Asia Cement Co.,Ltd.

What Asia Cement Co.,Ltd. does

Asia Cement Co., Ltd. is a South Korean manufacturer of cement and construction materials, headquartered in Gangnam-gu, Seoul, and listed on the Korea Stock Exchange since 1974. The company produces Portland cement (Types 1-5), ready-mixed concrete, dry mortar, specialty cement, and aggregates from company-owned limestone mines, with annual capacities of 4.41 million tons of cement, 5.04 million cubic meters of ready-mixed concrete, and 2.14 million tons of dry mortar. It serves the Korean construction industry through a nationwide network of seven manufacturing plants (Jecheon, Daegu, Suwon, Daejeon, Seoul RMC, Yongin, Central) and the Dukso Logistics Center, complemented by affiliate Halla Cement's coastaland inland distribution reach. R&D is conducted through two dedicated research institutes (Jecheon Technical Research Institute and Yongin Construction Material Research Center), with over 40 patents including first-in-Korea ultra-high strength concrete (80 MPa and 150 MPa) and 3D printing cement formulations.

The company's revenue model is built on one-time sales of construction materials to enterprise and mid-market customers, distributed via direct plant sales, regional sales offices, authorized distributors, and multi-year contractual supply arrangements. Pricing is unit-based with pay-as-you-go billing for packaged products and multi-year contracts for bulk buyers, collateral requirements varying by transaction type. Customer segments span general construction, infrastructure projects (dams, tunnels, bridges), high-rise buildings, precast manufacturers, and select social contribution projects. In 2024 the company generated KRW 1,110,338 million (~USD 815 million) in consolidated sales revenue, with KRW 140,751 million operating profit (12.7% operating margin) and KRW 80,074 million net income. Asia Cement operates under the Asia Holdings Co., Ltd. parent company, which consolidates the cement business with downstream paper, packaging, aggregates, venture capital, agriculture, and amusement park subsidiaries.

Asia Cement pursues a sales-led go-to-market strategy emphasizing direct customer relationships, quality leadership (49th National Quality Classification Gold Award for seven consecutive years), and proprietary specialty products rather than mass marketing. Competitive positioning rests on economies of scale, a nationwide distribution footprint, integrated limestone reserves and aggregate operations, and an extensive regulatory and certification footprint (ISO 9001, ISO 14001, KOSHA-MS, KS certification since 1967, ESG Grade B+). The business is exposed to Korean construction cycle dynamics and decarbonization regulatory pressure, which the company addresses through waste heat recovery power generation, eco-friendly premixed cement (GPC), carbon-emission-reducing eco-concrete, and a 2050 carbon neutrality commitment.

Name

Asia Cement Co.,Ltd.

Legal name

Asia Cement Co., Ltd.

Website

https://eng.asiacement.co.kr

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Asia Cement Co., Ltd. is a South Korean manufacturer of Portland cement, ready-mixed concrete, dry mortar, specialty cement, and aggregates, serving the Korean construction industry through a nationwide plant, logistics, and sales office network under parent Asia Holdings.

Ownership category

akta.pro rank

Product category

Cement and Construction Materials Manufacturing

NAICS

Cement Manufacturing (327310), Ready-Mix Concrete Manufacturing (32732), Cement and Concrete Product Manufacturing (3273), Other Concrete Product Manufacturing (327390)

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), Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH), Mortar, Grout & Masonry Cements (IMADABAL), Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH)

Keywords

• Portland cement manufacturing
• Ready-mixed concrete
• Dry mortar products
• Specialty cement
• Construction aggregates

