Cement News tagged under: Lafarge Halla Cement

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South Korea: Hyundai Cement auction set to raise KRW600bn

09 December 2016, Published under Cement News

The auction of Hyundai Cement, preliminary bidding of which is scheduled for 16 December, is set to attract bids from multiple prospective buyers, with the assets expected to fetch up to KRW600bn (US$515m), reports Korea’s Pulse. Hyundai Cement currently supplies seven per cent of the domestic market, and the company’s location in the country’s interior makes it particularly attractive to Korea’s coastal cement producers, Ssangyong Cement Industrial Co, Tongyang Cement & Energy Co, and La...

Glenwood PE to acquire Lafarge Halla

18 March 2016, Published under Cement News

South Korea’s Glenwood Private Equity (PE) has inked a deal to acquire Lafarge Halla Cement Corp. from LafargeHolcim Ltd. for about KRW630bn (US$542m), said the company Thursday. LafargeHolcim said it expects to close the sale of Lafarge Halla, Korea’s fifth-largest cement producer, in the 2Q16, subject to final approvals. The sale follows several other ownership changes in the South Korean cement market as producers battle with slack cement demand resulting in some companies relying on...

Glenwood PE & Baring Private Equity Asia reportedly make bid for Lafarge Halla Cement

15 February 2016, Published under Cement News

South Korea’s private equity fund Glenwood Private Equity and Hong Kong-based private equity fund Baring Private Equity Asia are to buy Lafarge Halla Cement Corp (South Korea) from LafargeHolcim Ltd for around KRW550bn (US$455.1m), report local media. According to investment bank industry sources on Friday, Glenwood PE, a preferred bidder of Lafarge Halla Cement, has notified LafargeHolcim, the largest shareholder of the Korean cement producer, that it selected Baring Private Equity Asia as...

LafargeHolcim planning potential disposal in South Korea

22 January 2016, Published under Cement News

Glenwood Private Equity is in talks to buy South Korea-based Lafarge Halla Cement in cooperation with Eugene Group, the country’s largest ready-mixed concrete manufacturer, and Sungshin Cement, another Korean cement maker. According to sources on Wednesday, LafargeHolcim Ltd, the majority shareholder of Lafarge Halla Cement, recently named Glenwood Private Equity as a preferred bidder for the cement business. The deal is estimated to be valued at somewhere between KRW500-600bn (US$417m-500...

Concerns raised by South Korean imports of Japanese coal

23 October 2014, Published under Cement News

Lee In-young, an opposition spokesman for the New Politics Alliance for Democracy party and member of the National Assembly's Environment Labour Committee, has raised concerns over radioactive-contaminated coal bought by South Korean cement firms.   The  Environment Ministry received data that between 2011 to 2013 Sangyong Cement Industrial, Tongyang Cement and Energy, Lafarge Halla Cement and Hanil Cement received waste coal from the Japanese government, which was used in the production ...

Lafarge looking to sell South Korean unit

12 December 2012, Published under Cement News

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 Korean online media Edaily. The company is said to have chosen US-based Lazard and HSBC’s South Korean unit as managers for the sale. Lafarge operates one integrated cement works and two grinding plants in South Korea with a combined cement capacity of 9.6Mta. In 2011, it had an approximate ma...