Sungshin Cement

What Sungshin Cement does

Sungshin Cement Co., Ltd. is a South Korea-based, KOSPI-listed (ticker: 001023) construction materials manufacturer founded in 1967, operating a vertically integrated value chain that spans cement, ready-mixed concrete, slag cement, precast concrete, logistics, and trading. The controlling company runs the Danyang Factory with an annual cement capacity of 11 million tons using NSP (New Suspension Preheater) kiln technology, and distributes Ordinary Portland Cement (KS L 5201), Portland Blast-Furnace Slag Cement (KS L 5210), PHC pile cement, and Class-A early-strength cement through a nationwide network of distribution bases and sales offices. Wholly-owned subsidiaries — Sungshin Remicon (ready-mixed concrete, 1.6M m³/year), Sungshin CM (slag powder and slag cement, 1M+ tons/year), KC Industrial (precast concrete, 136,000 m³/year, No. 1 civil PC firm in Korea), Sungshin L&S (logistics), Jinsung International (trading), and overseas entities Sungshin VINA (Vietnam) and Jinsung RMC (Bangladesh) — extend the offering from raw cement to finished concrete products and into five countries.

The company generates revenue primarily through one-time sales of cement and concrete products to construction companies, contractors, infrastructure developers, and government/public sector projects, both directly and through subsidiaries in South Korea, Vietnam, Bangladesh, Singapore, China, and Saudi Arabia. Its core competitive technology centers on proprietary circulating resource utilization — replacing up to 30% of bituminous coal with alternative fuels and substituting natural raw materials with industrial by-products (slag, desulfurized gypsum, chemical gypsum, sludge) — which reduces CO2 intensity (28% emissions reduction from 2021 to 2025) and insulates margins from coal import volatility. Specialty formulations such as slag-based integral cement for PHC piles (1.6x compressive strength) and Class-A early-strength cement (>35% higher 3-day strength) anchor a 2025-2026 product launch wave in radiation-shielding, freeze-resistant, rain-resistant, and ultra-retarding concrete.

Sungshin holds a 2025 ESG rating of B+ from the Korea ESG Standards Institute (Society A), is the first Korean cement company to obtain KOLAS accreditation (2002) and ISO 50001 energy management certification (2014), and pursues a publicly stated VISION 2030 strategy under CEO Han In-ho (inaugurated December 2021). The current founder-family transition, ongoing specialty concrete R&D, and direct renewable energy procurement via rooftop solar PV (initiated 2026) signal an effort to reposition a legacy commodity producer toward higher-margin, ESG-aligned, and specialty construction applications across Asian and Middle Eastern growth markets.

Name

Sungshin Cement

Legal name

Sungshin Cement Co., Ltd.

Website

https://sungshincement.co.kr

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

Sungshin Cement is a KOSPI-listed South Korean cement and construction materials conglomerate (founded 1967) operating the 11 million-ton Danyang Factory plus wholly-owned subsidiaries in ready-mixed concrete, slag cement, precast concrete, logistics, and trading across Korea, Vietnam, Bangladesh, Singapore, China, and Saudi Arabia.

Ownership category

akta.pro rank

Product category

Cement Manufacturing

NAICS

Cement Manufacturing (327310), Cement Manufacturing (32731), Cement and Concrete Product Manufacturing (3273), Ready-Mix Concrete Manufacturing (327320), Ready-Mix Concrete Manufacturing (32732), Other Concrete Product Manufacturing (327390), Other Concrete Product Manufacturing (32739), Concrete Pipe Manufacturing (327332)

SIC

Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

akta.pro secondary industries

Ready-Mix Concrete Production & Delivery (IMADAAAA), Mortar, Grout & Masonry Cements (IMADABAL), Plaster (Gypsum/Lime/Cement) & Basecoat Systems (IMADAEAC)

Keywords

• Cement manufacturing
• Ready-mixed concrete
• Precast concrete products
• Construction materials
• Eco-friendly cement

