Hyundai Cement sales expected to generate up to US$515m

Written by Global Gypsum staff 09 December 2016

South Korea: The sale of Hyundai Cement is predicted to generate up to US$515m. Sources quoted by the Maeil Business Newspaper say that the auction in mid-December 2016 will receive attention from cement producers and private equity funds. Hyundai Cement is the seventh largest cement producer locally, holding about 7% of the market. Larger producers, such as Ssangyong Cement Industrial, Tongyang Cement & Energy and Lafarge Halla Cement, with production units in coastal regions, would all benefit from purchasing Hyundai Cement with its assets located internally in the country.

Last modified on 14 December 2016

Published in Global Cement News

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