[Original] Asia Cement Wants to Acquire Korea's Ssangyong Cement

   Asia Cement is considering an acquisition of South Korea's Ssangyong Cement. Asia Cement is in talks to buy a 46.8% stake in Ssangyong Cement, which has a market value of $762 million, according to investment bankers.

   In 2013, Asia Cement ranked seventh in South Korea in terms of shipments, accounting for 6.9% of the market share, with sales of $418 million. In the same period, the sales of Ssangyong Cement in Korea reached 1.96 billion US dollars, accounting for 22% of the market share.

   Editor's note: Ssangyong Cement is a local cement enterprise in South Korea. Founded in 1962, it is mainly engaged in the production of cement and related products, and has business involvement in cement, ready-mixed concrete and special cement. With an annual cement production capacity of 15 million tons and an annual ready-mixed concrete production capacity of 7 million cubic meters, the company is the largest cement producer and supplier in Korea. More than half of South Korea's cement exports come from the company.