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cement Manufacturing & Sales: Production and sale of various cement types including Ordinary Portland Cement (KS L 5201), Portland Blast-furnace Slag Cement (KS L 5210), PHC Pile Cement, and Class-A Crude Steel Portland Cement. Supply from Danyang Factory with annual production capacity of 11 million tons, distributed through nationwide network of distribution bases and sales offices.
2. Ready-Mixed Concrete (Sungshin Remicon): Ready-mixed concrete manufacturing and sales through Sungshin Remicon Co., Ltd., operating four business sites in metropolitan and Chungcheong regions, supplying over 1,600,000 ㎡ per year. Also includes Sungshin VINA in Vietnam and Jinsung RMC in Bangladesh.
3. Basic Materials (Sungshin CM): Production and distribution of slag powder and slag cement (over 1 million tons annually), supplying metropolitan and Chungcheong regions. Also distributes eco-friendly construction basic materials through large-scale import/export facilities at Dangjin Port in Pyeongtaek.
4. PC (Precast Concrete) - KC Industrial: Design, production, and construction of precast concrete products including PC boxes (power outlets, cavities, manholes, culverts), civil PC (soundproof walls, retaining walls, tunnel invert boxes), architectural PC (logistics centers, underground parking, cooling towers), and modular housing.
5. Transportation & Logistics (Sungshin L&S): Logistics services for cement and various products including cargo transportation, port loading/unloading, storage, international logistics, logistics consulting, and energy business.
6. Trade & Distribution (Jinsung International): Trading and distribution of construction materials, non-ferrous metals, ores, precious metals, and other minerals. Expanding from basic construction materials expertise into broader trading market.
7. Circular Resource Business: Recycling of circulating resources (industrial by-products and wastes) as alternative fuels and raw materials in cement manufacturing. Contributes to reducing coal imports and greenhouse gas emissions while generating revenue from resource circulation.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Sungshin Cement manufactures and sells Portland cements (Ordinary Portland Cement, Portland Blast-furnace Slag Cement, PHC Pile Cement, and Class-A early-strength cement) from its Danyang Factory with annual production capacity of 11 million tons. Through subsidiaries, it also produces and distributes ready-mixed concrete (Sungshin Remicon), slag powder and basic construction materials (Sungshin CM), and precast concrete products (KC Industrial), serving construction companies, contractors, and infrastructure projects in South Korea and international markets.

Product overview

Sungshin Cement operates as a diversified construction materials conglomerate organized around a controlling parent company and multiple specialized subsidiaries. The controlling company, Sungshin Cement Co., Ltd., manufactures and distributes cement products including Ordinary Portland Cement (KS L 5201), Portland Blast-Furnace Slag Cement (KS L 5210), PHC Pile Cement, and Class-A Crude Steel Portland Cement from its Danyang Factory with an annual capacity of 11 million tons. Its principal subsidiaries include: Sungshin Remicon Co., Ltd. (ready-mixed concrete, over 1,600,000 cubic meters annually), Sungshin CM Co., Ltd. (basic materials — slag powder and slag cement, over 1 million tons annually), KC Industrial (precast concrete products, 136,000 cubic meters annually), Sungshin L&S (transportation and logistics), Jinsung International (trading and distribution), and Sungshin Vina and Jinsung RMC (overseas ready-mixed concrete in Vietnam and Bangladesh, respectively). The group also operates a Circular Resource Business that recycles industrial by-products as alternative fuels and raw materials in cement manufacturing. The portfolio spans the full construction materials value chain from raw cement production through finished concrete products, transportation, and international trade, unified under the Sungshin brand with shared ESG management philosophy.

Differentiator

Problem solved

Functional benefit

Brands

• Sungshin Remicon: Ready-mixed concrete manufacturing, aggregate/oil sales subsidiary established in 1978
• Sungshin VINA
• Sungshin CM
• KC Industrial
• Sungshin L&S
• Jinsung International
• Jinsung RMC
• Sungshin Academy
• Sungshin Wrestling Team

