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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 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 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 10 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 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. |
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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. |
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