Signed a converted contract(EPC LSTK) for Kayan HDPE PROJECT, Saudi.

DATE 2010.01.03

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Signed a converted contract(EPC LSTK) for Kayan HDPE PROJECT, Saudi.
On 19 OCT 2009, Daelim signed an additional contract (EPC LSTK) for Kayan HDPE project in Saudi Arabia. Kayan HDPE project, building HDPE production facilities with annual capacity of 400,000 tons, has been proceeding with 52,978,000 US dollars of construction price under EPsCM contract. Upon this EPC LSTK contract, construction price increased to 545,000,000 US dollars (including EPsCM). Kayan HDPE Project is planned to be completed on 26 AUG, 2010.