South Korea: Asia Cement is considering the acquisition of South Korea's Ssangyong Cement. According to investment banking sources, Asia Cement is currently discussing the feasibility of purchasing a 46.8% stake in Ssangyong Cement for US$762m.
In terms of shipments, Asia Cement is the seventh-largest cement producer in South Korea with a market share of 6.9% in 2013. During 2013 it posted sales revenue of US$418m. During the same period, Ssangyong Cement recorded US$1.96bn in sales revenue and a market share of 22.0%.