Tosoh established the PVC joint venture, Tosoh (Guangzhou) Chemical Industries, Inc, (TGC) in China in 2005. The first completely Japanese owned company of its kind, the plant has a capacity of 220,000 metric tons per year. The ground breaking ceremony was held on July 22, 2005 in Nansha, Guangzhou, China, adding to the further development of the local economy. TGC proudly announced plant completion in January of 2007.
Investment partners include Tosoh Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd. and Marubeni Corporation, with a total investment of USD 75 and a registered capital of USD 25 million. The business covers the manufacture and sale of PVC as well as related research and development.
TGC represents a integral part of Tosoh’s strategy to link chlor-alkali operations that will span facilities in Japan and Asia. The combined total investment of JPY 47 billion (USD 432 million) will make Tosoh the top manufacturer in Asia for vinyl chloride monomer (VCM) and allow the company to benefit from the strong growing demand in China. VCM is one of the basic raw materials in the production of polyvinyl chloride (PVC), the second largest and most versatile plastic in the world.