Aug 17, 2018· South Korea: Sungshin Cement will become the new owner of bigger rival Halla Encom Corporation, a ready-mixed concrete (RMC) manufacturer from Halla Corporation, by purchasing an 85% stake in it for US$49.3m. Sungshin said that it had signed a share purchase agreement by forming a consortium with BCH Peregrine Investment, a private equity fund, to take over Halla Encom.
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South Korea: Hanil Cement says it will buy 10.8 million shares or a 64.4% stake in Hyundai Cement. The transaction will cost US$427m, according to Reuters. The South Korean cement producer was chosen as the preferred bidder in February 2017.Read More
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North Korea: The state-owned Sangwon Cement plant plans to increase its production output by upgrading a speed reducer in a raw material crusher. The plant launched a seawater-resistant cement product in 2018, according to the Pyongyang Times newspaper. It has been supplying this product to projects in the Wonsan-Kalma coastal tourist area.Read More
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South Korean firm involved new cement plant and housing project for Ghana 15 December 2009 STX, the South Korean company which is to undertake a 200,000-unit housing project in Ghana, is making another huge foray into the housing sector with a plan to set up a cement factory to complement its real estate investment, estimated to cost US$10bn ...Read More
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23 January 2018, Published under Cement News Hong Kong-based Baring Private Equity Asia (BPEA) has sold Halla Cement, a South Korean cement producer, to Asia Cement for US$723m. Halla Cement, formerly known as Lafarge Halla Cement, operates an integrated main plant and three slag cement plants, with a capacity of 7.6Mta.Read More
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