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World News and Views :: Projects

Samsung Engineering Enters Latin American Market

1:50 AM MDT | August 14, 2012 | Natasha Alperowicz

Samsung Engineering said today that it received a notification of award (NOA) for an $843 million fertilizer plant from Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company. The award marks Samsung Engineering’s entry into the Latin American market. Additionally, some of the output is expected to be exported to Venezuela and Brazil.   The fertilizer complex will be built at Entre Ríos in the state of Cochabamba, Bolivia. It will be designed to produce 650,000 m.t./year of ammonia...

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