Cement News tagged under: Asia Cement Co

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Asia Cement awards new order to KHD Humboldt Wedag

17 February 2020, Published under Cement News

Asia Cement Company Ltd (Korea) of South Korea has awarded KHD Humbold Wedag with a supply and engineering contract for the modernisation of its third clinker production line located close to Jecheon-si, Korea. The target of the upgrade project is to increase the alternative fuel substitution rate to above 85 per cent of calciner fuel, as well as the reduction of NO x to satisfy local emission limits. The commissioning of the modernised production line is planned for the first quarter 202...

Taiwan's Asia Cement joins WCA

16 October 2019, Published under Cement News

Asia Cement of Taiwan has joined the World Cement Association (WCA) as a corporate member. Asia Cement produces 5Mta of cement from its three cement plants in Hsinchu, Hualien and NanHwa, Taiwan. In addition the company operates storage and transportation facilities in Keelung, Taichung, Kaohsiung and Hualien harbours to lower its transportation costs. "As a prominent Taiwanese cement group that shares the WCA's vision of tackling environmental issues together, we are very pleased to be joi...

Asia Cement Co to acquire Halla Cement Corp

15 November 2017, Published under Cement News

Asia Cement Co is preparing to acquire Halla Cement Corp with a reported bid between KRW700bn (US$627m) and KRW800bn, according to Deal Street Asia. The South Korean company Halla Cement operates one integrated cement plant with a cement production capacity of 9Mta. The company reported EBIT of KRW62.8bn in 2016, an increase of 43 per cent YoY. This move will increase Asian Cement’s share of the South Korean market from seven to 20 per cent.

Four-bidder shortlist for Halla Cement stake

19 September 2017, Published under Cement News

Four bidders have been shortlisted for the full stake in South Korea’s Halla Cement, the country’s fourth-largest cement producer. Hong Kong-based Baring Private Equity Asia, the largest shareholder of Halla Cement, and its sales advisor Citigroup Global Market Securities Korea have shortlisted four potential buyers: three strategic investors – Asia Cement Co, Sungshin Cement Co and Aju Corporation Co – and private equity fund LK Investment Partners. Last week a total of six investors ini...