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Asia Cement

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Asia Cement Co. Ltd. (아세아시멘트) is South Korea's cement, concrete, and chemical company headquartered in Seoul, Korea. Established in 1965, the company primarily produces remicon and portland cement. Asia Cement Co., Ltd. is one of the largest manufacturing cement and ready-mixed concrete company in Korea.

In its 45th year in 2010, it is the nation’s key industrial and basic construction material company with 1,000 employees and annual production capacity of 5 million tons of cement manufacturing facilities and 3.6 million cubic meters of ready-mixed concrete. Asia Cement Co., Ltd. has as its resource the most productive limestone mine to last the next 200 years in the domestic cement industry. The headquarters office is in Gangnam, Seoul, and in the outer regions in cities as Jechon, Anyang, Suwon, Yongin, Daejun and Daegu, there are 9 branch factories and cement silos as well as 10 remicon factories throughout Korea.

Current Management Status

Asia Cement Co., Ltd. manufactures and sells cement, remicon, and dry mortar, the 3 major construction materials, and since June 1993 has been concentrating on strengthening its competitive power through continuous management reform that include restructuring and consolidation of integrated management information system. Productivity was greatly improved through introduction of TPM activity into the main factory as well as the branch factories. The basic cost was greatly reduced through reuse of large amounts of waste material at the Jechon Factory that is fully equipped with recycling facilities.

As result the company reports outstanding financial record of about 323 billion won in annual sales with 26 billion won in net income in 2009.

Among the domestic cement companies the Asia Cement Co., Ltd. maintains the most stable and secure financial structure reporting the debt-to-equity ratio of about 18% and capital-to-capital surplus and retained earnings ratio of approximately 2,800%. In 2009, the Asia Group including all subsidiaries in industries of cement, paper, finance and recreation reported annual sales of 816 billion won and net income of 38 billion won and 1,172 billion won in total assets.

Subsidiaries

The Asia Cement Co., Ltd. operates as its subsidiaries Asia Industry Development Co., Ltd. that manufactures cement-related products and aggregates.

The subsidiaries also include Asia Paper Manufacturing Co., the largest industrial paper producer in Korea and Asia Papertec Inc. and the Jeil Industry, the producer of cardboards.

The other paper-related companies are Yujin Paper and A-Pack and Kyung-San paper.

It also owns and operates Gyeongju world resort, the largest amusement theme park in the Youngnam region that includes a water-park. There is also Wooshin Development Finance Co. Ltd., a venture capital investment company.

Products

  • Portland Cement
  • Dry Moltal
  • Cement
  • Remicon
  • Tensit

Manufacturing network (South Korea)

Manufacturer

Sales yard

Branches

Competitors

See also

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