# Tokuyama to acquire Sumitomo Chemical's stake in SHINDAI-ICHI VINYL

Tokuyama Corporation will acquire the 14.5% equity interest in SHINDAI-ICHI VINYL CORPORATION held by Sumitomo Chemical, making it a wholly owned subsidiary. The effective date is planned for April 1, 2023.

- Type: Acquisition
- Announced: 2023-03-09
- Where: Japan
- Status: announced
- Products: vinyl chloride resin, PVC paste resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sumitomo Chemical](https://endata.com/companies/20503.md) (partner)
- [Tokuyama Corporation](https://endata.com/companies/33403.md) (acquirer)
- [SHINDAI-ICHI VINYL CORPORATION](https://endata.com/companies/69031.md) (target)

## Sources

- [tokuyama.co.jp](https://www.tokuyama.co.jp/eng/news/2022/2023030901.html), 2023-03-09: "Tokuyama Corporation today announced details of its decision to acquire the 14.5% equity interest in SHINDAI-ICHI VINYL CORPORATION held by Sumitomo Chemical"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.