Samsung Engineering Co. (KSE:028050), South Korea's largest industrial plant builder, on Monday said it has clinched two orders worth 1.6 trillion won (US$1.49 billion) to build a liquefied natural gas (LNG) terminal in Mexico and to expand a refinery in southeastern South Korea.

Under the 1.16 trillion-won deal with S-Oil Corp. (KSE:010950), South Korea's third-largest refiner, Samsung Engineering will expand the refiner's plant in Ulsan, an industrial city about 400 kilometers southeast of Seoul, by January 2011, the company said in a regulatory filing.

The US$439-billion deal with Samsung Ingenieria Manzanillo S.A de C.V. also calls for Samsung Engineering to build an LNG terminal in Manzanillo, a port west of Mexico City by December 2011, the South Korean industrial builder said.

Shares of Samsung Engineering rose 3.5 percent to 68,000 won as of 2:48 p.m. on the Seoul bourse.


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