Dec 18, 2009. Sumitomo Forestry Crest and Toyo Plywood, both subsidiary companies of Sumitomo Forestry, would merge from March, 2010.

Sumitomo Forestry Crest, Toyo Plywood to merger

Dec 18, 2009. /Lesprom Network/. Sumitomo Forestry Crest (Crest) and Toyo Plywood, both subsidiary companies of Sumitomo Forestry, would merge from March, 2010, ITTO reported. Crest will be the surviving company but the Toyo plywood brand name "Topura" will be still be used after the merger. Both companies are plywood manufacturers but, because of the weak demand for building materials the merger will allow for streamline of administrative functions. The surviving entity will target some Yen 39 billion ($432 million) in sales by 2012.