South Korea: local producers to face price probe?
South Korea's Fair Trade Commission (FTC) has initiated another investigation into whether domestic cement producers colluded to raise cement prices. According to industry sourc...
South Korea
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CRH reportedly to take part in preliminary bidding for South Korean producer
CRH announced it will take part in the preliminary bidding for Tongyang Cement scheduled on the 12 June after selecting Goldman Sachs as an underwriter, according to local press...
Concerns raised by South Korean imports of Japanese coal
Lee In-young, an opposition spokesman for the New Politics Alliance for Democracy party and member of the National Assembly's Environment Labour Committee, has raised concerns o...
South Korea: Investors in Tong Yang Cement fear capital cut
Tong Yang Cement, which is currently under a court receivership, may slash its capital on a large scale to offset losses in prior years, according to a Reuters report.
Tongyang Cement goes into court receivership
Tongyang Cement has become the fifth victim of the group-wide financial agony. On 1 October the cement unit of Tongyang Group said in a regulatory filing that it applied for cou...
Tong Yang sells waste heat recovery plant, South Korea
South Korea-based cement producer Tong Yang Cement Corporation has sold a waste heat recovery plant to Samcheok Energy, a company invested by a private equity fund run by Macqua...
South Korean cement producers to withdraw price hikes
Major cement producers in South Korea have withdrawn price rises announced earlier in 2013 and will maintain current prices for a year. Manufacturers such as Tongyang Cement, Ha...
South Korean cement producers face cartel probe
Seven cement producers in South Korea are being investigated by the country’s Fair Trade Commission for alleged price collusion.
South Korean producers to initiate cement price hike
Leading cement producers in South Korea are set to initiate a cement price increase from next month in an effort to offset rising production costs.
Lafarge looking to sell South Korean unit
Lafarge is seeking to sell its majority stake in South Korean unit Lafarge Halla Cement for KRW700bn (US$650m) and is currently searching for buyers, according to a report by Re...