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Corporation
sungshincement.co.kr

Investments

1

Partners & Customers

1

About Sungshin Cement

Sungshin Cement (성신양회) (KRX: 004980) is a cement company in Korea.

Headquarters Location

Seoul,

South Korea

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Latest Sungshin Cement News

Cement industry recovers 99.7% shipment rate “metropolitan area, Busan, Jeju is low”

Dec 7, 2022

December 7, 2022 While the Cargo Solidarity decided to launch an all-out struggle for three days in Danyang, Chungcheongbuk-do, where cement factories are concentrated, the police are deploying guards around Hanil Cement and Sungshin Cement on the 7th in preparation for an emergency. [사진=연합뉴스 제공] japchae [아시아경제 김종화 기자] The National Confederation of Democratic Trade Unions Public Transportation Union Cargo Solidarity (hereafter Cargo Solidarity) Despite the collective refusal of transportation, the cement industry’s shipment rate reached 99.7%, recovering to the normal level. According to the Korea Cement Association on the 7th, the cement industry shipped about 179,500 tons of the 180,000 tons that were scheduled to be shipped that day due to the collective refusal of transportation by the Cargo Solidarity, and failed to ship about 500 tons. The amount of damage is about 50 million won, and the cumulative amount of damage reaches 118.1 billion won. The cement industry analyzes that shipments have recovered to an almost normal level because cement shipments have increased due to the recovery of construction delays at construction sites across the country and the expansion of inventories at ready-mixed concrete factories. However, cement shipments are very low in parts of the metropolitan area, such as Paldang, and Busan and Jeju, where the proportion of union members is high, despite the order to start business. An official from the Cement Association said, “It may take some time to normalize until the shortage of cement supply in parts of the metropolitan area, Busan, and Jeju is resolved.” said.

Sungshin Cement Investments

1 Investments

Sungshin Cement has made 1 investments. Their latest investment was in OE Solutions as part of their Other Investors on .

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Sungshin Cement Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

Other Investors

OE Solutions

Yes

Date

Round

Other Investors

Company

OE Solutions

Amount

New?

Yes

Co-Investors

Sources

Sungshin Cement Acquisitions

1 Acquisition

Sungshin Cement acquired 1 company. Their latest acquisition was Halla Encom on August 17, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/17/2018

Private Equity

$99M

Acquired Unit

3

Date

8/17/2018

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

Note

Acquired Unit

Sources

3

Sungshin Cement Partners & Customers

1 Partners and customers

Sungshin Cement has 1 strategic partners and customers. Sungshin Cement recently partnered with FLSmidth on November 11, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

11/10/2020

Vendor

Denmark

Two FLSmidth HOTDISC’s to replace coal at Sungshin Cement

Korean-based SungShin Cement has chosen the FLSmidth HOTDISC Combustion Devices ® solution for two of its production lines as the company transitions from coal to alternative fuel .

1

Date

11/10/2020

Type

Vendor

Business Partner

Country

Denmark

News Snippet

Two FLSmidth HOTDISC’s to replace coal at Sungshin Cement

Korean-based SungShin Cement has chosen the FLSmidth HOTDISC Combustion Devices ® solution for two of its production lines as the company transitions from coal to alternative fuel .

Sources

1

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