The reorganization includes a name change of the newly formed company and a relocation of its head office.
Inks and coatings for the F&B industry
Nancy Ikehara, corporate communications, Toyo Ink Group, told FoodProductionDaily the company manufactures inks and coatings for the food and beverage industry.
“Our strength lies in high end packaging such as retort, metal can coatings and packaging gravure, particularly in markets in Asia and flexo for the US market,” she said.
The merger sees the absorption of Toyo Ink Taiwan, which imported and sold Toyo Ink Group color 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 color filters.
Toyo Advanced Science Taiwan
Toyo Ink Taiwan has now been dissolved and renamed Toyo Advanced Science Taiwan.
Katsumi Kitagawa, president, Toyo Ink Group said the restructure will strengthen and deepen its market presence in the Taiwan region by speeding up and reinforcing new product development and customer response time.
He said the group is also looking to further boost customer and consumer satisfaction while advancing its businesses not only in Taiwan but in China and Southeast Asia region.
Toyo Advanced Science Taiwan manufactures and sells color resist inks for LCDs as well as the import and sale of printing inks, printing-related materials, pigments, optical materials and adhesives.
The company was established in the Zhongshan District of Taipei City.
Osamu Ohtake, the former president of Toyo Ink Chemicals Taiwan, serves as president of the newly formed entity.
The merger is between two wholly-owned subsidiaries of Toyo Ink SC Holdings and has no impact on the company’s consolidated business performance.