Cement News tagged under: South Korea
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... |
South Korean producers aim to boost cement production07 April 2022, Published under Cement NewsSouth Korean cement companies have agreed to increased their production by 35 per cent for the next three months to ease concerns over a supply shortage amid the crisis surrounding Ukraine, the industry ministry said. During a meeting with government officials, seven major cement companies agreed to produce a combined 3.77Mt of cement in the 2Q22 up 35.7 per cent from the January-March period, according to the Ministry of Trade, Industry and Energy. The government also plans to provi... |
A TEC completes Ssangyong Cement Redudust® order13 January 2022, Published under Cement NewsSsangyong 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 rise05 January 2022, Published under Cement NewsMajor 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 neutral20 July 2021, Published under Cement NewsThe 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 order23 April 2021, Published under Cement NewsBMH 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 revenue24 February 2021, Published under Cement NewsSouth 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 name24 February 2021, Published under Cement NewsSouth 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 ... |