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April 20, 2024

KC Cottrell receives W40.5b order from Samsung C&T

PUBLISHED : December 04, 2018 - 15:26

UPDATED : December 04, 2018 - 15:26

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[DISCLOSURE] KC Cottrell (119650) announced on Dec. 4 that it has signed a 40.54 billion won (US$36.65 million) contract with Samsung C&T (028260) to supply and equip electric precipitators for furnaces at a coal-fired power plant in Gangneung, Gangwon Province.

This amounts to 24.1 percent of its 2017 revenue and the contract is valid until Sept. 15, 2023.

By Hwang You-mee (glamazon@heraldcorp.com)

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