ID :
208210
Tue, 09/20/2011 - 09:06
Auther :
Shortlink :
https://oananews.org//node/208210
The shortlink copeid
SK E&C wins 3.7 tln won order from Egypt
SEOUL, Sept. 20 (Yonhap) -- South Korea's SK Engineering & Construction Co. (SK E&C) said Tuesday that it has clinched a 3.7 trillion won (US$3.2 billion) deal to build a petrochemical plant in Egypt.
Under the deal with Egypt's Carbon Holdings, a joint venture set up by SK E&C and U.S. engineering firm Shaw Group Inc., the company will build a petrochemical industrial complex with an annual production capacity of 1.35 million tons of ethylene. The complex will be set up in Ain Sokhna, some 120 kilometers east of Cairo.
The construction is scheduled to begin in 2012 and be completed by 2016, SK E&C said.
The builder said that the latest deal will help the company tap into Egypt and the rest of Africa.
Under the deal with Egypt's Carbon Holdings, a joint venture set up by SK E&C and U.S. engineering firm Shaw Group Inc., the company will build a petrochemical industrial complex with an annual production capacity of 1.35 million tons of ethylene. The complex will be set up in Ain Sokhna, some 120 kilometers east of Cairo.
The construction is scheduled to begin in 2012 and be completed by 2016, SK E&C said.
The builder said that the latest deal will help the company tap into Egypt and the rest of Africa.
