Taiheiyo Cement Corporation announces that at an extraordinary board of directors meeting held today approved of the merger of consolidated subsidiaries Nihon Ceratec Co., Ltd. (listed on the Second Section of the Tokyo Stock Exchange) and Celanx KK.
Having received notice that consolidated subsidiaries Nihon Ceratec and Celanx were to merge on October 1, 2005, Taiheiyo Cement came to the conclusion that the merger of the two companies would generate great synergies, thereby accelerating development of the company’s ceramics and electronics businesses and making major contributions to earnings, and accordingly approved the merger.
