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Asia Cement Co., Ltd. is one of the largest
manufacturing cement and ready-mixed concrete company in Korea founded in 1965.
In its 43rd year in 2008, 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 headquarter office is located 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 6
remicon factories throughout Korea. |
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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 279 billion
won in annual sales with 43 billion won in net income in 2007.
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 20 %
and capital-to-capital surplus and retained earnings ratio of approximately 2,600%.
In 2007, the Asia Group including all subsidiaries in industries of cement,
paper, finance and recreation reported annual earning of 725 billion won and
1,160 billion won in total assets. |
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The Asia Cement Co., Ltd.
operates as its subsidiaries Asia Industry Development Co., Ltd. that
manufactures cement-related products; a joint Korea-China ready-mixed concrete
corporation called Dalian Asia Remicon Yuhan Corporation in Dalian, China, the
first of its kind in the domestic cement industry.
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.
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. |
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