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  • Samsung Engineering India awarded a refinery plant contract from Nagarjuna Oil Corp.
    édité le 03/05/2010 - Plus de news de "Samsung Engineering" - Voir la fiche entreprise de "Samsung Engineering"

Samsung Engineering India awarded a refinery plant contract from Nagarjuna Oil Corp.
- Turning point for local India EPC hub, to win and execute project independently for HQ in Korea
- Successful result of 'glocalization' and large investment in India

On April 29th 2010, Samsung Engineering Co Ltd. of Korea announced that their subsidiary company in India, Samsung Engineering India (SEI) was awarded a refinery plant contract
from NOCL (Nagarjuna Oil Corporation Ltd.).

The lump-sum turn key project will produce 125,000 barrels per day through a Diesel hydro desulphurization process (DHDS), and will be located 160 km south of Chennai in Cuddalore
of India.

This award marks an important milestone for Samsung Engineering, as it will be the first contract independently won by Samsung Engineering India (SEI), a major "EPC hub" located
in New Delhi. SEI will take complete responsibility and lead all works regarding the design, procurement, construction and commissioning of the project, which will be completed by March 2012.

SEI is an example of a successful 'glocalization' investment plan in India, which was founded in 2006 for the purpose of executing projects in India independently from Samsung Engineering's main headquarters based in Korea, and focusing on transferring engineering skills to the locals.

Since then, the company has employed over 400 Indian staff at all levels, from various disciplines such as engineering, proposals, procurement, construction, and project management and continues to strengthen all capability for further accomplishment.

Since entering the Indian market for the first time in 1997, the company has successfully completed a range of quality projects with top clients such as Oil and Natural Gas Corporation, Indian Oil Corp Ltd, Indian Petrochemicals Corp. Ltd and IlSCO. Key on-going projects include the dual-feed ethylene plant for OPaL (a subsidiary of ONGC) in Gujarat and the IOCL MEG plant.

In 2009, Samsung Engineering as a whole achieved a historic milestone by obtaining over $8 billion USD in overseas orders. Samsung Engineering will continue to expand its market and clients by widening its business portfolio in 2010.

Origine : Communiqué Samsung Engineering

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