DL E&C's Consecutive Overseas Good News... 150 Billion Won Malaysia Factory Construction Contract Awarded

Securing Another Order Just 2 Weeks After Winning Russian Refinery Contract
Landing a 500 Billion KRW Overseas Plant Project in 2 Weeks

A view of the Penggerang petrochemical complex located in the southeastern part of Malaysia

[Asia Economy Reporter Onyu Lim] DL E&C (formerly Daelim Industrial) has announced a series of overseas contract wins. On the 25th, DL E&C revealed that it had secured a contract for the construction of a Nitrile Butadiene Rubber Latex (NBL) factory worth approximately 150 billion KRW in Malaysia. This follows the modernization project of an oil refinery in Moscow, Russia, announced on the 12th, continuing its streak of overseas orders. In just two weeks, the company has recorded overseas plant orders worth about 500 billion KRW.

This project is the first ordered by LG PETRONAS Chemicals Malaysia Sdn. Bhd, a joint venture between LG Chem and Malaysia's Petronas Chemical Group. NBL is a synthetic rubber material primarily made from butadiene, used in various applications including medical gloves. It offers excellent comfort and durability, leading to expanding usage in medical, industrial, and culinary fields. Especially amid the COVID-19 pandemic, global demand has surged significantly.

DL E&C will independently handle the design, procurement, and construction of a factory capable of producing 200,000 tons of NBL annually. The site is located in the Pengerang petrochemical complex, 414 km southeast of Kuala Lumpur, the capital of Malaysia. Construction is scheduled to begin mid-year and be completed in the first quarter of 2023.

Since entering the Malaysian market in 1974 with the expansion of the Shiboo port, DL E&C has carried out various projects including civil engineering, architecture, petrochemical, and power plants. Currently, it is recognized for its project execution capabilities by various clients, including the construction of an eco-friendly diesel refinery in the Port Dickson area.

Yoo Jae-ho, head of DL E&C’s Plant Business Division, said, “This contract win is the result of recognition of our project execution capabilities by domestic and international partners,” adding, “We will continue to secure high-quality orders in the global market through differentiated technology and know-how.”

This content was produced with the assistance of AI translation services.