Korea's white cement levy on Egypt begins
South Korea’s anti-dumping duty on white Portland cement from Egypt has begun. The 72.23 per cent levy started on 15 November 2023 and will last for four months. The move is des...
Korea
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KFTC fines 26 manufacturers for cartelisation
The Korea Fair Trade Commission (KFTC) has announced that it levied KRW15.37bn (US$14.64m) of fines on 26 cement manufacturers for cartelisation activities, according to Korea J...
South Korea: Hyundai Cement up for sale
Hyundai Cement Co. is expected to put up for sale this year. Despite only having a small market share in South Korea, the upcoming sale is expected to bring about change in the ...
Loesche wins VRM slag grinding order
Yoo Gyeong CM Co of Korea has awarded a contract to Loesche for the grinding of granulated blast furnace slag at its brownfield KyungNam terminal. At the core of the order is a ...
Hahn & Company to buy Ssangyong Cement
Hahn & Co, Korea’s leading private equity group, has been selected as the preferred bidder for a 46.14 per cent stake in Ssangyong Cement. Hahn & Company already owns part of th...
Korean cement hit by USD19m losses as rail strike ends
The Korean railroad workers union called an end to its 22 day strike on December 30, leaving the domestic cement industry to count its losses. The cement industry relies on rail...
Texas Industries asks Commerce to probe Greece, Republic of Korea imports
Texas Industries, through its subsidiary TXI Operations, submitted a letter on 24 August 2012 to the Department of Commerce and the Interagency Trade Enforcement Center, asking ...