Global Cement Report

South Korea

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Relatively benign economic conditions and a moderate growth scenario currently typifies the South Korean situation. However, a continuing slight decline in cement demand highlights the impact of stagnating nationwide construction that will need jump-starting by government planners to avoid further and more pronounced slippage.

Cement Plants

Country Research

Taiheiyo Cement full-year pretax profit seen beating estimates
09 May 2013
Japan’s leading cement producer, Taiheiyo Cement Corp, is expected to have posted a 70 per cent YoY rise in pretax profit for the fiscal year to the end of March 2013. Net profit is expected to ...
South Korean cement producers to withdraw price hikes
24 April 2013
Major cement producers in South Korea have withdrawn price rises announced earlier in 2013 and will maintain current prices for a year. Manufacturers such as Tongyang Cement, Hanil Cement and S...
South Korean cement producers face cartel probe
10 April 2013
Seven cement producers in South Korea are being investigated by the country’s Fair Trade Commission for alleged price collusion. According to local press reports, the commission sent its invest...
Lafarge
04 March 2013
Lafarge's turnover increased by 3.5 per cent in 2012 to EUR15,816m and the EBITDA improved by 7.2 per cent to EUR3450m. The trading profit showed a 12 per cent recovery EUR2440m and net financial ...
Lafarge improves operational performance
25 February 2013
Full-year 2012 results published by global cement major Lafarge showed strong growth in emerging markets and improvements in operational performance, and it now expects to meet most of its cost-cu...
South Korean producers to initiate cement price hike
31 January 2013
Leading cement producers in South Korea are set to initiate a cement price increase from next month in an effort to offset rising production costs. Notification has been sent stating that the p...
On the road to progress
21 January 2013
Thatta Cement is in the process of implementing a two-phase plant modernisation programme that will result in increased cement capacity, a captive power plant and a new waste heat generation syste...
Lafarge looking to sell South Korean unit
12 December 2012
Lafarge is seeking to sell its majority stake in South Korean unit Lafarge Halla Cement for KRW700bn (US$650m) and is currently searching for buyers, according to a report by Reuters citing South ...