Ssangyong C&E Declares Leap to Comprehensive Environmental Company on 60th Anniversary

60th Anniversary Ceremony Held and Employees Awarded for Contributions to Company Growth
Actively Promoting Coal Phase-Out and Carbon Neutrality through ESG Management Innovation

After the 60th anniversary ceremony of Ssangyong C&E, Chairman Hong Sa-seung (center front row) and President Lee Hyun-jun (third from the left in the front row) are taking a commemorative photo. [Photo by Ssangyong C&E]

[Asia Economy Reporter Kim Jong-hwa] Ssangyong C&E, which has led the domestic cement industry, will celebrate its 60th anniversary on the 14th.

On the 12th, two days before the 60th anniversary, Ssangyong C&E held a founding ceremony at its headquarters and nationwide business sites, declaring a "leap forward as a comprehensive environmental company." Although social distancing measures have been lifted, the event was held with only some executives, team and department heads, labor union representatives, and partner company representatives attending due to ongoing small-scale infection cases.

In his 60th anniversary commemorative speech, President Lee Hyun-joon stated, "The 60 years Ssangyong C&E has walked is a history of leading the development of the domestic cement industry through continuous challenges and innovation," and expressed gratitude to the various stakeholders and senior Ssangyong members who encouraged and supported the company to reach this point.

President Lee emphasized, "Despite difficult internal and external management conditions, we will push forward the ESG management vision 'Green 2030,' which includes coal phase-out and achieving 100% self-power generation by 2030, and based on this, leap forward as a comprehensive environmental company to prepare for a proud 100 years for everyone."

At the ceremony, special merit awards were presented to 17 executives and employees who contributed to the company's development over the 60 years, special merit plaques were given to the labor union representatives who led a cooperative labor-management culture of coexistence and harmony, and plaques of appreciation were awarded to partner companies, expressing gratitude to those who contributed to creating Ssangyong C&E's meaningful history.

Since stepping into the cement business in May 1962, Ssangyong C&E has played a key role in the national core industry by stably supplying cement, a key material for construction sites, contributing to the domestic construction industry and national development. It was also the first in Korea to export cement overseas, establish the first private company research institute, and continuously pursued innovative challenges such as safely and perfectly recycling circular resources like waste tires in the cement manufacturing process.

After the major shareholder changed to Hahn & Company in 2016, the company laid the foundation for a new leap forward through large-scale investments and cost competitiveness improvements. Last year, the company changed its name from "Ssangyong Cement" used for 59 years to "Ssangyong C&E," representing Cement and Environment, and laid the groundwork for a comprehensive environmental company by promoting new environmental businesses.

In addition, Ssangyong C&E was the first in the domestic cement industry to introduce ESG management and is actively promoting carbon neutrality along with "coal phase-out management," which aims to completely replace fossil fuel bituminous coal with circular resources by 2030 by gradually increasing the use of circular resources. The company is also taking the lead in expanding corporate social responsibility by actively participating in the Cement Industry Fund Management Committee to increase direct support for the regions where cement production plants are located and local residents.

To commemorate its 60th anniversary, Ssangyong C&E has launched a "History Compilation Committee" to record the past 60 years and plans to publish "Ssangyong C&E 60 Years History" in time for its 61st anniversary next year.

This content was produced with the assistance of AI translation services.