{
  "id": 18054897,
  "title": "Daewoo E&C Wins Nigeria Fertilizer Plant Order",
  "url": "https://urgent.news/2026/11/04/daewoo-e-c-wins-nigeria-fertilizer-plant-order",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-04T02:28:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=280402"
  },
  "original_language": "en",
  "account": "Daewoo Engineering & Construction has secured a significant petrochemical project worth 350.0 billion won ($253.02 million) in Nigeria, showcasing its prowess in the global plant market. The company secured a Letter of Award (LOA) from IF FZE, the Nigerian subsidiary of Indorama, for the Indorama Fertilizer Train 4 Project. The facility, to be constructed in Port Harcourt, Rivers State, Nigeria, boasts a capacity of producing 2,300 tons of ammonia daily, 4,000 tons of urea daily, and 4,000 tons of granular urea daily. Daewoo E&C will serve as the main contractor, handling the entire construction process.\n\nThis win is especially noteworthy as it follows Daewoo E&C's successful completion of construction for Indorama’s fertilizer plants Trains 1, 2, and 3 in Nigeria, along with associated auxiliary facilities. Notably, Daewoo E&C demonstrated exceptional project management capabilities for Train 3, which was finalized on May 30, by meeting milestone targets ahead of schedule. This early progress fostered strong trust with the client, ultimately leading to the selection of Daewoo E&C as the contractor for Train 4.\n\nDaewoo E&C has been active in Nigeria since 1983, undertaking a total of 75 projects valued at approximately $10.8 billion. On a broader scale, the company has executed about 290 construction projects across 11 African countries, including Libya, Mozambique, and Côte d'Ivoire, with its journey beginning in Sudan in 1977. Looking ahead, Daewoo E&C anticipates further overseas plant orders, currently leading the bid for the Mozambique LNG project and the Papua New Guinea gas processing plant project. Final contracts are yet to be signed.\n\nDaewoo E&C's ascent in the global market is driven by the increasing demand for energy infrastructure. The company plans to bolster its presence in high-value-added projects centered around strategic markets, both in Nigeria, Africa, and globally. A Daewoo E&C official attributes the LOA to the company's acknowledged technological capabilities and project management prowess, emphasizing their intention to actively seek follow-up business opportunities in Nigeria, Africa, and worldwide, leveraging their extensive expertise and local networks.",
  "summary": "Daewoo Engineering & Construction has won a large-scale petrochemical project worth 350.0 billion won ($253.02 million), once again demonstrating its competitiveness in the global plant market.The company said on Nov. 4 that it had received a Letter of Award (LOA) from IF FZE, the Nigerian subsidiar",
  "key_points": [
    "Daewoo E&C secures 350M USD petrochemical project in Nigeria",
    "Company awarded LOA for Indorama Fertilizer Train 4",
    "Daewoo E&C has completed 75 projects in Nigeria"
  ],
  "editors_take": "Securing this contract reinforces Daewoo E&C's position as a preferred partner in the African energy sector by leveraging a proven track record of meeting construction milestones ahead of schedule.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}