2022 ASI Top 20: Toagosei Group
The ASI Top 20 incorporates financial data and additional details from multiple sources. (Image courtesy of gremlin via gettyimages.com.)
Toagosei Group’s Adhesive Material segment comprises five main companies: Aron Packaging Co., Ltd.; Toagosei America Inc.; Elmer’s & Toagosei Co.; Toagosei (Zhuhai) Ltd.; and Toagosei Hong Kong Ltd. The segment produces instant adhesives (including the Aron Alpha and Krazy Glue brands), as well as functional adhesives (including reactive, hot-melt, and light-cure products) for applications in automotive, electronics, and other industries.
The Adhesive Material segment saw net sales increase by 13% in 2021, reaching almost ¥11.4 billion (approximately $89.2 million). Revenue for instant adhesives in both consumer and industrial markets increased, as did that for functional adhesives. Toagosei is forecasting a 4.7% increase in net sales for the segment in 2022.
No. 19 | Toagosei Group
Tokyo, Japanwww.toagosei.co.jp
President and CEO: Miki Takamura
Sources: annual report, investor presentation, company website, press release
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