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December 02, 2008


Samsung Engineering to build sintering plant for Hyundai

Yonhap reported that South Korea's Samsung Engineering Co has received a contract worth KRW 146 billion (USD 159 million) to build a sintering facility for Hyundai Steel Co.

Samsung Engineering in a regulatory filing said that the contract calls for Samsung Engineering to build the facility by 2011 at the Hyundai Steel plant in Dangjin 123 kilometers south of Seoul.