Sampyo Cement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A conflict between builders and cement firms has intensified over a recent decision by producers to hike prices for the fourth time in two years, according to industry officials, Tuesday. Last Friday, Sungshin Cement sent a letter to ready-mixed concrete truckers notifying its plan to increase cement prices by 14.3 percent in July. This came after Ssangyong C&E declared a 14.1 percent hike in its cement price effective next month. Both companies suffered operating losses during the first quarter of this year.

South Korea’s major cement producers are implementing another hike in wholesale prices amid strengthening in the key ingredient bituminous coal and co...

The office of President Yoon Suk-yeol appears to be delaying a decision on whether to impose additional return-to-work orders for striking truckers, apparently shifting to a letup ...

Workers should reject attempts by the unions to sell out their strikes and expand their struggles throughout the working class.

Cement prices in South Korea will rise for a second time this year, leaving ready-mix concrete producers to find ways to lessen the impact, reports Kor...