Cement News tagged under: South Korea

RSS feed

A TEC completes Ssangyong Cement Redudust® order

13 January 2022, Published under Cement News

Ssangyong 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...

South Korea's cement producers plan 18% price rise

05 January 2022, Published under Cement News

Major cement manufacturers in South Korea will be implementing a further rise in wholesale prices as the construction industry in the Asian country gathers pace, according to Maeil Business Newspaper. This follows a 5.1 per cent price rise from KRW75,000 (US$62.63)/t in July 2021, the second rise in a year following a price freeze since 2014. Ssangyong C&E has decided to lift the price of its first-class bulk cement to KRW93,000/t from February, representing an 18 per cent hike when compare...

South Korea’s shift to neutral

20 July 2021, Published under Cement News

The rapid capacity build-up of South Korea’s cement industry over the 1980s-1990s came to a sudden end in 1997. Since then the sector has shifted its investment focus to the sustainable production of cement, supported by the government’s drive towards carbon neutrality by 2050. By Korean Cement Association, South Korea. If South Korea’s government maintains its economic stimulus policy and announces construction-friendly real estate policies, cement demand is forecast to reach more...

BMH Technology wins high-capacity waste shredding order

23 April 2021, Published under Cement News

BMH Technology Oy will supply three waste shredding lines to SsangYong C&E's plants in Donghae and YeongWol, South Korea. The lines will produce high-quality solid recovered fuel (SRF) to kilns and boilers used in cement production.   Each line includes a TYRANNOSAURUS ® FineScreen and air classifier for separating impurities. Altogether, the delivery contains five high-capacity TYRANNOSAURUS FineShredders. Donghae will be one of the world’s largest SRF shredding plants producing alt...

Hanil Cement reports 3% rise in revenue

24 February 2021, Published under Cement News

South Korea’s Hanil Cement has seen a three per cent rise in revenue to KRW974.29bn in 2020, compared to KRW946.19bn in the previous year. Operating profit surged to KRW132.8bn from KRW58.95bn. Net profit also advanced 169.1 per cent YoY to KRW108.97bn from KRW40.5bn in 2019.

Ssangyong Cement set to change company name

24 February 2021, Published under Cement News

South 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 ...

Hanil Cement improves drilling efficiency

15 February 2021, Published under Cement News

Hanil Cement opted to invest in an intelligent Epiroc SmartROC T35 surface drill rig from Epiroc for use at its limestone quarry near Danyang, in the north-eastern region of South Korea. For Hanil Cement’s whole machine fleet, the average number of drill metres per hour in September 2020 was 26.2, whereas for the SmartROC T35 it was 28.6. Likewise, average diesel consumption the whole fleet was 27.9lph, whereas for the SmartROC T35, it was 17.4lph. Sang-Gil Lee, Hanil Cement’s resource tea...

Uzbekistan and South Korea to build Karakalpakstan plant

28 December 2020, Published under Cement News

Uzbekistan and South Korea have been in talks to accelerate the implementation of an investment plan for the construction of a cement works in the Beruni region of Karakalpakstan, northwestern Uzbekistan. The issue was discussed by Vitaly Fen, the ambassador of Uzbekistan to South Korea, and Yu Cheol, chairmain of South Korea-based CARIS Co Ltd. The new plant would meet high-quality cement requirement in an expanding Karakalpakstan market as well as provide cement for exports. A feasibili...

SungShin Cement orders two HOTDISC units

11 November 2020, Published under Cement News

SungShin Cement has ordered two FLSmidth H OTDISC Combustion Devices for its Kiln Lines 3 and 6. The first H OTDISC  is expected to be commissioned in mid-2021 and the second at the end of 2021. After the recent installation at SsangYong’s Yeongwool and Donghae plants this will be teh third and fourth H OTDISC  installations on the Korean peninsula. The H OTDISC solution allows cement producers to substitute coal or other fossil fuels with a wide range of alternative fuels. "Wit...

Ssangyong Cement reports 6% drop in net profit

05 August 2020, Published under Cement News

South Korea’s Ssangyong Cement has reported a six per cent YoY decline in net profit to KRW53.7bn (US$45.1m) in the second quarter of 2020, compared to KRW57.1bn in the year-ago period. However, operating income advanced 7.5 per cent to KRW90.7bn from KRW84.4bn. Revenue fell 9.2 per cent YoY to KRW385.2bn in the 2Q20.