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  • Kwang Myung Elec wins construction project worth W9b
    Kwang Myung Elec wins construction project worth W9b
    Kwang Myung Electronics (017040) announced Aug. 18 that it has won a contract from Daewoo E&C (047040) to build an S-Oil Residue Upgrade Complex, worth 9.2 billion won (US$8.3 million). 　The project is to build a plant that refines residue into high-value gasoline. The contract cost is equivalent to 7.93 percent of the company’s sales last year. The contract expires May 8, 2017.
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Kwang Myung Elec wins construction project worth W9b

Aug. 18, 2016 - 14:49 By 박윤아
[DISCLOSURE] Kwang Myung Electronics (017040) announced Aug. 18 that it has won a contract from Daewoo E&C (047040) to build an S-Oil Residue Upgrade Complex, worth 9.2 billion won (US$8.3 million).

The project is to build a plant that refines residue into high-value gasoline. The contract cost is equivalent to 7.93 percent of the company’s sales last year. The contract expires May 8, 2017.




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