1990-

Plant of Xi'an Huida Chemical Industries Co., Ltd. (Phase 1)
Plant of Xi'an Huida Chemical
Industries Co., Ltd. (Phase 1)
In 1990, we established Chiral Technologies Inc. as a foothold in the optical isomer separation business in the U.S.A. In 1995, we established Chiral Technologies Europe S.A.S. in France as our foothold in Europe. In 1996, we constructed a Chiral SMB method pilot facility in our Arai Plant and entered the optical isomer separation business full-scale. In 1992, we established the Functional Products Development Center (currently the R&D Center) in our Ohtake Plant to promote the development of functional chemicals.

Regarding cellulosic derivatives, in 1992 we established Xi'an Huida Chemical Industries Co., Ltd. in China as a joint venture for the production and sale of acetate tow for cigarette filters and launched a project to produce cigarette filters for China.

In 1994, we established Shanghai Da-shen Cellulose Plastics Co., Ltd. in China as a joint venture for the production and sale of celluloid and acetate plastics, and we transferred our technologies to this company. As a result, we discontinued production of celluloid in Japan, a business that had been in continuous operation since the establishment of our company.

For our plastics business, we established the Hirohata Plant in our Himeji Production Sector in Hyogo Prefecture in 1993 in order to introduce polystyrene production. For our resin compound business, we established Shanghai Daicel Polymers, Ltd. in 1994 as part of our full-scale development in Asia. In addition to Taiwan, Polyplastics Co., Ltd. established Polyplastics Asia Pacific Sdn. Bhd. in Kuala Lumpur, Malaysia, in 1997 and further developed the polyacetal resin business in the Asia-Pacific region.

After that, the polystyrene business was no longer profitable. In 1999, therefore, the polystyrene industry was reorganized. More specifically, Denki Kagaku Kogyo K.K., Nippon Steel Chemical Co., Ltd., and our Company cooperated to establish Toyo Styrene Co., Ltd. and are now striving to ensure the cost competitiveness of the company.
Significant events of that era
1990: Unification of East Germany and West Germany
Following 45 years of partition resulting from the aftermath of World War II, Germany was reunified at midnight on October 3. Since East Germany was incorporated into West Germany, East Germany disappeared and a vast country with a population of 80 million people was created in the heart of Europe.
1995: Great Hanshin Earthquake
At 5:46 a.m. on January 17, an earthquake with a severe vertical shock of magnitude 7.2 hit the Kinki district. The epicenter of the earthquake was Awaji Island. In Kobe and Sumoto, the earthquake registered 7 on the Japanese seismic scale, and urban foundations were almost destroyed.
1995: The WTO is inaugurated.
When the Uruguay Round of GATT (the General Agreement on Tariffs and Trade) concluded, the WTO (World Trade Organization) was established to succeed GATT. While GATT was a temporary agreement, the WTO is an organization associated with the United Nations. Since the WTO is a corporation, the system was greatly enhanced.
1999: Euro currency is introduced.
The Euro was introduced as the common currency for all EU countries. Of the 15 EU countries, 11 countries were the first to adopt this currency.