South Korea’s largest industrial plant builder Samsung Engineering Co. has said that it has won a USD 230 million order to build a high-density polyethylene (HDPE) plant in Gujarat.
Under the deal with ONGC Petro-additions Ltd. (OPaL), a unit of India’s state-run Oil & Natural Gas Corporation Ltd. (ONGC), Samsung Engineering will build the plant with an annual production capacity of 340,000 tons of HDPE by August 2013, the company said in a statement yesterday.
HDPE is a raw material used for industrial film, pipes and paints.
The plant will be built at the special economic zone in Dahej, Gujarat Province, Samsung Engineering said.
In February 2009, Samsung Engineering signed a deal with OPaL to build an ethylene plant with an annual production capacity of 1.1 million tons in Dahej with the aim of completing it by December next year.