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07 February, 2013 07:37 AM Source:

Sri Lanka based Tokyo Cement has established a fully owned subsidiary to manufacture cement, tile cement products, cement value added products and also to build, operate and manage a Biomass Power Generation Plant.

The new company, which is named as, Eastern Cement Company Limited will be ready for operations within a period of 36 months and would cost the firm, approximately Rs. 8 billion.

According to a stock market disclosure, the Eastern Cement Company is a BOI approved venture and will be entitled to fiscal and tax incentives for a period of five years. more...

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