DYPNF Secures New 7.5 Billion Won Order for Saudi Kayan Project... "Order Backlog Surpasses 470 Billion Won"

DYPNF, a specialist company in powder conveying systems, announced on the 23rd that it has secured a $5.8 million (approximately 7.54 billion KRW) MCS (Mechanical Conveying System) construction contract for the Saudi Kayan Polycarbonate Project.

Through this contract, DYPNF will participate in the "Saudi Kayan Polycarbonate Plant Facility Maintenance Project." The "Saudi Kayan Polycarbonate Plant" is a petrochemical facility operated by Saudi Kayan Petrochemical, a joint venture between the Saudi state-owned company SABIC and Al Kayan Petrochemical.

In this project, DYPNF will supply a bucket conveyor system package for transporting the raw material Bisphenol A (BPA). A bucket conveyor is a conveying system that uses buckets attached to chains or belts to transport objects from lower to higher locations.

A DYPNF representative stated, "Based on our advanced technology and price competitiveness, we are expanding orders in the global market in the powder conveying system sector, including PCS and MCS," adding, "We expect the record-high order backlog secured to be recognized as sales soon, leading to rapid growth in performance."

Meanwhile, DYPNF is the leading domestic specialist company in powder conveying systems, holding a unique position alongside Germany's Coperion and Zeppelin. With increasing new orders from domestic and international petrochemical and energy companies and the resumption of projects delayed by COVID-19, the company is recording unprecedented order volumes. As of the end of September this year, the order backlog stands at 470 billion KRW.

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