SsangYong C&E
SsangYong C&E is a South Korean, publicly listed cement manufacturer operating the world's largest single-scale cement plant (Donghae, 11.5M tons/year) alongside three other domestic plants, supplying general contractors, steelmakers, and export markets with Portland cements, specialty cements, industrial waste recycling, and owned-vessel logistics.
- Company typePublic
- Founded1962
- HeadquartersSeoul, South Korea
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What SsangYong C&E does
SsangYong C&E (쌍용C&E) is a South Korean, KOSPI-listed cement manufacturer founded in 1962 and headquartered in Seoul. It operates four main cement plants — Donghae (described as the world's largest single-scale cement plant at 11.5 million tons/year clinker capacity, 7 kilns), Yeongwol, Bukpyeong, and Gwangyang — for a combined annual capacity of approximately 15 million tons. The company manufactures and sells the full Portland cement range (Types 1-5), slag cement, and specialty products including super-high-early-strength, rapid-hardening, micro-cement, UGC grouting, and the Bascon non-shrink grout line, supplying general contractors, ready-mix producers, and government infrastructure projects across South Korea through nine regional branches and coastal shipping depots.
The business model combines one-time cement sales (domestic plus export) with circular-economy revenue streams: SsangYong processes industrial and post-consumer waste — waste plastics, tires, coal ash, blast-furnace slag, desulfurized gypsum — as alternative raw materials and fuels, generating waste-processing fees while reducing fossil-fuel and natural-resource consumption. It also sells iron-making limestone to POSCO and other steelmakers, and operates 12 cement-specific ships plus a 70,000-ton Panamax Bulk vessel for its own logistics and third-party freight. International exports (US, Chile, Philippines, Malaysia, Russia) account for over 50% of Korea's total cement exports, and in 2024 the company became the first Korean firm to ship low-carbon limestone cement into the US market.
The company is repositioning around an explicit ESG strategy — rebranded from SsangYong Yanghoe to SsangYong C&E in March 2021 — committing to zero coal use by 2030 and 2050 carbon neutrality. It deploys the world's largest waste-heat power generation system at Donghae (~KRW 30B annual energy savings), operates an integrated circular-resource value chain via subsidiaries (Korean Basic Materials, Daehan Cement, Daehan Slag, SsangYong Logistics, Green Eco Solution, Green Eco Nexus), and pursues strategic alliances with POSCO (slag supply) and Portland Cement Association (US certification). Controlling shareholder Han&Co Cement Holdings (Hahn & Co affiliate) holds 77.68% following a July 2022 US$1.5 billion investment by Coller Capital and Hahn & Co — the largest GP-led transaction in Asia at the time.
SsangYong C&E firmographics
Firmographics- Name
- SsangYong C&E
- Legal name
- 쌍용씨앤이 주식회사
- Website
- https://ssangyongcne.co.kr
- Company type
- Public
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- SsangYong C&E is a South Korean, publicly listed cement manufacturer operating the world's largest single-scale cement plant (Donghae, 11.5M tons/year) alongside three other domestic plants, supplying general contractors, steelmakers, and export markets with Portland cements, specialty cements, industrial waste recycling, and owned-vessel logistics.
- Ownership category
- akta.pro rank
SsangYong C&E industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Construction Sand and Gravel Mining (212321)
- SIC
- Cement, Hydraulic (3241), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industries
- Limestone Quarrying (Industrial & Construction Grade) (IMAKAHAC), Concrete Mixer & Cement Transport Trucks Leasing & Rental (TLABAEAH)
Keywords
Where SsangYong C&E is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices8 records
Markets served
SsangYong C&E business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Cement and Clinker Manufacturing & Sales: Produces and sells cement products including Portland cement types 1-5, slag cement, special cements, and clinker. Domestic sales are distributed through nationwide branch offices and shipping stations. International exports to the US, Chile, Philippines, Malaysia, and other countries via dedicated cement shipping fleet.
- Environmental Resource / Circular Economy Business: Processes industrial and post-consumer waste (waste plastics, coal ash, blast furnace slag, desulfurized gypsum, etc.) as alternative raw materials and fuels in cement manufacturing, replacing natural resources and fossil fuels. Revenue derived from waste processing fees and cost savings on raw materials and fuel.
- Limestone Sales: Produces and sells limestone for steel-making to major steelmakers including POSCO. Also supplies iron-making limestone as a blast furnace auxiliary material.
