Toyo Tanso Co., Ltd. (TSE:5310) agreed to acquire additional 42.2% minority stake in Toyo Tanso Taiwan Co., Ltd. on December 16, 2020. Under the term, Toyo Tanso will acquire 0.79 million shares of Toyo Tanso Taiwan Co., Ltd. Post completion, Toyo Tanso will hold 97.2% stake in Toyo Tanso Taiwan Co., Ltd.
Toyo Tanso Co., Ltd. (TSE:5310) completed the acquisition of additional 42.2% minority stake in Toyo Tanso Taiwan Co., Ltd. on January 28, 2021.
Toyo Tanso Co Ltd is a Japan-based company mainly engaged in the manufacture, processing and sale of carbon products in highly functional fields using isotropic graphite material. The special graphite products include crucibles and heaters for single crystal silicon pulling furnaces, susceptors for metal organic chemical vapor deposition devices, boats for liquid phase epitaxial equipment, continuous casting dies, electric discharge machining electrodes, electrodes for ion implantation equipment, glass sealing jigs, core materials for high-temperature gas reactors, reactor wall materials for fusion reactors. The general carbon products include bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes for vacuum cleaners and large motor brushes. The composite materials and other products include furnace wall materials for nuclear fusion reactor, automotive gaskets and materials for manufacturing solar cell.