Samsung Engineering wins $304 mln order from Saudi Arabia

By Nam Kwang-sik
SEOUL, July 28 (Yonhap)-- Samsung Engineering Co., South Korea's largest plant
builder, said Tuesday that it has won a US$304 million order to build a chemical
plant in eastern Saudi Arabia.
The deal with National Industrial Gases Co., a unit of the state-run Saudi Basic
Industries Corp. (SABIC), calls for Samsung Engineering to complete the plant in
the Al-Jubail region of Saudi Arabia by 2011, it said.
Under the deal, the South Korean company will engage in the whole process of the
project ranging from licensing and design to procurement and construction.
SABIC is one of the world's 10 largest petrochemicals manufacturers ranked by
market capitalization.
The plant will have a daily production capacity of 3,550 tons of oxygen, 3,600
tons of nitrogen and 150 tons of argon gas.
ksnam@yna.co.kr
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