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02. February 2018

THAILAND: Samsung Engineering wins USD 822 million order to upgrade Thai chemical plant

Samsung Engineering Co., a construction unit of South Korea’s Samsung Group, clinched an KRW 880 billion (USD 822.4 million) order to upgrade petrochemical plant facilities in Thailand in consortium with a Thai engineering company. 

The company in a regulatory filing on Wednesday (24 Jan 2018) said that it signed an engineering, procurement, and construction (EPC) contract with PTT Global Chemical Public Co., a subsidiary of Thailand’s state-owned oil and gas company PTT, to reconfigure its olefins plant. Samsung Engineering bagged the order jointly with a Thai engineering firm TTCL Public Company and the Korean builder’s share of the KRW 880 billion project is worth KRW 670 billion, the company said.

The project is to remodel an olefins plant at Map Ta Phut in Rayong, about 150 kilometers southeast of Thailand’s capital Bangkok by 2020. Once its remodeling is completed, the plant will have a production capacity of 500,000 t/y of ethylene and 250,000 t/y of propylene.

Source: Daily “The Pulse”, Seoul; 24 Jan 2018
(Syed Rashid Ali, Karachi, Pakistan)

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