# Dongsung Finetec wins W192.3B LNG carrier insulation contract

Dongsung Finetec signed a cryogenic insulation supply contract with HD Hyundai Heavy Industries worth 192.3 billion won ($143 million) for LNG carriers, covering Mark III Flex+ systems for vessels including those for a major Japanese shipowner.

- Type: Contract
- Announced: 2026-11-05
- Where: South Korea
- Value: $143.0M (192.3B KRW)
- Status: announced
- Products: cryogenic insulation for LNG carriers, Mark III Flex+ cargo containment system
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dongsung Finetec](https://endata.com/companies/2249.md)
- [HD Hyundai Heavy Industries](https://endata.com/companies/12220.md) (customer)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/10926851), 2026-11-05: "Dongsung Finetec, the energy solutions arm of Dongsung Chemical, announced Thursday that it has signed a cryogenic insulation supply contract with HD Hyundai Heavy Industries worth 192.3 billion won ($143 million) for LNG carriers."
- [en.sedaily.com](https://en.sedaily.com/finance/2026/11/05/dongsung-finetec-wins-1923-billion-won-lng-carrier), 2026-11-05: "Dongsung Finetec said on the 5th that it has signed a 192.3 billion won ($133 million) contract with HD Hyundai Heavy Industries to supply cryogenic insulation materials for liquefied natural gas carriers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.