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Samsung Engineering has entered into an agreement with Vietnam-based, Long Song Petrochemicals Co. to construct a 450,000-ton-a-year high-density polyethylene (PE) plant and a 400,000-ton-a-year polypropylene (PP) plant in Vung Tau City. The project, amounting to 620 billion won (US$551 million), is scheduled for completion in 2022. Samsung Engineering has already secured 6.3 trillion won worth of orders in the first half of 2018.
