Hyundai consortium wins $5bn Russia construction deal

Vania Goncalves 9 Sep 2016 ASIA, EUROPE BUILDINGS

A Hyundai Engineering-led consortium has secured a $5bn construction deal in Nakhodka, Russia.

The consortium, which includes Hyundai Engineerng & Construction (E&C) and Japan’s Toyo Engineering, signed the deal with the Nakhodka Mineral Fertilizers Factory to build fertilizer plants in Kozmino, a port located near the city of Nakhodka.

The consortium will be responsible for the construction of two ammonia production plants with a combined daily capacity of 6,600t, two urea plants with a combined daily capacity of 6,000t and one methanol plant with a daily capacity of 3,000t, according to Korea Times.

The factories are expected to be complete within 62 months.

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