Update: Samsung wins another Saudi contract

30 May 2007 08:58  [Source: ICIS news]

(Adds details on Saudi Kayan’s project in paragraphs 5-6)

SINGAPORE (ICIS news)--South Korea’s Samsung Engineering has won a $946m (€700m) deal from Saudi Arabian Mining to build an ammonia production plant in Saudi Arabia, a company source said on Wednesday.

The order called for Samsung to build the facility within 43 months, he said.

The facility will produce 3,300 tonnes/day (1.09m tonnes/year) of ammonia, the source added.

This deal adds to the amines project that Saudi’s Kayan Petrochemical awarded to South Korea’s leading industrial construction builder earlier this week.

The project, located in Al-Jubail Industrial City, has a capacity of 255,000 tonnes/year and not 5.6m tonnes/year as reported in the Kuwait News Agency, the source said.

"The plant will start up in April 2010," he said.

($1 = €0.74)

By: Jeanne Lim
+65 6780 4359

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