Toyo Ink SC Holdings Merges Two Taiwan Subsidiaries
TOKYO – Tokyo-based Toyo Ink SC Holdings Co. Ltd. has merged two wholly owned subsidiaries, Toyo Ink Chemicals Taiwan Co. Ltd. and Toyo Ink Taiwan Co. Ltd., into a single operating entity. The reorganization 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 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. Thereafter, Toyo Ink Taiwan was dissolved, and the name of the successor entity was changed to Toyo Advanced Science Taiwan Co. Ltd.