Samsung Engineering wins $230m order from India
Tuesday, 3 May 2011
SEOUL, May 2 (The Economic Times): Samsung Engineering Co., South Korea's largest industrial plant builder, has said that it has won a USD 230 million order to build a high-density polyethylene (HDPE) plant in western India .
Under the deal with ONGC Petro-additions Ltd. (OPaL), a unit of India's state-run Oil & Natural Gas Corporation Ltd. (ONGC), Samsung Engineering will build the plant with an annual production capacity of 340,000 tons of HDPE by August 2013, the company said in a statement yesterday.
HDPE is a raw material used for industrial film, pipes and paints.