SG Launches Eco-Friendly Asphalt Plant Equipment Business... Signs Contract Worth 2.6 Billion KRW
[Asia Economy Reporter Jang Hyowon] SG, the No.1 company in the asphalt concrete (Ascon) industry, is officially starting its eco-friendly Ascon equipment business.
SG (CEO Park Changho) announced on the 3rd that through full-scale eco-friendly equipment sales, it recently signed contracts worth approximately 2.6 billion KRW with six Ascon plants nationwide.
Starting this year, under the strengthened Ministry of Environment’s “Specific Air Pollutants Related Legislation,” all Ascon plants nationwide must install eco-friendly equipment to reduce emissions of specific air pollutants. In response, SG conducted air pollutant tests through an environmental certification agency and confirmed that the carcinogen “Benzo(a)pyrene,” a first-class carcinogen, was not detected in their EGR+ system. According to the company, the test results showed pollutant levels below the revised emission limit standards, completing performance verification.
Through these efforts, SG succeeded in developing the eco-friendly Ascon equipment EGR+ (Exhaust Gas Recycling) and completed the first-ever domestic patent registration for eco-friendly Ascon equipment in February. Recently, through active sales of the eco-friendly equipment, SG signed contracts worth about 2.6 billion KRW with six Ascon plants in the metropolitan area including Gyeonggi, Incheon, Jeonbuk, and Chungbuk. Starting with these Ascon plants that signed contracts for the eco-friendly equipment, SG plans to distribute the EGR+ system to Ascon plants nationwide.
The SG Eco-Friendly Equipment Division explained, “Currently, many Ascon plant stakeholders recognize the necessity of improving environmental equipment but have been delaying responses to the revised legislation,” adding, “Amid ongoing reports of harm caused by carcinogens from Ascon plants, the company quickly responded to government environmental regulations with the belief that environmental improvement projects are unavoidable.”
They continued, “As of 2020, there are about 522 Ascon companies nationwide operating approximately 800 plants,” and added, “Considering the eco-friendly Ascon equipment market size is about 340 billion KRW, we will expand contract signings nationwide.”
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Meanwhile, Ascon operated by SG is an essential SOC industry supporting urban infrastructure such as road maintenance, airports, and port facilities, which are vital for economic development. Last July, SG acquired Easy E&M, a specialized environmental plant construction and equipment company, to establish a clean Ascon business site.
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