Tokyo, Japan—Tosoh Corporation announces that it will cease its production and sale of sodium sulfate.
Tosoh launched its production of sodium sulfate in 1988 and ever since has been committed to ensuring a stable supply of and to expanding its business operations for that product. The business environment for sodium sulfate, however, has become increasingly challenging in recent years.
Despite Tosoh’s efforts to enhance the profitability of its sodium sulfate business, including various business reforms and price adjustments, the company foresees no improvement in the product’s business environment. Tosoh has therefore decided to exit from the sodium sulfate business and plans to cease its production of sodium sulfate by the end of September 2024.
Details are as follows:
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Facility ceasing production
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Sodium sulfate manufacturing facility (located within Tosoh’s Nanyo Complex)
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Production capacity
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24,000 tons per year
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Production cessation date
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End of September 2024 (planned)
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Sales cessation date
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End of December 2024 (planned)
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TOSOH CORPORATION
Who We Are
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 14,000 people. It generated net sales of ¥1,064.4 billion (US$7.9 billion at the average rate of ¥135.5 to the US dollar) in fiscal 2023, ended March 31, 2023.
What We Do
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.