Cement News tagged under: Tong Yang Cement Corp
South Korea: Investors in Tong Yang Cement fear capital cut22 November 2013, Published under Cement NewsTong Yang Cement, which is currently under a court receivership, may slash its capital on a large scale to offset losses in prior years, according to a Reuters report. It is rumoured that the troubled cement producer will soon determine whether capital reduction will be executed and how much capital will be erased. Tong Yang Inc, a holding company of Tong Yang conglomerate, sold debt worth KRW157bn (US$147m) during July-September via a special-purpose company using Tong Yang Cement's ass... |
Tong Yang sells waste heat recovery plant, South Korea04 September 2013, Published under Cement NewsSouth Korea-based cement producer Tong Yang Cement Corporation has sold a waste heat recovery plant to Samcheok Energy, a company invested by a private equity fund run by Macquarie Korea Opportunities Management, Ltd. The acquisition was made for a consideration of KRW40,000m. Tong Yang Cement is one of South Korea's largest cement producer by capacity. Its major plant at Samcheock has seven NSP precalciner kilns and five mills, capable of around 10Mta cement, with another 10 per cent a... |
Page
1
of
1
1