Strategic Sri Lankan tie-up

Sri-Lanka based Fuji Cement, a subsidiary of Tokyo Cement which functions as an independent company, is to merge with its parent company and become a single entity with effect from February 2015.

Following the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go proceed.

Tokyo Cement is a joint venture between Nippon Coke & Engineering (formerly Mitsui Mining) and the local St Anthony's Industries. The company operates a grinding plant at Trincomalee, a port city on the east coast of Sri Lanka.