Samsung to build $253m PP plant for Saudi Kayan

20 February 2008 07:31  [Source: ICIS news]

SINGAPORE (ICIS news)--Samsung Engineering has clinched a won (W) 239.2bn ($253.3m) order from Saudi Kayan Petrochemical to build a polypropylene (PP) plant, a company official said on Wednesday.

Samsung would carry out engineering and construction management for the 350,000 tonne/year project which would be based on Basell's technology, he added.

The convertible lumpsum turnkey project would be completed by end-August 2009, the official said.

Samsung also won a contract in May last year to build an amines plant for Kayan.

Saudi Basic Industries Corp (SABIC) owns a 35% stake in Saudi Kayan while Kayan has 20%. The remaining 45% is held by public shareholders.

($1 = W944.23)

For more on PP visit ICIS chemical intelligence

By: Florence Tan
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