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South Korea: Baring Private Equity Asia has sold Halla Cement to Asia Cement for US$723m. The combined business will be the third largest cement player in Korea, with a combined market share of 19%. Baring Private Equity Asia bought Lafarge Halla Cement from LafargeHolcim in 2016. It took full control of the cement producer in 2017.
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Nevertheless, Somwang said SCG had maintained its leadership in all of the main products it is marketing in Cambodia, comprising cement, ready-mix concrete, pre-stressed concrete slabs, and concrete roofing. The company expects its Kampot cement plant to achieve a full utilisation rate within three or four years.
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