Korea Cement Association president

It is being reported that the Korea Development Bank (a state-run operation) and other creditors are seeking to sell their 95% stake in Hyundai Cement. An investment bank is expected to be chosen by July to continue with the sale of the cement company, which it is understood have been previously bailed out by local banks t. Accounting for an estimated 10% of the cement sale, it is believed that interest in the sale would be mostly from local companies.

Hyundai Heavy Industries (HHI)has signed an agreement with Cummins to establish an engine factory for earthmovers in Daeggu, South Korea. They have each invested US$33 million (€25.5 million) for the joint venture, named Hyundai Cummin s Engine Company. The factory will start production from 2014 with an annual production capacity of 50,000 engines. The signing ceremony, held at HHI’s headquarters in Ulsann, South Korea, was attended by Rich Freeland, president of Cummins, Mr. Choe Byeongg-ku, COO of HHI’s

Górażdże Cement president Ernest Jelito has been elected as the new chairman of the Polish Association of Cement Producers (SPC).

His election was confirmed during a meeting of the SPC board in Krakow last month.

He replaces Andrzej Ptak, president of the Ożarów SA Group, who retired from the role with effect from January 1, 2019.

Jelito was born in 1958 and is a graduate of the AGH University of Science and Technology in Kraków.

He started his career in 1982, and from 2001 to 2005 he was the

The Korea Cement Association (KCA) has a joined at the World Cement Association as an affiliate member of its international network.