Taiyo Lucid Pvt. Ltd. is renamed as a Taiyo Kagaku India Pvt. Ltd.

We would like to inform you about a name change of Taiyo Lucid (TLPL) to Taiyo Kagaku India (TKI).

To produce Sunfiber the companies Taiyo Kagaku (Japan) and Lucid (India) created a joint venture in Aurangabad, India called Taiyo Lucid Pvt. Ltd. (TLPL). Taiyo Kagaku and Lucid owned 40% each of the shares on TLPL. Recently, the law in India changed and it became allowed for foreign companies to own the food based companies.

In 2018 Taiyo Kagaku bought the full 40% shares of Lucid and became the main shareholder of TLPL. As a result of this takeover, the name of Taiyo Lucid Pvt. Ltd. Has been changed to Taiyo Kagaku India Pvt. Ltd (TKI).

This name change has officially already happened with effect from 07th January 2019 as per approval from Registrar of Companies, India.
All the manufacturing facilities, equipment, manufacturing processes and all other operations remain the same. Dr. T.P. Rao deputed from Taiyo Japan become the head of unit and he will be based in Aurangabad.

The production of all kinds of Sunfiber is not affected by this takeover and Taiyo Kagaku India began to change all the certificates and documents in its name.

Best regards,