- Shipping / Logistics Services: Operates 12 cement-specific ships and a 70,000-ton Panamax Bulk vessel for transporting coal, natural gypsum, and clinker. Revenue from freight services for domestic clients and third-party logistics.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
SsangYong C&E product offering
Product offeringCore offering
SsangYong C&E manufactures and sells a full range of cement products (Portland Types 1-5, slag cement, and specialty cements) from four production factories totaling 15 million tons annual capacity, plus limestone for steelmakers and integrated cement shipping/logistics services. The company also operates a circular resource recycling business that processes industrial and household waste (waste plastics, tires, coal ash, slag, desulfurized gypsum) into alternative fuels and raw materials for cement kilns. It supplies domestic construction companies, government infrastructure projects, steelmakers, and exports more than half of Korea's total cement exports to markets including the US, Chile, Philippines, Malaysia, and Russia.
Product overview
SsangYong C&E operates as a leading Korean cement manufacturer with a diversified product portfolio spanning multiple cement types and environmental services. The core offering consists of Portland Cement variants (Types 1-5) including ordinary, medium heat, high early strength, low heat, and sulfate resisting cements, plus specialty products like super high early strength cement, rapid hardening cement, micro cement, and non-shrink grout mortars under the Bascon brand. The company recently launched low-carbon limestone cement for the US market, reducing emissions by 6%. Beyond cement, the business encompasses circular resource recycling services that convert industrial waste into alternative fuels and raw materials, limestone mining for both internal cement production and steel industry supply, and integrated shipping/logistics operations through its subsidiary Ssangyong Logistics. With four production factories (Donghae, Yeongwol, Bukpyeong, Gwangyang) producing approximately 15 million tons annually, the company is transitioning toward a comprehensive environmental enterprise positioning.
Differentiator
Problem solved
Functional benefit
Products and services
- Portland Cement Type 1 (Ordinary Portland Cement)
Quantifiable outcome
- Carbon emissions reduced by 6% with low-carbon limestone cement vs. general-purpose cement
- +4 more outcomes
Companies that use SsangYong C&E
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
SsangYong C&E technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SsangYong C&E partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major, minor and core.
- Portland Cement AssociationmajorPortland Cement Association (US) certified SsangYong C&E's low-carbon limestone cement for use in Washington, Idaho, and Oregon states in 2024. This certification enabled the company to become the first Korean company to enter the US eco-friendly cement market.
- Major Korean Cement Industry (Hanal Cement, Asia Cement, Sampo Cement, Sungshin Cement, Halla Cement, Hanal Modern Cement)minorSeven major Korean cement companies including SsangYong C&E participate in the government-led Cement Green New Deal Committee, collectively committing to carbon neutrality by 2050 and signing the '2050 Carbon Neutrality Challenge Joint Declaration' with the Ministry of Trade, Industry and Energy.
- POSCOcoreSsangYong C&E and POSCO signed an MOU for carbon emission reduction and ESG management cooperation in October 2021. The partnership focuses on expanding the use of water-granulated slag (a steelmaking byproduct from POSCO) in cement production, developing eco-friendly cement, and establishing a cooperative system for achieving carbon neutrality by 2050. POSCO to support stable supply of slag; SsangYong to build regional yards for storage.
Scale indicators11 records
Recent moves20 records
Expansion highlights6 records
SsangYong C&E competitors and assessment
Company assessmentDirect peers
- Hanil Cement (한일시멘트): One of Korea's top three cement manufacturers; direct domestic competitor producing Portland cement types 1–5, slag cement, and specialty products for the same construction and infrastructure customers. Both companies sit on the government-led Cement Green New Deal Committee committing to 2050 carbon neutrality, making competitive comparison head-to-head on capacity, ESG metrics, and exports.
- Asia Cement (아세아시멘트): Korean cement manufacturer co-participant with SsangYong in the '2050 Carbon Neutrality Challenge Joint Declaration'. Competes in identical Korean product categories and end-markets (ready-mix concrete producers, general contractors, infrastructure projects) and is similarly exposed to domestic construction cycles and export markets.
- Sampo Cement (삼표시멘트): Korean cement producer and fellow Cement Green New Deal Committee member, competing for the same domestic ready-mix and construction customer base. Similar product portfolio (Portland types, slag cement, specialty) and overlapping logistics footprint along the Korean coast.