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cement Manufacturing and Sales: Production and sale of Portland cement with annual capacity of 4,410,000 tons. Core revenue stream from cement products including Type 1-5 Portland cement varieties. Revenue recorded as KRW 1,110,338 million in 2024 (consolidated sales revenue)
2. Ready-Mixed Concrete: Production and supply of ready-mixed concrete with annual capacity of 5,040,000 cubic meters. Includes ordinary concrete, high-strength concrete, high-fluidity concrete, low-heat concrete, and lightweight concrete products
3. Dry Mortar: Production and sale of dry mortar products including normal plastering, spraying plastering, brick work, tile attachment, exposed concrete, and white mortar. Annual capacity of 2,140,000 tons
4. Aggregates: Production and sale of crushed coarse aggregates, crushed fine aggregates, and civil engineering stones from company's own limestone mines. Products include various grades (#57, #67, #78) for concrete, PC products, pile, and asphalt applications
5. Speciality Cement: Premix cement products pre-mixed for specific functionality including high early-strength, high strength, special cement for safes, cement for precast, fast-hardening, and low heat cement

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core offering

Asia Cement Co.,Ltd. manufactures and sells a comprehensive portfolio of construction materials including Portland cement (Types 1-5), ready-mixed concrete (including ultra-high strength 80 MPa concrete), dry mortar, specialty cement, and limestone aggregates. The company operates nationwide manufacturing plants with annual capacity of 4,410,000 tons of cement, 5,040,000 cubic meters of ready-mixed concrete, and 2,140,000 tons of dry mortar, serving construction industry customers across South Korea.

Product overview

Asia Cement operates as a cement manufacturing company producing a comprehensive portfolio of construction materials. The core offerings include Cement (Portland Cement with multiple types for different applications), Ready-Mixed Concrete (including ultra-high strength 80 MPa concrete for high-rise buildings), Dry Mortar (pre-mixed cement products), Speciality Cement (premix cement for mega structures), and Aggregates (crushed limestone from company-owned mines). Production capacity includes 4,410,000 tons of cement, 5,040,000 cubic meters of ready-mixed concrete, and 2,140,000 tons of dry mortar per annum. The company operates nationwide manufacturing and sales networks across South Korea.

Differentiator

Problem solved

Functional benefit

Products and services

• Cement (Portland Cement) Portland cement produced from high-quality limestone reserves, with annual production capacity exceeding 5 million tons. Includes Type 1 (Ordinary), Type 2 (Moderate Heat), Type 3 (High Early-Strength), Type 4 (Low Heat), and Type 5 (Sulphate-Resisting) variants. Sold to construction companies and contractors for general construction, high-rise buildings, infrastructure projects, and pavement works.
• Ready-Mixed Concrete Factory-manufactured pourable concrete delivered to construction sites with annual production capacity of 5,040,000 cubic meters. Includes Ordinary Concrete, High-Strength Concrete (up to 80 MPa for high-rise buildings), High-fluidity Concrete, Low Heat Concrete, Cold-weather Concrete, and Hot-weather Concrete variants. Delivered with warranted quality directly to construction sites across South Korea.
• Dry Mortar Pre-mixed combination of cement, dried sand, and additives designed to enhance work convenience and efficiency. Products include Normal Plastering, Spraying Plastering, Brick Work, Tile Attachment, Exposed Concrete, and White Mortar. Annual production capacity of 2,140,000 tons. Used by construction contractors for plastering, masonry, and finishing applications.
• Specialty Cement Premix cement products pre-mixed for specific functionality, tailored for high-rise buildings and mega structures. Includes High Early-Strength cement, High Strength cement, Special Cement for safes, Cement for precast, Fast-Hardening cement, Low Heat Cement, and Yellow Ochre cement. Sold to contractors requiring specialized performance characteristics for demanding construction applications.
• Aggregates Crushed limestone aggregates sourced from company-owned mines with KS certification since 2006. Includes Crushed Coarse Aggregate (grades #57, #67, #78), Crushed Fine Aggregate, Mixed Aggregate, Crushed Sand, and Civil Stone for asphalt surface layer, waterproofing work, water purification, ready-mixed concrete manufacturing, PC products, pile, and electric poles applications.

