# Asia Cement acquires Halla Cement for $723M

Asia Cement acquired Halla Cement for US$723 million, adding 7.6 million tonnes per annum of cement capacity and becoming the third largest cement producer in South Korea.

- Type: Acquisition
- Announced: 2018-01-26
- Where: South Korea
- Value: $723.0M
- Status: completed
- Capacity: 7.6 million tonnes per annum
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Asia Cement Corporation](https://endata.com/companies/24580.md) (acquirer)
- [Halla Cement Corp](https://endata.com/companies/28169.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/163312/restructuring-to-re-energise-south-korean-market.html), 2018-01-26: "Upon acquiring Halla Cement, Asia's share in the local market would jump to 20 per cent from current seven per cent, placing the merged entity at par with market leaders Ssangyong Cement Industrial Co and Hanil Cement Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.