Daewoo E&C wins contract for construction of Unit 4 of Indorama Fertilizer Plant in Nigeria

Daewoo Engineering & Construction won a petrochemical plant project worth approximately 350 billion won in Nigeria.

Daewoo Engineering & Construction announced on the 4th that it received a letter of award (LOA) for the Indorama Fertilizer Plant Unit 4 project from IF FZE (Indorama Fertilizer Free Zone Enterprise), a Nigerian subsidiary of global petrochemical group Indorama.

This project is to build a facility capable of producing 2,300 tons of ammonia, 4,000 tons of urea, and 4,000 tons of urea crystals per day in Port Harcourt, Rivers State, Nigeria.

Daewoo Engineering & Construction will carry out the construction as the primary contractor, and the contract amount is approximately 350 billion won.

Daewoo E&C has previously successfully completed construction of Units 1, 2, and 3 of the Indorama Fertilizer Plant in Nigeria and auxiliary facilities (raw material reforming facilities, power generation facilities, etc.), and has subsequently succeeded in winning orders for Unit 4.

Daewoo E&C evaluated that its extensive construction experience accumulated over a long period of time in Nigeria, one of its key markets, its long-term cooperative relationship with the ordering party, and its solid local network and know-how served as the foundation for successive orders.

A company official said, "We succeeded in winning additional orders in recognition of our excellent construction and business management capabilities, including completing key milestones ahead of the original plan in Unit 3, which was completed at the end of May," and added, "We have re-proven our competitiveness in the petrochemical plant market."

Since first entering the Nigerian market in 1983, Daewoo Engineering & Construction has successfully carried out a total of 75 projects worth approximately $10.8 billion.