WCA March 2012

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Wire & Cable ASIA – March/April 2012 17
POSCO Engineering & Construction
has won the main contract from Gulf
Advanced Cable Insulation Company
for the engineering, design
procurement and construction of a
wire and cable compounding plant in
Jubail Industrial City.
The Korean contractor will build the
plant to produce power cable
insulation materials at the site of Saudi
International Petrochemical Company
(Sipchem). Sipchem jointly owns Gulf
Advanced with Korea’s Hanwha
Chemical Corporation.
The plant is expected to begin
operations in the third quarter of 2013.
The major feedstock for the plant will
be sourced from the International
Polymers Company, a Sipchem
affiliate. The award is a major step in
the expansion of downstream products
for Riyadh-listed Sipchem.
Hanwha – part of the Hanwha Group –
is among Korea’s most diverse
business conglomerates. Its business
lines include a wire and cable
compounding business. The Jubail
venture represents the company’s
“strong commitment to Middle East
region as an essential part of its
globalisation process.”
POSCO Engineering & Construction
– Korea
Fax:
Email:
Website:
Contract for Jubail
wire cable plant
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