South Korea’s Daewoo Engineering & Construction Co. said Monday its Nigerian unit has won a US$262 million order to build a new fertilizer plant in Nigeria.
The company said Daewoo E&C Nigeria Ltd. won the order from Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) to construct the latter’s third fertilizer plant in Port Harcourt, Rivers state, according to Yondap news agency.
The company said the fertilizer plant will be completed in 35 months but did not disclose the production capacity of the envisioned factory.
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Daewoo E&C’s Nigerian subsidiary had earlier completed IEFCL’s first and second fertilizer plants.
The existing $1.5 billion fertiliser plant in opened in 2017 with an annual production capacity of 1.5 million tonnes of urea fertiliser.
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