April 16, 2024

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[THE INVESTOR] Samsung Engineering said on Jan. 24 that it has received a US$436 million order to build a petrochemical plant in Thailand by 2020.

PTT Global Chemical Public Co., a Thailand state-owned petrochemical and refining company, placed the order at a consortium led by the Korean plant builder, Samsung Engineering said in a regulatory filing.

Samsung Engineering will build the plant on an engineering, procurement, construction and commissioning lump-sum turnkey basis by Dec. 1, 2020. The plant will have a production capacity of 500,000 tons of ethylene and 250,000 tons of propylene, it said.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)