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Corporation
sungshincement.co.kr

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Investments

1

Partners & Customers

1

About Sungshin Cement

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

Sungshin Cement Headquarter Location

Seoul,

South Korea

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Latest Sungshin Cement News

Sungshin Cement to buy out bigger Halla Encom to build economies of scale2018.08.16 15:31

Aug 16, 2018

Sungshin Cement to buy out bigger Halla Encom to build economies of scale 2018.08.16 15:31:04 | 2018.08.16 15:54:13 Receiver Sungshin Cement`s Danyang plant. [Photo provided by Sungshin Cement Co.] South Korea’s Sungshin Cement Co. will become the new owner of bigger rival Halla Encom Corp., a ready-mixed concreate (RMC) manufacturer under Halla Group, by purchasing an 85 percent stake in for 55.6 billion won ($49.3 million). Sungshin Cement announced Wednesday that it signed a share purchase agreement by forming a consortium with BCH Peregrine Investment, a private equity fund, to take over Halla Encom from Halla Group. Halla Corp. said in a disclosure that the purpose of the sale is to improve financial soundness and raise fund for new businesses. On Thursday, shares of Sungshin Cement rose 2.42 percent to finish the day at 10,600 won. Halla Encom ranked 7th last year with shipment reaching 3.44 million cubic meters(㎥) while Sungshin Cement ranked at the bottom among total eight RMC makers in the nation with shipment of 1.91 million ㎥. Industry watchers believe the acquisition would make Sungshin Cement ascend to the third largest RMC producer by beating Ssangyong Remicon Co. that shipped 5.34㎥ RMC last year, following Sampyo Industry with 7.59 million ㎥ and Eugene Corp. with 7.5 million ㎥. Sungshin Cement ranked fourth in the cement business among total five companies last year with output reaching 7.38 million tons. Sungshin Cement last year joined a buyout race for Halla Cement but lost to Asia Cement. The share of Asia Cement jumped to 20 percent from 7 percent, the smallest in the industry, after the acquisition, placing the company on par with market leaders Hanil Cement and Ssangyong Cement Industrial. By Lee Young-wook and Choi Mira THURS

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

$991

Acquired Unit

3

Date

8/17/2018

Investment Stage

Private Equity

Companies

Valuation

$991

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

FLSmidth

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

FLSmidth

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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