Displaying items by tag: Korea Cement

South Korea: Korea Cement has plans to conduct a capital increase of US$36.3m. The producer said that it will use the funds to invest in its operations.

South Korea: A strike forced Korea Cement to suspend production at its integrated Jangseong cement plant from 8am on 13 June 2023. Investing News has reported the cause of the strike as a dispute over collective bargaining between the company and workers at the plant.

Korea Cement said “If the production suspension continues for more than six months, the company may be subject to delisting review by the Korea Exchange."

South Korea: All nine domestic cement producers and the Ministry of Environment have agreed on measures to reduce NO_x emissions. Asia Cement, Halla Cement, Hanil Cement Manufacturing, Hyundai Cement, Korea Cement, Sampyo Cement, Ssangyong Cement Industrial, SungShin Cement and Union Corporation have agreed to invest in upgrades to filters or new high-efficiency filters and process improvements, according to the Korea Times newspaper. There was also an agreement to set NO_x emissions reduction targets for the allocation of funding. The Korea Environmental Industry Technology Institute is investing US$2.93m in research towards developing methods of selective catalytic NO_x emissions reduction and selective non-catalytic NO_x emissions reduction.

The government aims to reduce national NO_x emissions by 20% to 155,000t/yr from 195,000t/yr through subsidies to emissions reduction technologies development and uptake. The cement sector presently emits 62,500t, 32% of the domestic total.