Page 17 - Daewoo Engineering News Today

Global competition heats up over Daewoo E&C takeover

Daewoo director, project manager plead guilty to bribing former LTA deputy group director Toggle share menu Advertisement Daewoo director, project manager plead guilty to bribing former LTA deputy group director Ro Sungyoung (left) and Kim Young-gyu (right) walk out of the State Courts on Jul 24, 2020. (Photo: Jeremy Long) 07 May 2021 04:00PM) Share this content Bookmark SINGAPORE: A director and a project manager at an engineering and construction firm pleaded g...

Hanwha scion draws attention amid envisioned sale of Daewoo E&C Posted : 2021-05-05 15:59 By Park Jae-hyuk, Kim Hyun-bin Hanwha Group Chairman Kim Seung-youns youngest son, Kim Dong-seon, who is in charge of global strategies at affiliate Hanwha Energy, has come under the spotlight recently for his close relationship with potential buyers of Daewoo Engineering & Construction (Daewoo E&C). Hanwha headquarters in SeoulAfter the builders owner, KDB Investment, made an apparent attempt to encoura...

Published April 30, 2021, 11:03 AM ILOILO CITY – According to the National Irrigation Administration (NIA), the mega dam project in Iloilo province will be operational by 2024. MEGA DAM. Construction for the foundation of the Jalaur High Dam, one of the three major dams of the Jalaur River Multipurpose Project-Stage II (JRMP-II) in Calinog town, Iloilo province. (NIA-6 / MANILA BULLETIN) Engr. Jonel Borres, NIA-6 regional manager, said the P11.2-billion dam in Calinog town can start to suppl...

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Published April 22, 2021, 3:42 PM ILOILO CITY – The National Irrigation Administration (NIA) has reported that the P11.2-billion mega dam in Calinog, Iloilo is 38 percent complete. Construction for the foundation of the Jalaur High Dam, one of the three major dams of the Jalaur River Multipurpose Project-Stage II (JRMP-II) in Calinog town, Iloilo province. (NIA-6/MANILA BULLETIN) The NIA said the Jalaur River Multipurpose Project-Stage II (JRMP-II) has surpassed its quarterly target for the ...

Daewoo E&C shares rise on reports of merger talks Posted : 2021-04-20 16:55 SkyLake Investment expected to bid for Daewoo E&Cs acquisition By Anna J. Park Daewoo Engineering & Construction shares closed up over 5 percent Tuesday on news that the builder is again up for sale. Daewoo E&C finished at 7,210 won ($6.48), up 5.1 percent from the previous session. Foreign as well as institutional investors were behind the buying spree, as retail investors were net sellers. The stock price touched a ...

REFINERY NEWS ROUNDUP: Gasoline demand rising in Middle East Fujairah’s 95 RON gasoline market could rise to pre-pandemic levels in the coming months on increased demand and limited supply, according to regional traders. Gasoline availability has been tight as supply has not been matching demand. “There are minor refinery shutdowns and demand is picking up as summer comes,” a trader said. “People drive more as there are no lockdowns in the region.” According to S&P Global Platts data,...

New and revised entries ** Saudi Satorp refinery is gradually coming back after partial works, according to trading sources. The scheduled partial works have been ongoing since the second half of February. ** Syrias Banias refinery has resumed operations after receiving fresh supply of crude oil, the countrys SANA news agency reported April 10 citing the refinerys director general. The refinery has returned to work following a one-month shutdown because of the lack of crude oil. Separately, a f...

Caligo Mayor Francisco Calvo (Calinog Facebook Page / MANILA BULLETIN) Mayor Francisco Calvo of Calinog issued an order temporarily halting work by Daewoo Engineering & Construction Co. Ltd. on the Jalaur River Multipurpose Project-Stage II (JRMP-II) undertaken by the National Irrigation Administration (NIA). Calinog Municipal Administrator Rachel Manero said in a phone interview that the municipal government halted work for 14 days e after health officials learned that the 27 infected workers ...