Products and services

• Ordinary Portland Cement (OPC, KS L 5201) The most widely used building material composed of limestone, clay, and iron, fired at approximately 1,450°C. Has hydraulicity that hardens when mixed with water, creating concrete through combination with gravel, sand, and other materials. Supplied for general construction and infrastructure projects.
• Portland Blast-Furnace Slag Cement (KS L 5210) Cement manufactured by finely pulverizing blast furnace slag (a by-product of pig iron manufacturing) and mixing it with Portland cement. Uses industrial by-products as main material, providing high economic efficiency, environmental conservation, and indirect greenhouse gas reduction. Certified under KS L 5210.
• PHC Pile Cement Cement for Pre-tensioned Spun High Strength Concrete Piles with compressive strength 1.6 times higher than ordinary PC piles. Sungshin developed a slag-based integral cement for PHC piles, recognized as an eco-friendly product for resource recycling. Used for foundation pile construction.
• Class-A Crude Steel Portland Cement High early-strength cement manufactured by mixing early-strength-type inorganic additives with ultra-fine powders through a separate production line from standard OPC. The 3-day strength is more than 35% higher than OPC while maintaining higher long-term strength. Used for applications requiring rapid strength development.
• Ready-Mixed Concrete (Sungshin Remicon) Ready-mixed concrete manufactured and supplied through Sungshin Remicon Co., Ltd., operating four business sites in metropolitan and Chungcheong regions with the largest Guri Factory in Korea, supplying more than 1,600,000 cubic meters annually. Acquired low-carbon certification for ready-mixed concrete products in 2020. Also includes operations through Sungshin VINA in Vietnam and Jinsung RMC in Bangladesh.
• Sungshin CM Slag Powder and Slag Cement Basic construction materials including slag powder and slag cement produced by Sungshin CM Co., Ltd., with over 1 million tons of annual production. Distributed from large-scale import/export facilities at Dangjin Port in Pyeongtaek, supplying metropolitan and Chungcheong regions. Includes eco-friendly construction basic materials.
• Precast Concrete Products (KC Industrial) Design, production, and construction of precast concrete products including PC boxes (power outlets, cavities, manholes, culverts), civil PC (soundproof walls, retaining walls, tunnel invert boxes), architectural PC (logistics centers, underground parking, cooling towers), and modular housing. Annual production capacity of 136,000 cubic meters. KC Industrial is the No. 1 civil engineering PC company in Korea.
• Transportation and Logistics Services (Sungshin L&S) Logistics services for cement and various products provided by Sungshin L&S Co., Ltd., including cargo transportation, port loading and unloading, storage, international logistics, logistics consulting, and energy business. Established in 2017 through physical division of Sungshin Remicon.
• Construction Materials Trade and Distribution (Jinsung International) Trading and distribution of construction materials, non-ferrous metals, ores, precious metals, and jewelry by Jinsung International Co., Ltd. Established in 2017. Expanding from basic construction materials expertise into broader trading market and business development.
• Circular Resource Business Resource circulation business recycling industrial by-products and wastes (e.g., sewage sludge, waste synthetic resin, WDF, urethane) as alternative fuels and raw materials in cement manufacturing. Contributes to greenhouse gas emission reduction and environmental protection while generating revenue from resource circulation.
• Radiation-Shielding Concrete (방사선 차폐 콘크리트) Specialized concrete formulation designed to block radiation, expanding Sungshin's specialty concrete product portfolio for enhanced safety applications including nuclear and medical facilities.
• Freeze-Resistant Concrete (내한콘크리트) Specialized concrete formulation designed to maintain strength even under wet/cold weather conditions, addressing durability challenges in adverse weather construction.
• Rain-Resistant Concrete (우중 콘크리트) Specialty concrete that maintains structural strength even on rainy days, addressing durability under wet weather conditions for construction projects.
• Ultra-Retarding Special Concrete (초지연형 특수콘크리트) Special concrete with extended setting time designed for large-scale or complex construction projects requiring prolonged workability.
• Carbon-Reduced Artificial Reef (탄소저감형 인공어초) Carbon-reduced artificial reef product that uses 70% less cement compared to conventional artificial reefs, contributing to marine ecosystem restoration with reduced carbon footprint.

Quantifiable outcome

• Greenhouse gas emissions reduced from 4,948,818 tCO2eq in 2021 to 3,560,676 tCO2eq in 2025, a 28% reduction over 4 years
• +6 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered minor and core.

