.
The merger entailed the absorption of Toyo Ink Taiwan, which imported and sold Toyo Ink Group colour and functional materials, polymers and coatings, into the structure of the successor company Toyo Ink Chemicals Taiwan, which manufactured and sold resist inks used for LCD colour filters. Thereafter, Toyo Ink Taiwan was dissolved, and the name of the successor entity was changed to Toyo Advanced Science Taiwan Co., Ltd.
With this move, the Toyo Ink Group aims to strengthen and deepen its market presence in the Taiwan region by speeding up and reinforcing new product development and customer response time. In addition, the Group is looking to further boost customer and consumer satisfaction while advancing its businesses not only in Taiwan but also those in the China and Southeast Asia region.
This merger is between two wholly-owned subsidiaries of Toyo Ink SC Holdings and, therefore, has no impact on the company’s consolidated business performance.