Daewoo Engineering & Construction Co., Ltd. Wins Another Mega-Project in Nigeria ... Receives Letter of Award for Fertilizer Plant No. 4

[Financial News] Daewoo Engineering & Construction Co., Ltd. has secured a petrochemical plant project in Nigeria worth 350 billion won.
According to industry sources on the 4th, Daewoo Engineering & Construction Co., Ltd. received a letter of award (LOA) from the Nigerian subsidiary of global petrochemical group Indorama for Indorama Fertilizer Plant No. 4.
The project involves building facilities in Port Harcourt, Rivers State, Nigeria, capable of producing 2,300 tonnes of ammonia, 4,000 tonnes of urea, and 4,000 tonnes of urea crystals per day. Daewoo Engineering & Construction Co., Ltd. will carry out the construction as the prime contractor, and the contract is worth approximately 350 billion won.
This contract follows the successful completion by Daewoo Engineering & Construction Co., Ltd. of Units 1, 2, and 3 of the Indorama Fertilizer Plant in Nigeria, along with auxiliary facilities. According to the company, since entering the Nigerian market in 1983, it has successfully carried out a total of 75 projects worth approximately $10.8 billion.
A company official said, “Building on a stable order-winning trend in established key markets such as Nigeria, we are continuing to achieve mega-scale contract wins in the overseas plant market this year. We will actively seek follow-on projects in Africa and global markets to secure sustainable growth drivers.”


[email protected] Lee Jong-bae Reporter