Quantifiable outcome

• 49th National Quality Classification Competition Gold Award for 7 consecutive years (as of 2023)
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Jecheon CityminorStrategic or Co-development Partner · 6 October 2022Agreement on Implementation of Resource Circulation signed October 6, 2022. Partnership for resource recycling and environmental initiatives.
• Halla CementcoreStrategic or Co-development Partner · 1 January 2018Halla Cement became an affiliate of Asia Cement in January 2018, making it Korea's third-largest cement manufacturer with a nationwide network. Halla Cement was founded in 1978 and leads the domestic cement industry with high-quality products and services, while actively engaging in eco-friendly projects including quarry rehabilitation and Baekdudaegan Mountain conservation.
• Korean Red CrossminorStrategic or Co-development Partner · 1 January 2017Blood donation partnership signed in 2017 with quarterly blood donation activities. Partnership supports regular blood collection activities among executives and employees.
• KPMG SamjungcoreOthersExternal audit firm providing audit services. Currently serving as external auditor for Asia Cement for audit periods 2022-2024 (3-year period). Appointed February 14, 2022.
• Jecheon City HallminorStrategic or Co-development PartnerCollaboration on waste coal reuse for community welfare purposes. Joint resource recycling initiatives including green house film collection from fruit farms for recycling in cement production.
• Habitat for Humanity KoreaminorStrategic or Co-development PartnerSocial contribution partnership providing sponsorship and cement donations for affordable housing construction through the House of Hope Project.

Scale indicators12 records

Recent moves13 records

Expansion highlights5 records

Broad incumbents

• Cemex: Global cement, ready-mix concrete, and aggregates producer with strong specialty products portfolio. Comparable to Asia Cement in vertical integration, specialty cement innovation, and focus on urbanization/infrastructure-driven cement demand.
• Holcim: Global leader in building materials with extensive cement, ready-mix concrete, and aggregates operations. Comparable to Asia Cement in product portfolio breadth, sustainability initiatives (green cement, carbon-neutral roadmap), and specialty product innovation.
• Heidelberg Materials: One of the world's largest building materials companies with cement, aggregates, and ready-mixed concrete operations globally. Comparable to Asia Cement in cement manufacturing, specialty products, and aggregates; offers benchmark for global best practices in carbon reduction and digitalization.
• CRH plc: Global building materials group with leading positions in cement, aggregates, and concrete products across multiple regions. Comparable to Asia Cement as a vertically integrated cement-to-aggregates producer with emphasis on infrastructure customers and sustainability-driven product mix.

Emerging players

• Anhui Conch Cement: Largest Chinese cement producer with leading positions in clinker, cement, and aggregates. Comparable to Asia Cement in vertical integration from limestone mining to cement manufacturing, though operating at much larger scale and in a different geographic market; represents a benchmark for operational efficiency in Asian cement.

Direct peers

• Tongyang Cement & Energy (동양시멘트): Korean cement manufacturer with cement and ready-mixed concrete operations. Competes with Asia Cement in Korean domestic market across Portland cement and specialty products, with overlapping plant footprint in central Korean regions.
• Hanil Cement (한일시멘트): One of the largest Korean cement manufacturers producing Portland cement, ready-mixed concrete, and aggregates. Directly competes with Asia Cement in the domestic Korean cement market with overlapping product lines and customer base in construction and infrastructure.
• Sampyo Group (삼표그룹): Korean conglomerate with significant cement and ready-mixed concrete operations alongside aggregates and construction. Direct competitor to Asia Cement in Korean cement market and adjacent construction materials, with comparable nationwide distribution ambitions.
• Ssangyong C&E (쌍용씨엔이): Major Korean cement producer with nationwide operations in cement, ready-mixed concrete, and aggregates. Direct domestic competitor to Asia Cement in core Portland cement and specialty cement segments, serving similar Korean construction and infrastructure customers.

Regional players

• Taiwan Cement: Leading Taiwanese cement producer with cement, ready-mix concrete, and power generation operations. Comparable to Asia Cement as a regional Asian cement incumbent with similar product portfolio, sustainability focus, and integration into aggregates and downstream products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Asia Cement Co.,Ltd.