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eTEC E&C (CEO, Chang-Suk Oh) announced that it has signed an EPC contract
with Thang Long Cement Joint Stock Company 2 for construction of cement plant
with total price of 260 million USD on 30 July, 2010.
Thang Long Cement is a subsidiary of Geleximco Group, one of the largest private company in Vietnam.
It has a cement production facility in Le Loi region of Quang Ninh providence in north Vietnam
the current cement production capacity of which surpluses 2.3 million tons a year.
This contract is adding a new production line to the existing Thang Long Cement
and eTEC E&C Ltd. will perform construction in turn-key basis from design, procurement,
construction, permission in a consortium with Samsung C&T.
Main equipment will be provided by FLSmidth A/S of Denmark and the project is schedule to be complete
within 29 months.
eTEC E&C has successfully fulfilled its EPC contract for polysilicon project of OCI,
the leading chemical company in Korea, obtaining a good reputation as a specialized engineering company.
President Mr. Chang-Suk Oh said, "eTEC will be able to strengthen its overseas operation through this project"
and "Based on eTEC's abundant EPC project experiences, we will continually seek opportunities
where we can expand our overseas business further".
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