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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Samsung Engineering’s W1.6tr order from Saudi canceled

  • PUBLISHED :January 16, 2017 - 10:37
  • UPDATED :January 16, 2017 - 10:37
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[DISCLOSURE] Samsung Engineering (028050) announced on Jan. 16 that its 1.62 trillion won (US$ 1.37 billion) contract with Saudi Arabia's Saline Water Conversion Corp. signed in 2012 for the construction of a Yanbu Power & Desalination Plant had been canceled.      

This amounts to 19.9 percent of its 2011 sales.

(theinvestor@heraldcorp.com)

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