Doosan Vina, Samsung sign manufacturing deal
Korean Heavy Industries Doosan Viet Nam (Doosan Vina) and Samsung Engineering Company (SECL) have signed a framework agreement for a major project in the Middle East.
Doosan Vina said it will commence work on the design, fabrication, assembly, testing, and inspection of refinery equipment for the Crude Flexibility Project (CFP) in Ruwais in the United Arab Emirates for the Abu Dhabi National Oil Company, and delivery is scheduled for early 2020.
The two parties signed a Memorandum of Understanding (MOU) in May, before signing the Framework Agreement in June of 2018, and the latest agreement details of the production of equipment by Doosan Vina was officially signed in Quảng Ngãi Province on November 8.
Last year, Doosan Vina also signed a Memorandum of Understanding (MoU) with five partners from Korea to help them enter the Vietnamese market.
Doosan Vina, situated in the Dung Quat Economic Zone in Binh Son District of the central province, is a high-tech industrial complex with nearly 2,500 employees, supplying mega infrastructure products for thermal power plants, desalination plants, cranes and chemical processing equipment for export.
Doosan Vina is a high tech industrial complex in the Dung Quat Economic Zone of Quang Ngai Province employing 2,000 workers. It manufactures products including boilers for thermal power plants, desalination plants for sea water, cranes, and structural steel for buildings and infrastructure developments.
To date the company has exported products valued at US$2.4 billion.