Samsung Engineering clinches US$220 mln plant order

Posted on: Thu, 19 Nov 2009 03:12:00 EST

Symbols: SGRGF

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SEOUL, Nov 19, 2009 (Asia Pulse Data Source via COMTEX) --
SGRGF | Quote | Chart | News | PowerRating -- Samsung Engineering Co., South Korea's largest plant builder, said Wednesday that it has won a US$220 million order from a state-run oil company of Trinidad and Tobago to build an ultra low sulfur diesel plant.

Under the deal with Petroleum Company of Trinidad and Tobago Ltd., Samsung Engineering plans to complete the plant by March 2012, the South Korean company said.

The plant with a daily production capacity of 40,000 tons of diesel will be built in a refinery complex in Pointe-a-pierre, 38 kilometers south of Port-of-Spain, the capital of the country in the Caribbean.

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