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    4043   JP3625000009

TOKUYAMA CORPORATION

(4043)
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Tokuyama : Chemical maker Tokuyama to set up high-purity IPA venture in Taiwan

09/27/2020 | 11:08pm EDT

Chemical maker Tokuyama Corp. will set up a fifty-fifty joint venture in Taiwan with a local firm to manufacture high-purity isopropyl alcohol, expecting growing demand for the chip-cleaning solution in the expanding semiconductor market there.

Formosa Tokuyama Advanced Chemicals Co. is scheduled to be established in Kaohsiung in October, with Formosa Plastics Corp. investing half of the capital NT$1 billion (US$34 million), the Tokyo-based company said Friday.

The joint venture is expected to start manufacturing high-purity IPA in January 2022 for the local market, with a capacity of 30,000 tons per year, using the partner's propylene as a raw material, a Tokuyama official told NNA.

Tokuyama set up a local unit, Taiwan Tokuyama Corp., in 1996 to supply local chipmakers with its high-purity IPA, using near-complete products from Japan, while the new venture will have an integrated production system, procuring a raw material in Taiwan, according to the official. (NNA/Kyodo)

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
FORMOSA PLASTICS CORPORATION -1.90% 103.5 End-of-day quote.7.37%
TOKUYAMA CORPORATION -1.42% 2291 End-of-day quote.-1.12%
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Financials
Sales 2021 298 B 2 717 M 2 717 M
Net income 2021 24 932 M 227 M 227 M
Net Debt 2021 22 417 M 204 M 204 M
P/E ratio 2021 6,41x
Yield 2021 2,88%
Capitalization 165 B 1 502 M 1 503 M
EV / Sales 2021 0,63x
EV / Sales 2022 0,62x
Nbr of Employees 5 679
Free-Float 92,7%
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Technical analysis trends TOKUYAMA CORPORATION
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Consensus
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Mean consensus BUY
Number of Analysts 5
Average target price 3 018,00 JPY
Last Close Price 2 291,00 JPY
Spread / Highest target 43,6%
Spread / Average Target 31,7%
Spread / Lowest Target 4,76%
EPS Revisions
Managers and Directors
NameTitle
Hiroshi Yokota Executive President & Representative Director
Yoshinori Kashiwabara Head-Finance
Fumiaki Iwasaki Director, Managing Executive Officer, Manager-R&D
Shin Kato Independent Outside Director
Yuzo Kawamori Independent Outside Director
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