Tokyo Cement Co (Lanka) incorporates ready-mix subsidiary

The Colombo Stock Exchange has been informed that Tokyo Cement Company (Lanka) PLC is incorporating Tokyo Supermix (Pvt) Ltd, a fully-owned subsidiary.

The Primary objective for setting up the company is for operate manufacturing and distribution of ready-mixed concrete and value added cement products under a separate entity.

Tokyo Cement Company (Lanka) PLC proposes to transfer all the assets and liabilities of the ready-mix operation to the fully owned subsidiary company.