Displaying items by tag: Sangwon Cement

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.

North Korea: LafargeHolcim has sold its 36% stake in Sangwon Cement Company. The company had held the stake in the plant since 2008, having entered the North Korean market via its Euro8.8bn acquisition of Egypt’s Orascom. Orascom acquired the stake a year earlier. LafargeHolcim did not have managerial control or significant influence over Sangwon Cement.