April 24, 2014 1:27 PM ET

Construction and Engineering

Company Overview of SK Engineering & Construction Co., Ltd.

Company Overview

SK Engineering & Construction Co., Ltd. is engaged in various engineering and construction activities in South Korea and internationally. The company is involved in the planning, feasibility study, design, engineering, construction, test run, sale, maintenance, and project management of national infrastructure, housing, plants, eco-friendly incinerators, and nuclear power plants. Its projects include apartments, villas, and free-standing houses; and business and commercial buildings, cultural and assembly facilities, accommodations, sports facilities, retail shops and malls, communication facilities, education and research facilities, mixed-use buildings, and officetel remodeling projects. T...

SK E&C Building

192 - 18 Gwanhoon-dong

Jongno-gu

Seoul,  

South Korea

Founded in 1962

Phone:

82 2 3700 7114

Fax:

82 2 3700 8200

Key Executives for SK Engineering & Construction Co., Ltd.

Chief Executive Officer
Chief Executive Officer
Age: 54
Director
Age: 58
Executive Managing Director of Business Support Division
Financial Reporting Officer
Compensation as of Fiscal Year 2013.

SK Engineering & Construction Co., Ltd. Key Developments

PTT Global Chemical Public Company Signs the Engineering, Procurement, and Construction Contract for the Aromatics 2 Debottlenecking Project with SK Engineering and Construction Company Limited and PTT Maintenance and Engineering Company Limited

PTT Global Chemical Public Company announced that on November 26, 2013, the company had signed the engineering, procurement, and construction contract (EPC Contract) for the Aromatics 2 Debottlenecking Project with SK Engineering and Construction Company Limited and PTT Maintenance and Engineering Company Limited. This debottlenecking project will increase the nameplate capacity of Aromatics 2 from 1,070,000 tons per year to 1,240,000 tons per year or 16% increase. The total investment would be approximately USD 128.8 million with the target of completion by end of 2015. The raw material for this project is the intermediate product (Reformate from Refinery) which can enhance value added to the overall products of the company.

SK Engineering & Construction Co., Ltd. Presents at Gasification Technologies Conference 2013, Oct-16-2013 08:15 AM

SK Engineering & Construction Co., Ltd. Presents at Gasification Technologies Conference 2013, Oct-16-2013 08:15 AM. Venue: The Broadmoor, Colorado Springs, Colorado, United States. Speakers: Thomas Maramba.

Us Court Axes Pemex Bribery Suit Against Siemens, SK Engineering

US court on July 31, 2013 dismissed a lawsuit filed by Pemex, which accused two engineering firms of bribery in a refinery project. Siemens and SK Engineering were partners in a joint venture called Conproca, which won a contract in 1997 to expand the Cadereyta Jimenez refinery in Mexico. Disputes about cost overruns and delays bedeviled the project. In 2012, Pemex sued Siemens and SK Engineering in US District Court, Southern New York District, alleging that the companies manufactured the cost overruns. To induce Pemex to approve payment for the overruns, Conproca allegedly bribed executives through an intermediary in late 2004. Pemex faced a challenge in litigating the dispute in a US court, since the bribes were paid to a foreign state energy producer by foreign engineering firms for a foreign refinery. Pemex had to prove that it had standing to litigate such a dispute in a US court when so many of the players and actions of the lawsuit took place on foreign soil. Nonetheless, Pemex argued that it had standing. The allegedly fraudulent invoices for the cost overruns were directed from Mexico to a Pemex account in New York. The payments were then transferred to the engineering firms' accounts, which were also in the US. The court ruled that such a US link was insufficient, and it threw out the lawsuit. The US dismissal is the latest among a string of failures for Pemex in its dispute with the engineering firms. The two sides mostly fought about the cost overruns and not the bribery allegations.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 25, 2013
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