Cement News tagged under: South Korea
Korean cement producers face pressure from Chinese imports04 October 2024, Published under Cement NewsCement producers in South Korea have been voicing discontent about local construction firms looking to import low-priced cement from China. The country's domestic cement prices have grown by approximately 50 per cent in the last three years to reach KRW114,147/t (US$84.6/t). Chinese imports are currently around 15 per cent cheaper (KRW97,280/t) than domestic prices, according to local media. Korea suffers from rising labour costs, escalating energy prices and the need for an industrial tr... |
KHD commissions Pyrorotor® at Halla Cement22 August 2024, Published under Cement NewsKHD Humboldt Wedag has successfully commissioned a second Pyrorotor ® alternative fuel reactor at Line 2 of Halla Cement Corp 's Okke plant in Gangneung-si, South Korea, in July 2024. The installation on Line 2 follows the commissioning of a first unit on Line 3 in July 2023. The South Korean market has a strong track record of Pyrorotor installations, with 11 commissioned in the country to date and more on the way. The latest 4.2m diameter x 15m unit at Halla Okke will deliver guar... |
SungShin Cement swings into the black in 202321 February 2024, Published under Cement NewsSouth Korea-based SungShin Cement reported a preliminary and unaudited revenue of KRW1.113trn (US$832,886) in 2023, up from KRW1.03trn in 2022. The company’s operating profit surged from KRW1.83bn in 2022 to KRW77.73bn in 2023 while net profit reached KRW65.75bn in 2023, a significant turnaround when compared with a loss of KRW26.47bn in 2022. SungShin operates the 11.3Mta Danyang integrated plant in Danyang-gun and the 0.5Mta Bugang grinding unit in Cheongwon-gun. |
White cement anti-dumping duties issued in South Korea27 September 2023, Published under Cement NewsSouth Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe came as domestic cement producer Union Corp filed a complaint in March against Egypt's Royal El M... |
New cement price rises expected in South Korea01 June 2023, Published under Cement NewsSouth Korea’s cement industry is likely to increase cement prices by 14 per cent from July, citing the impact of sharply rising electricity prices and currency exchange rate as the main drivers. Ssangyong C&E Co , one of South Korea’s key cement producers, recently sent a letter to concrete suppliers stating its intention to increase bulk prices by 14.1 per cent to KRW119,600/t (US$90.36/t )from KRW104,800/t, according to local reports. The country’s other six cement producers are now e... |
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 ... |