Daewoo wins order in RI

Daewoo wins order in RI

SEOUL (Reuter): South Korea's Daewoo Corp said yesterday it
had secured a US$208 million contract to build a cement plant for
Indonesia's PT Semen Bosowa Maros.

"The Indonesian company on Tuesday confirmed that it has made
a final decision to give us the order," a company spokesman said.
"The formal contract will be signed in April."

Daewoo is due to start the construction of the 1.8 million
tons a year cement plant in the island of Sulawesi soon after the
turn-key base contract is signed.

The plant will be completed by April, 1998, he said.