In September 2015, Tosoh Corporation successfully completed a tender offer to purchase additional shares of MVC through the Philippine Stock Exchange. This enabled Tosoh to increase its ownership to 87.9748% from 39.92%.
Tosoh Corporation is a Japanese chemical and specialty products and materials group that comprises over 140 companies worldwide and a multi-ethnic workforce of more than 11,500 people. It is also the largest chlor-alkali producer in Japan. Tosoh’s principal markets include chemical and petrochemical, construction, automotive, consumer electronics, information technology, bioscience and environmental markets.
Tosoh was established in 1935 and in the 80 years that it has been in business, Tosoh has built balanced product lines of commodity chemicals for industry and of specialty products and materials for high technology and niche markets.
Tosoh is ranked no. 44 in the global chemical industry with total sales of US$7.7Billion.