ID :
96511
Thu, 12/24/2009 - 02:53
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https://www.oananews.org//node/96511
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Daelim Industrial wins $500 mln order from Saudi Arabia
By Nam Kwang-sik
SEOUL, Dec. 23 (Yonhap) -- South Korea's Daelim Industrial Co. said Wednesday that it has signed a US$500 million preliminary deal to build a chemical plant in Jubail, Saudi Arabia.
The deal awarded by the state-run Saudi Arabian Mining Co., also known as
Ma'aden, calls for Daelim Industrial to complete the plant by the second quarter
of 2011, the South Korean builder said in a statement.
In October, Daelim Industrial clinched a $325 million deal with Saudi Kayan
Petrochemical Co. to construct a chemical plant in Jubail, which is slated for
completion by Dec. 10, 2010.
The latest deal will bring Daelim Industrial's overseas orders clinched so far
this year to $2.7 billion, the company said.
Shares of Daelim Industrial fell 0.47 percent to close at 84,000 won on the Seoul
bourse.
ksnam@yna.co.kr
(END)
SEOUL, Dec. 23 (Yonhap) -- South Korea's Daelim Industrial Co. said Wednesday that it has signed a US$500 million preliminary deal to build a chemical plant in Jubail, Saudi Arabia.
The deal awarded by the state-run Saudi Arabian Mining Co., also known as
Ma'aden, calls for Daelim Industrial to complete the plant by the second quarter
of 2011, the South Korean builder said in a statement.
In October, Daelim Industrial clinched a $325 million deal with Saudi Kayan
Petrochemical Co. to construct a chemical plant in Jubail, which is slated for
completion by Dec. 10, 2010.
The latest deal will bring Daelim Industrial's overseas orders clinched so far
this year to $2.7 billion, the company said.
Shares of Daelim Industrial fell 0.47 percent to close at 84,000 won on the Seoul
bourse.
ksnam@yna.co.kr
(END)
