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Aluminium Complex project for Samsung Engineering
Edited by : AL CIRCLE
1 min read
Following the completion of 13 mega projects in Saudi Arabia, Samsung Engineering has won three new projects worth about $4 billion. Among these major projects in the Kingdom is an aluminum complex from Maaden, signaling the diversification of its traditional hydrocarbon business into the upstream, industrial and infrastructure sectors, according to H. P. Kong, Samsung Engineering’s executive vice president and chief marketing officer.
Kong said Samsung Engineering had also developed its portfolio by entering into the metallurgy business through the award of the $1.2 billion aluminum smelter contract.
He said Maaden Aluminum, a joint venture between Saudi Arabia’s national mining company Maaden and the US-based Alcoa, has awarded the aluminum rolling mill, casthouse and port facility projects.
The aluminum plants will be built in Ras Al-Khair in northern Saudi Arabia, and has a planned capacity of 750,000 tons of aluminum per year.
Kong said Samsung Engineering had also developed its portfolio by entering into the metallurgy business through the award of the $1.2 billion aluminum smelter contract.
He said Maaden Aluminum, a joint venture between Saudi Arabia’s national mining company Maaden and the US-based Alcoa, has awarded the aluminum rolling mill, casthouse and port facility projects.
The aluminum plants will be built in Ras Al-Khair in northern Saudi Arabia, and has a planned capacity of 750,000 tons of aluminum per year.
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