Doosan Heavy I&C, Aramco to build Saudi's largest casting & forging factory
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Doosan Heavy I&C on Tuesday signed an amendment to shareholders’ agreement to build a joint venture dubbed TWAIG Casting & Forging for a project to build a casting and forging factory with Saudi Arabian Industrial Investments Company (Dussur) and Saudi Aramco Development Co. The signing ceremony which took place in Riyadh was timed with state visit by South Korean President Moon Jae-in.
The new JV will be built in King Salman International Maritime Industries Complex in Ras Al-Khair, Saudi Arabia. Construction will kick off this year for completion in the first quarter of 2025.
Doosan Heavy I&C expects the 400,000 square meter factory will become Saudi Arabia’s largest casting and forging facility capable of handling the entire process from making steel to casting, forging and processing, with an annual capacity of about 60,000 tons.
Doosan Heavy I&C plans to sign a 1 trillion won ($838.6 million) engineering, procurement and construction (EPC) contract with the JV for the construction. For factory construction and facilities supply, it is preparing to invite bidders from home and overseas.
“This joint venture project is significant as it is the first overseas project of Doosan’s world-class casting and forging technology,” said Park Geewon, Doosan Heavy I&C Chairman & CEO. “ We hope the joint venture will serve as a stepping stone for Doosan to expand into new businesses such as renewable energy.”
[ㄏ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Korean startup Bepro rises as global coach behind ball games - Pulse by Maeil Business News Korea
- More capital flows come to economic, industrial parks in 2021 - Pulse by Maeil Business News Korea
- Domestic travelers ‘not enough’ to revive Bali tourism - Pulse by Maeil Business News Korea
- Hyundai, Kia car sales in Europe jump 21% on year in 2021 to rank No. 4 - Pulse by Maeil Business News Korea
- Ably achieves largest $583 mn in GMV in 2021 on robust cosmetics biz - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 성장 전략 대전환…롯데의 아픈 손가락들 [BUSINESS]
- 세븐틴, K팝 아티스트 최초 ‘유네스코 청년 친선대사’ 임명...파리 유네스코 본부 임명식 참석
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이