South Korean, German firms win $1.1bn Saudi acrylic deal

17 October 2010

South Korea’s Samsung Engineering Company and Germany’s Linde win early construction deal for $1.1bn acrylic plant

A consortium of South Korea’s Samsung Engineering Company and Germany’s Linde has won an early construction deal for a Saudi-based acrylic acid complex expected to cost SR4bn ($1.1bn), Trade Arabia has reported. Saudi subsidiaries of Tasnee Sahara Olefins Co - a joint-venture of Tasnee and Sahara Petrochemicals Company - own 75% of the complex and 25% belongs to US-based Rohm and Haas, recently bought by Dow Chemical, the Saudi firms said.

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