Tosoh Names New President
February 11, 2022
|Tosoh appoints new president|
|MOSCOW (MRC) — Japanese chemicals company Tosoh Corp has appointed Mamoru Kuwada as its new president and representative director, effective 1 March, said the company.|
Kuwada is currently executive vice president of Tosoh and president of Tosoh’s Specialty Group. In his new role, Kuwada succeeds Toshinori Yamamoto, who will become a corporate advisor to the company after the annual general meeting in June.
“Implementation of the company’s fiscal 2023 medium-term business plan will be overseen by a new management team, with the aim of further strengthening its earnings and business foundation and achieving further growth,” Tosoh said.
Tosh is a large chlor-alkali producer and it supplies ethylene, polyethylene, and functional polymers. It also has an advanced materials business that serves the global semiconductor, display, and solar industries.
As MRC informed earlier, Tosoh Corporation, a major Japanese petrochemical producer, has announced it will permanently stop producing and selling toluene diisocyanate (TDI) and TDI-related products from its Nanyo complex in Japan, effective April 2023. Despite the continuous implementation of measures to improve profitability, the environment surrounding this business has become increasingly severe in recent years, and there are no prospects for improvement, the company stated. Tosoh currently produce 25,000 t/y of TDI at the site.
As MRC reported earlier, Tosoh resumed normal production at its caustic soda plant in Nanyo City (Nanyo, Yamaguchi Prefecture, Japan) with the capacity of 1.188 million tons of caustic soda and 1.06 million tons of chlorine per year on June 24, 2021. The company experienced some technical issues when restarting after a scheduled repair. Since June 12, the caustic and chlorine production capacity utilisation was reduced by about 30%.
Founded in 1935, Japan’s Tosoh Corporation, headquartered in Tokyo, is an international chemicals and specialty materials company. The main activity of the company is the production of chlor-alkali and petrochemical products, which include ethylene, propylene, polypropylene, polyethylene and synthetic rubbers. The Tosoh Group globally includes over 130 companies with manufacturing facilities and offices in Japan, China, the Philippines, Indonesia, Singapore, Taiwan, South Korea, Germany, Belgium, Holland, Italy, UK, Greece, Switzerland and the USA.