SEOUL (Reuters) - The South Korean government is expected to order truckers serving the petrochemical and steel sectors to return to work this week as a national strike by truckers entered its 14th day on Wednesday, media reported on Wednesday.
A strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of C.
By Heejin Kim and Ann Koh (Bloomberg) An escalating strike by truck drivers in South Korea is adding more disruption to global supply chains, from a slowdown at the country’s ports.
Update on South Korea – July 2021 Written by David Perilli, Global Cement
21 July 2021
There has been a significant investment in the South Korean cement industry this week with the news that Hanil Hyundai Cement has ordered a steam-based waste heat recovery (WHR) system from Japan-based Kawasaki Heavy Industries. The 22.6MW system will be used on two of the production lines at the Yeongwol plant in Gangwon Province. The supplier says that installation is expected to generate about 30% of the energy the plant needs and save around 10,000t/yr of CO
2 in the process. Delivery is scheduled for late 2022.
This order may be the first investment following the announcement in late June 2021 that the state-owned Korea Development Bank had pledged around US$870m towards supporting the cement sector in making carbon reduction upgrades by 2025. These are intended to include moving away from burning fossil fuels in cement production a