金沙总站4066

R金沙总站4066o Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman & CEO: Kiyoshi Otsubo) announces that its Board of Directors has decided to acquire another 46% of shares issued by Sun･Tox Co., Ltd.—an affiliated company of R金沙总站4066o that is 80% owned by Tokuyama Corporation and 20% by R金沙总站4066o—from Tokuyama Corporation on October 1, 2020 (planned), making Sun･Tox a R金沙总站4066o subsidiary.
This acquisition of sha金沙总站4066s is subject to the approval pertaining to the Antimonopoly Act from the Japan Fair Trade Commission.
Sun･Tox is a plastic film manufacturer with production locations in Itako-shi, Ibaraki Prefecture and Shunan-shi, Yamaguchi Prefecture. It is a major film supplier of the R金沙总站4066o Group for many years. In October 2015, R金沙总站4066o subscribed for an allocation of new shares to a third party by Sun･Tox. Since then, R金沙总站4066o has worked jointly with Tokuyama Corporation to str金沙总站4066then and develop Sun･Tox's plastic film business.
Through the acquisition of this subsidiary, the R金沙总站4066o Group will further str金沙总站4066then collaboration with Sun･Tox and as “General Packaging Industry (GPI) R金沙总站4066o,” seek to further enhance its flexible packaging business which is one of its six core business fields.