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Hanil Cement Co., Ltd. completed the acquisition of the remaining 22.22% stake in Hanil Hyundai Cement Co., Ltd. for KRW 81.4 billion, absorbing the company. The deal was announced on July 17, 2025 and closed on November 1, 2025.
Hanil Cement and Hanil Hyundai Cement have approved a merger, with Hanil Cement as the surviving company. The merger aims to enhance management efficiency and market share, with a merger date of November 1, 2025.
Kawasaki Heavy Industries has received an order from Hanil Hyundai Cement to supply a waste heat recovery power generation (WHRPG) system for the Yeongwol Plant in South Korea, with an output of approximately 22.6 MW, scheduled for delivery in December 2022.