Cement News tagged under: South Korea

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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.

South Korean producers sign agreeement to reduce NOx emissions

11 June 2020, Published under Cement News

South 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, ...

The Korean Cement Association joins the WCA

19 March 2020, Published under Cement News

The World Cement Association (WCA) has announced that it is welcoming the Korea Cement Association (KCA) as an affiliate member of its international network. "KCA has a long history supporting the advancement of the cement and concrete industries locally, and we look forward to working with them in a global context,” explains Ian Riley, CEO at WCA. "It’s important for us to have a diverse membership that is not just made up of cement producers, and so we’re very keen to welcome other Associ...

SungShin Cement posts 11% net profit rise

21 February 2020, Published under Cement News

South Korea’s SungShin Cement has reported a full-year revenue of KRW714.64bn (US$590.2m) in 2019, 3.9 per cent up when compared with KRW688.07bn reported in 2018. However, operating profit fell 30.2 per cent YoY from KRW29.27bn  to KRW20.43bn in 2019. Net profit rose 11.4 per cent from KRW16.61bn to KRW18.5bn in 2019.

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...