• SANY GroupminorStrategic or Co-development Partner · 24 November 2021Sungshin Cement signed overseas construction project joint cooperation agreement with SANY (November 24, 2021).
• KC IndustryminorStrategic or Co-development Partner · 1 September 2021Sungshin Cement signed MOU with KC Industry for overseas business expansion (September 1, 2021).
• Inseong IndustryminorStrategic or Co-development Partner · 6 July 2021Sungshin Cement signed overseas construction project joint cooperation agreement with Inseong Industry (July 6, 2021).
• Jinsung RMC (Bangladesh)coreOthers · 1 July 2020Jinsung RMC is a wholly-owned subsidiary of Sungshin Cement established to supply stable ready-mixed concrete to the HSIA (Hazrat Shahjalal International Airport) expansion project in Bangladesh. It has the largest ready-mixed concrete plant in Bangladesh with capacity of 720 ㎡/h.
• Ministry of Oceans and Fisheries - Sungshin Cement - GS GlobalminorStrategic or Co-development Partner · 30 August 2018Signed agreement to cooperate in overseas port business (May 2018). Joint cooperation among government ministry, cement company, and trading company for international infrastructure projects.
• Youngjin Global Co., Ltd. (Sungshin CM Co., Ltd.)minorOthers · 13 November 2017Added as an affiliate in November 2017, later changed its company name to Sungshin CM Co., Ltd.
• Sungshin VINA CorporationcoreOthers · 19 April 2017Sungshin VINA Corporation was established in Vietnam as a subsidiary to manufacture and sell ready-mixed concrete. It supplies high-strength, special, and general ready-mixed concrete from the Leyen Factory in northern Vietnam, becoming the only foreign company among ready-mixed concrete manufacturers in northern Vietnam.
• East-West PowerminorStrategic or Co-development Partner · 1 June 2016Sungshin Cement and East-West Power signed an agreement on joint development of overseas energy efficiency projects (March 8, 2022).
• KC IndustrialminorOthersKC Industrial is a company specializing in the PC (precast concrete) industry and is the No. 1 civil engineering PC company in Korea. Sungshin Cement is affiliated with KC Industrial through the corporate group.
• Sungshin CM Co., Ltd.coreOthersSungshin CM, a leader in basic construction materials, produces over 1 million tons of slag powder and slag cement annually, supplying metropolitan and Chungcheong regions based on large-scale import/export facilities at Dangjin Port.
• Sungshin Remicon Co., Ltd.coreOthersSungshin Remicon operates four business sites in metropolitan and Chungcheong regions, supplying over 1,600,000 ㎡ of ready-mixed concrete annually. Founded 1978, it uses cement from Sungshin Cement and high-quality raw materials.
• Sungshin L&S Co., Ltd.minorOthersSungshin L&S provides logistics services for cement and various products, engaging in cargo transportation, port loading/unloading, storage, international logistics, logistics consulting, and energy business. Established through physical division of Sungshin Remicon in 2017.
• Jinsung International Co., Ltd.minorOthersJinsung International, established in 2017, handles trading of construction materials, non-ferrous metals, ores, and precious metals. Expanding from basic construction materials expertise into broader trading and business development.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Holcim: Global cement and aggregates major with broad sustainable-building materials portfolio. Directly comparable to Sungshin as a hydraulic cement producer pursuing circular/alternative fuels and low-carbon cement, though at vastly larger scale.
• Heidelberg Materials: One of the world's largest integrated cement and aggregates producers with significant presence in Asia. Comparable to Sungshin as a cement manufacturer investing in carbon capture, alternative fuels, and digital plant operations.
• Cemex: Global building materials leader with cement, ready-mix concrete, and aggregates operations. Comparable to Sungshin in vertical integration across cement-to-concrete value chain and decarbonization roadmap.
• CRH plc: Leading vertically integrated building materials group with cement, RMC, and aggregates. Comparable to Sungshin in business-model architecture spanning cement, downstream concrete products, and logistics/construction services.

Direct peers

• Anhui Conch Cement: China's largest cement producer with significant Asian operations. Closely comparable to Sungshin in cement/blast-furnace slag cement, ready-mix concrete, and circular-resource utilization at NSP kilns.
• Asia Cement Corporation: Major Taiwanese cement producer with operations in mainland China and Southeast Asia. Comparable to Sungshin as a regional Asian cement peer also pursuing blast-furnace slag cement and overseas expansion.
• Taiwan Cement Corporation: Regional Asian cement and ready-mix concrete producer with international operations. Comparable to Sungshin in product mix (OPC, slag cement, RMC) and geographic expansion into Southeast Asia.
• Ssangyong C&E: Leading Korean cement manufacturer with ready-mix concrete and aggregates operations. Closest direct domestic competitor to Sungshin in Korean cement market, including competing blast-furnace slag cement and specialty products.
• Hanil Cement: Korean cement and ready-mix concrete producer with overseas operations. Direct domestic competitor to Sungshin in OPC, slag cement, and Korean ready-mix concrete supply.

Emerging players

• Vicat Group: French-headquartered cement, concrete, and aggregates producer with strong presence in emerging markets (Africa, Middle East, India, Southeast Asia). Comparable to Sungshin in mid-scale cement manufacturing with international, project-driven growth model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sung-shin

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sungshin Cement