SGC E&C secures $189 mn petrochem facility project in Saudi Arabia

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SGC E&C secures $189 mn petrochem facility project in Saudi Arabia - Korea Economic Daily

Quick Summary:

SGC E&C is expanding its overseas portfolio and strengthening its global competitiveness through various projects this year, including a 690 billion won ($500 million) ethylene and propylene facility in Saudi Arabia, a 250 billion won ($181 million) isopropyl alcohol facility in Saudi Arabia, a 260 billion won ($189 million) EVA facility in Saudi Arabia and a 332.3 billion won ($241 million) chemical engineering facility in Malaysia.

SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a contract for a petrochemical facility project worth 260 billion won ($189 million) in Saudi Arabia.

The project involves the construction of an ethylene-vinyl acetate (EVA) production facility and will be located in the Jubail Industrial City of Saudi Arabia.