Lixil Corporation is formed

Tostem, Inax, Shinnikkei, SunWave and Toex, five companies belonging to the well-known Japanese construction materials group JS Group Corporation, have finalised an important merger bringing them together under the umbrella of Lixil Corporation as of 1 April 2011. The new corporation will have a consolidated turnover of 12,5 billion dollar and around 60,000 employees. Thanks to the synergies established between the individual companies, it will be able to offer the market new high-value services and solutions and will face the twin challenges of catering for growth both in international markets (principally in Asia) and in the remodelling market. Its immediate focus will be on developing products that meet the specific needs of emerging countries and on attention to the environment.

For this purpose, Lixil will work with a company operating in the recycling sector so as to broaden its line of products manufactured using energy and water saving processes, promote resource recycling and expand its activities in the field of clean energy development.