A new Ecocement plant is planned for the Tama area. Taiheiyo Cement Corporation and Ebara Corporation have concluded a 27.18bn yen contract with Tokyo Santama Area Regional Association of Waste Disposal. Taiheiyo-Ebara Consortium has also signed a long-term contract for the plant's operation and maintenance as well as the marketing of the product for 20 years, at an additional value of 53bn yen. The new business will be incorporated under the name of Tokyo Tama Ecocement Inc and has a capital of 10m yen with Taiheiyo holding 90 per cent of the share capital and the remainder held by Ebara.