Business Data
Samsung Engineering Wins Power and Petrochemical Plant Deals
Samsung Group's construction arm Samsung Engineering has won two contracts worth about USD500mn from Thai state-owned oil and gas company PTT. Pursuant to the contracts, Samsung will be responsible for building a petrochemical and power plant for two subsidiaries of PTT in Thailand . The facilities will be in Rayong, 150km south east of Bangkok. Both projects will be delivered on engineering, procurement construction and commissioning lump-sum basis. Work on the power project is expected to be completed in 2019, while the petrochemical plant is slated to be completed in 2020, according to Samsung.
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