Feb 27 2004
Tosoh have increased their share in the Philippine’s top PVC manufacturer, Philippine Resin Industries Inc. They accomplished this by acquiring 30% of the outstanding shares from Mitsubishi Corp., taking their share to 80%.
Philippine Resin Industries was established in 1996 at which time it had a 70,000 tons per year capacity. This was increased to 90,000 in 2001. It is expected that debottlenecking will further increase capacity to 100,000 tons in May this year.
Tosoh’s acquisition of an increased share in the PVC manufacturer is consistent with their strategy of maintaining their dominant position as a supplier of chlor-alkali products in Asia. To this end they have also been increasing capacity and competitiveness to meet demand in the Asian region.
For more information on PVC, click here.