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Samsung Engineering wins US$770 mln order from Malaysia

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(Globalpost/GlobalPost)

SEOUL, Sept. 13 (Yonhap) -- Samsung Engineering Co., a major South Korean industrial plant builder, said Friday that it has secured a US$770 million order to build a gas terminal in Malaysia.

The company said it plans to complete the facility in Kerteh, about 260 kilometers northeast of Kuala Lumpur, by 2016 under a deal with a unit of Malaysia's Petronas and Hess Corp., a U.S. energy company.

The facility will be capable of producing 700 million cubic feet of gas per day by eliminating impurities from natural gas extracted from sea fields.

Shares of Samsung Engineering were trading at 90,200 won (US$83) on the Seoul bourse as of 2:21 p.m., down 0.11 percent from the previous session's close.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/130913/samsung-engineering-wins-us770-mln-order-malaysia