Samsung Engineering Co. Ltd., Korea’s largest industrial plant builder, said Wednesday that it has won a $230 million order to build a petrochemical plant in western India.
Under the deal with ONGC Petro-additions Ltd., a unit of India’s state-run Oil & Natural Gas Corporation Ltd., Samsung Engineering will complete the plant by July 2013 with an annual production capacity of 340,000 tons of high-density polyethylene, the company said.
HDPE is a raw material used for industrial film, pipes and paints.
The plant will be built at the special economic zone in Dahej, Gujarat Province, Samsung Engineering said.
The order, which is the eighth deal that Samsung Engineering has won in India, came as the company is set to complete an ethylene plant in the same region in December next year.
(Yonhap News)
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