Cement News tagged under: South Korea
South Korean producers set to hike cement prices06 January 2023, Published under Cement NewsSouth Korea’s major cement producers are implementing another hike in wholesale prices amid strengthening in the key ingredient bituminous coal and construction activity, adding woes to concrete mixers and builders. According to multiple sources from the cement industry, the country’s top cement producer Ssangyong C&E has decided to raise the price of its top-grade bulk cement to KRW93,000/t (US$77.6/t) from next month. It would be an increase of 18 per cent from current KRW78,800/t.... |
South Korean cement output slashed as truckers strike02 December 2022, Published under Cement NewsThis week the South Korean government stepped in with a presidential executive order to force striking cement truck drivers in the country to go back to work. Some 76 teams of government officials began conducting on-site investigations with police to order 2500 cement transport workers to return to work. The striking truckers are demanding a certain guaranteed level of wages and resorted to collective action to try and see their demands met. About 7000 people rallied in 16 regions across... |
Asian outlook on carbon capture, utilisation and storage18 November 2022, Published under Cement NewsThis week Asia Cement announced that it would be employing TCRK's Arago Cement Process to utilise captured CO2, cement kiln dust and by-pass particles in the cement production process in South Korea from 2025. ICR reviews the opportunities for carbon capture utilisation and storage (CCUS) for cement producers in the Asian region. The Asia Cement Co project will include a fully commercial-scale deployment of TCRK CCUS technology. Initially it will target 30,000tCO 2 e per year, rising to 1... |
Asia Cement to start CCUS in 2025 with TCRK technology15 November 2022, Published under Cement NewsTCRK, a fast-growing IP-led CO2 capture and usage business, is collaborating with Asia Cement to bring TCRK’s carbon capture technology to a major South Korean cement plant, and support Asia Cement in achieving its 2025 decarbonisation commitments. Starting in the 1Q23, this first commercial scale deployment of TCRK carbon capture and utilisation technology will initially target 30,000t CO2e per year, growing to 120,000t CO2e per year over the first 18 months. This second target will pr... |
Ssangyong Cement order fourth KHD Pyrorotor®22 August 2022, Published under Cement NewsSsangyong Cement C&E Company Ltd has ordered another KHD’s Pyrorotor ® for its Donghae plant in South Korea. Ssangyong Cement C&E Company Ltd (Korea) awarded another supply and engineering contract to Humboldt Wedag GmbH for the modernisation of clinker production line five of the Donghae plant. This project marks the fourth Pyrorotor® installation at the Ssangyong plant. The Pyrorotor ® will enable Ssangyong to continuously achieve a thermal substitution rate (TSR) above 85 ... |
thyssenkrupp Industrial Solutions wins Prepol® SC order10 August 2022, Published under Cement Newsthyssenkrupp Industrial Solutions’ Asia Pacific region has won a contract to supply a supply a prepol ® SC combustion chamber for a cement plant in South Korea. The scope of the contract includes engineering, mechanical equipment and some modifications to the preheater tower. The commissioning of the system is planned for the end of 2023. thyssenkrupp Industrial Solutions’ Regional CEO, Lukas Schoeneck, commented: “The current turbulences on the coal market create a lot of pressure i... |
South Korea's cement prices rise again04 August 2022, Published under Cement NewsCement prices in South Korea will rise for a second time this year, leaving ready-mix concrete producers to find ways to lessen the impact, reports Korea JoongAng Daily. Sampyo Cement will increase the price of cement by 11.7 per cent to KRW105,000/t from September. Buyers of Hanil Cement ’s product will pay out 15 per cent more at KRW106,000/t. Sampyo Cement increased its prices by 19 per cent in February 2022, along with Sungshin Cement, SsangYong Construction and Engineering and Ha... |
thyssenkrupp wins Prepol precalciner order03 August 2022, Published under Cement Newsthyssenkrupp Industrial Services in Asia-Pacific has been entrusted to provide a Prepol SC combustion chamber for a cement plant in South Korea. The target is to increase the thermal substitution rate in the calciner of up to 85 per cent without compromising any performance parameters in the pyroprocess. Feeding material will be mainly coarse municipal waste with high moisture levels. The contract constitutes engineering, mechanical equipment and some modifications in the preheater tower. T... |
Korean trucker strike halts cement production15 June 2022, Published under Cement NewsA strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of Cargo Truckers Solidarity, which began on 7 June, has reduced cement shipments to just 13 per cent of their normal levels. Around half of South Korea’s 2700 bulk cement trucks are driven by union members, leaving plants in danger of closure as inventories build up. Two of the country’s cement plants have already ceased operations due to lack of... |
South Korea’s green goals31 May 2022, Published under Cement NewsSouth Korea’s cement consumption advanced further in 2021, but challenges, including bituminous coal supply issues, have hampered the industry’s ability to increase production. Meanwhile, improving the sustainability of cement production, carbon neutral research and ESG efforts remain high on the industry’s agenda. By Korean Cement Association, South Korea. In line with South Korea’s commitment to achieving carbon neutrality by 2050, improving the sustainability of South Korean cem... |