Cement News tagged under: Ssangyong Cement
Ssangyong Cement order fourth KHD Pyrorotor®22 August 2022, Published under Cement NewsSsangyong Cement C&E Company Ltd has ordered another KHD’s Pyrorotor ® for its Donghae plant in South Korea. Ssangyong Cement C&E Company Ltd (Korea) awarded another supply and engineering contract to Humboldt Wedag GmbH for the modernisation of clinker production line five of the Donghae plant. This project marks the fourth Pyrorotor® installation at the Ssangyong plant. The Pyrorotor ® will enable Ssangyong to continuously achieve a thermal substitution rate (TSR) above 85 ... |
A TEC completes Ssangyong Cement Redudust® order13 January 2022, Published under Cement NewsSsangyong Cement Ind Co Ltd has teamed up with A TEC Production and Services GmbH from Austria to install A TEC’s innovative ReduDust ® process in its plan in Donghae, South Korea. The process will recover salts from the dust and produce bypass dust free of these components, which can be re-used and does not need to be deposited anymore. The ReduDust plant for Donghae has a bypass dust treatment capacity of 35,000tpa and was commissioned in the 2Q21. The scope of supply for... |
Ssangyong Cement set to change company name24 February 2021, Published under Cement NewsSouth Korea’s Ssangyong Cement will change its company name to SsangYong C&E. The new name, which takes the first letters of cement and environment, reflects the company’s desire to promote environment-friendly values, according to the company. The change will be finalised at a regular shareholders meeting on 25 March. "For the past 60 years, we have led Korea’s cement industry and contributed to the country’s industrialisation and economic development. With the know-how we have gathered ... |
South Korean producers sign agreeement to reduce NOx emissions11 June 2020, Published under Cement NewsSouth Korea’s nine cement producers have agreed to work with the Ministry of Environment to lower NO x emissions, according to The Korea Times. Representatives of companies including Sungshin Cement and Hanil Cement, alongside officials from the ministry and the National Institute of Environmental Research, gathered at Ssangyong Cement's factory in Donghae, Gangwon Province, to sign the partnership. Cement production generates the second-highest amount of NO x emissions in the country, ... |
South Korea: new strategies13 March 2019, Published under Cement NewsAs South Korea’s economy dips and government policies negatively influence infrastructure plans, the country’s cement industry remains at overcapacity amid stagnant levels of demand. Moving forward, producers must find new strategies to operate competitively in this challenging market. By Manas Tamotia, LEK Consulting, Singapore. With South Korean cement plants mainly located in the central and eastern coastal areas, cement producers face high distribution costs to deliver their pr... |
Ssangyong Cement to look for new owners?25 February 2019, Published under Cement NewsThis week the potential for further consolidation in South Korea's cement market was heightened when Asia Today reported that Hahn & Co Cement Holdings could be looking to sell its 77.44 per cent majority share ownership in Ssangyong Cement later this year. The latest development in South Korea's cement sector consolidation comes amid increasingly challenging market conditions. Falling cement demand South Korea's cement demand fell by 11 per cent in 2018, according to analysts Mira... |
Sell-off Ssangyong Cement on the cards19 February 2019, Published under Cement NewsPrivately-held investment fund company Han & Co, is expected to sell off Ssangyong Cement in the second half of this year, according to Asia Today. The minimum sales amount is estimated to be KRW2.5trn (US$2.22bn). HanCo Cement Holdings holds a 77.44 per cent stake in Ssangyong Cement after becoming a majority shareholder in 2016. Upon acquisition Ssangyong Cement included car electric parts, parts and oil distribution businesses by HanCo restructured the business around cement and impro... |
South Korea: six cement producers fined05 January 2016, Published under Cement NewsSix local cement makers have been fined a combined KRW199.4bn (US$167.6m) for fixing the prices of cement products and divvying up the market by South Korea's antitrust watchdog, the Fair Trade Commission (FTC). The charged companies are: Ssangyong Cement Industry Co, Tongyang Cement & Energy Corp, Hanil Cement Co, Sungshin Cement Co, Hyundai Cement Co and Asia Cement Co. These cement producers have allegedly colluded on cement prices by controlling output and market share in 2011, accordi... |
Hahn & Company to buy Ssangyong Cement30 December 2015, Published under Cement NewsHahn & Co, Korea’s leading private equity group, has been selected as the preferred bidder for a 46.14 per cent stake in Ssangyong Cement. Hahn & Company already owns part of the company's stake so its actual target will be 36.8 percent. Ssangyong Cement was put on sale in October 2015. Hahn & Company and Hanil Cement were the strongest contenders, but the private equity fund was known to outbid the competition in the final round. The market value for the stake plus management rights is est... |
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