- Sungshin Cement (성신시멘트): Korean cement manufacturer operating in the same product categories and serving the same domestic ready-mix and infrastructure customers. Also a signatory of the industry 2050 carbon-neutrality declaration, making it a direct comparable on ESG positioning and regulatory exposure.
Broad incumbents
- Holcim Ltd: Global cement and aggregates leader with deep low-carbon and circular-economy capabilities (ECOPlanet, ECOPact), serving as the international benchmark for SsangYong's low-carbon limestone cement US push. Operates at vastly larger scale across Europe, North America, Latin America, and Asia, and competes with SsangYong in several of its US, Chilean, and Filipino export markets.
- Heidelberg Materials: Germany-headquartered global cement, aggregates, and ready-mix concrete producer with a strong European base and growing North American footprint. Directly comparable to SsangYong on product mix (Portland types, specialty cement), waste-heat recovery adoption, and decarbonization commitments; competes with SsangYong in selected export markets.
- Cemex SAB de CV: Mexico-headquartered global cement, ready-mix, and aggregates producer with deep presence across the Americas, Europe, Africa, and Asia. Comparable to SsangYong on product portfolio, vertical integration into aggregates and ready-mix, and Vertua low-carbon cement line that mirrors SsangYong's US low-carbon limestone cement ambitions.
- Anhui Conch Cement (海螺水泥): World's largest cement producer by capacity, headquartered in China. Comparable on cement manufacturing scale and clinker export activity, and Asia's dominant regional cement exporter. Offers SsangYong a regional scale benchmark and competitor in Southeast Asian clinker markets.
- CRH plc: Ireland-headquartered global building materials group with major cement, aggregates, and ready-mix operations across North America and Europe. Comparable on the integrated heavy-side materials model and on US infrastructure exposure relevant to SsangYong's US low-carbon export push.
Regional players
- Siam Cement Group (SCG): Thailand-based regional cement, chemicals, and packaging group with strong ASEAN presence. Comparable as an Asian cement producer with integrated building-materials portfolio and sustainability commitments, overlapping with SsangYong in Southeast Asian export markets (Philippines, Malaysia).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
SsangYong C&E social profiles
Digital presenceSsangYong C&E compliance and trust
Trust signalCompliance2 records
SsangYong C&E financial estimates
Financial estimateRevenue estimate
Valuation estimate
SsangYong C&E leadership team
Management profileNumber of profiles
Profiles9 records
SsangYong C&E subsidiaries and ownership
Company hierarchySubsidiaries6 records
SsangYong C&E funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SsangYong C&E M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SsangYong C&E
What does SsangYong C&E do?
SsangYong C&E manufactures and sells a full range of cement products (Portland Types 1-5, slag cement, and specialty cements) from four production factories totaling 15 million tons annual capacity, plus limestone for steelmakers and integrated cement shipping/logistics services. The company also operates a circular resource recycling business that processes industrial and household waste (waste plastics, tires, coal ash, slag, desulfurized gypsum) into alternative fuels and raw materials for cement kilns. It supplies domestic construction companies, government infrastructure projects, steelmakers, and exports more than half of Korea's total cement exports to markets including the US, Chile, Philippines, Malaysia, and Russia.
Is SsangYong C&E a public or private company?
SsangYong C&E is a public company. It is classified as public and is currently operating.
When was SsangYong C&E founded?
SsangYong C&E was founded in 1962. It employs 1,001 to 5,000 people.
Where is SsangYong C&E based?
SsangYong C&E is headquartered in Seoul, South Korea, in the Asia region.
How does SsangYong C&E make money?
Four revenue lines are on record. Cement and Clinker Manufacturing & Sales are the primary driver. The others are environmental Resource / Circular Economy Business, limestone Sales and shipping / Logistics Services.
Who are SsangYong C&E's main competitors?
Direct peers on record are Hanil Cement (한일시멘트), Asia Cement (아세아시멘트), Sampo Cement (삼표시멘트) and Sungshin Cement (성신시멘트). Broad incumbents are Holcim Ltd, Heidelberg Materials, Cemex SAB de CV, Anhui Conch Cement (海螺水泥) and CRH plc. Siam Cement Group (SCG) is listed as a regional player.
Does SsangYong C&E have an API?
No public API is recorded for SsangYong C&E.
What industry is SsangYong C&E in?
SsangYong C&E's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMAKAHAC, Limestone Quarrying (Industrial & Construction Grade). Its NAICS code is 327310 and its SIC code is 3241.