Monday, April 16, 2012

Oriental inks Deck House



Oriental Precision & Engineering of South Korea contracted for a deck house, totalling around KRW 53.06bn ($46.9m), with Samsung Heavy Industries, according to its regulatory filing on April 12.

The contract ends on March 31 2013 and its total value accounts for about 13.6% of recent annual turnover.

Recently, Oriental won orders for about KRW 8.4bn of deck house from Oshima Shipbuilding of Japan and from a Korean shipbuilder Hyundai Mipo Dockyard, valued at around KRW 12.5bn.

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