By Jhoo Dong-chan
A consortium led by Hyundai Engineering has clinched a construction deal worth a total of 5.67 trillion won ($5.13 billion) in Russia, a Hyundai Engineering official said Monday.
The consortium, which includes fellow affiliate Hyundai Engineering & Construction (E&C) and Japan's Toyo Engineering, signed a deal Sept. 3 with Russia's Nakhodka Mineral Fertilizers Factory to build fertilizer plants in Kozmino, Nakhodka.
Hyundai Engineering has a share of 50.3 percent in the affiliate while Hyundai E&C has 29.4 percent. Their shares are worth $2.58 billion and $1.51 billion respectively while Toyo Engineering also has a 20.3 percent share worth $1.04 billion.
Under the deal, the three companies are expected to build two ammonia production plants with a combined daily capacity of 6,600 tons, two urea plants with a combined daily capacity of 6,000 tons and one methanol plant with a daily capacity of 3,000 tons.
The construction project is expected to take about 62 months in total.
A consortium led by Hyundai Engineering has clinched a construction deal worth a total of 5.67 trillion won ($5.13 billion) in Russia, a Hyundai Engineering official said Monday.
The consortium, which includes fellow affiliate Hyundai Engineering & Construction (E&C) and Japan's Toyo Engineering, signed a deal Sept. 3 with Russia's Nakhodka Mineral Fertilizers Factory to build fertilizer plants in Kozmino, Nakhodka.
Hyundai Engineering has a share of 50.3 percent in the affiliate while Hyundai E&C has 29.4 percent. Their shares are worth $2.58 billion and $1.51 billion respectively while Toyo Engineering also has a 20.3 percent share worth $1.04 billion.
Under the deal, the three companies are expected to build two ammonia production plants with a combined daily capacity of 6,600 tons, two urea plants with a combined daily capacity of 6,000 tons and one methanol plant with a daily capacity of 3,000 tons.
The construction project is expected to take about 62 months in total.
