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E-Tech Construction signed a KRW 160.79 billion (approx. USD 132 million) contract with Hyosung Vina Chemicals Co., Ltd. for the HSVC PP5 Project, a polypropylene production plant in Vietnam.
Hyosung Vina Chemicals Co., Ltd. will use LyondellBasell's Spheripol technology for a new 300 KTA polypropylene plant to be built in Cai Mep Industrial Zone, Vung Tau Province, Vietnam.
E-Tech Construction announced on December 26, 2019 a contract with Hyosung Vina Chemicals for the HSVC OL1 Project, valued at KRW 359 billion. The contract runs from September 30, 2019 to September 30, 2021.