Korea Building Materials Sangwon Cement Plant
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Background
LafargeHolcim has sold its 36% stake in Sangwon Cement Company. The company had held the stake in the plant since 2008, having entered the North Korean market via its Euro 8.8bn acquisition of Egypt’s Orascom. Orascom acquired the stake a year earlier. LafargeHolcim did not have managerial control or significant influence over Sangwon Cement.[1]
In 2025, it was reported that the Sangwon Cement plant has increased its cement output. The calcination workshop has increased the clinker production by five per cent as compared to the same period of last year. The plant has actively conducted activities to increase the capacity of the kiln production and its serviceable life, effectively carrying out inspections and cyclic checks during the maintenance break and promoting cooperation among shifts.
After securing hundreds of thousands of tonnes of ore reserves by applying a highly efficient blasting method, the Sangwon Limestone Mine has also increased its extraction rate. The cement plant has a current cement capacity of 2.5 million tonnes per annum (mtpa) and is state-owned by the Korean Building Materials Trading Corp.[2]
- ↑ staff, Global Cement (2017-08-17). "LafargeHolcim sells up in North Korea". www.globalcement.com. Retrieved 2025-01-31.
- ↑ "International Cement Review - News, Events & Training". International Cement Review. 2025/01/23T8:39:01. Retrieved 2025-01-31.
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