Korean builder aims to further expand African ties to secure future projects
Daewoo Engineering & Construction (Daewoo E&C) proudly announces the successful, ahead-of-schedule completion of the **Indorama Fertilizer III Project in Nigeria**. This landmark achievement further solidifies the Korean construction giant’s proven track record in one of **Africa’s largest economies**, reinforcing its strategic commitment to expanding its regional presence and securing future **African infrastructure projects**.
This state-of-the-art **fertilizer production facility** boasts an impressive capacity, capable of producing approximately 2,300 metric tons of **ammonia** and 4,000 metric tons of **urea** daily. Commissioned by the **Indorama Fertilizer Free Zone Enterprise**, the Nigerian subsidiary of the renowned global petrochemical group **Indorama**, this project is a crucial step in boosting regional agricultural output.
Valued at approximately $265 million, the construction of this significant **industrial project** commenced in October 2023. Following an intensive 32-month period, Daewoo E&C brought the project to successful completion in May of this year, a testament to its efficient **project management** and execution capabilities.
Leveraging cutting-edge technology, the **Daewoo E&C-built plant** efficiently produces **ammonia** from locally sourced **natural gas**, subsequently converting it into **urea** through a sophisticated reaction with carbon dioxide. The facility further incorporates an advanced **granulation unit**, specifically designed to process the urea into high-quality, commercial-grade **fertilizer products**, directly supporting **Nigerian agriculture**.
As a nation endowed with one of **Africa’s largest natural gas reserves**, **Nigeria** is strategically investing in its **fertilizer industry** to significantly enhance **agricultural productivity** and drive **economic growth**. This newly completed **fertilizer manufacturing plant** is poised to substantially expand the country’s domestic **fertilizer production capacity**, effectively meeting the escalating demand from its vital agricultural sector and contributing to **food security in Nigeria**.
Underscoring its exceptional **project execution capabilities**, **Daewoo E&C** proudly reports achieving several critical milestones significantly ahead of schedule. The crucial **natural gas feed-in** was finalized on May 5, a remarkable 14 days earlier than initially projected. Initial production of both **ammonia** and **urea** was also accomplished well in advance – 16 days and 19 days early, respectively. Furthermore, the **ammonia and urea plants** reached full operating capacity a full 13 days ahead of schedule, showcasing unparalleled efficiency in **industrial project delivery**.
This impressive feat is a direct result of Daewoo E&C’s extensive and long-standing expertise in **Nigerian construction**, stemming from decades of successful **industrial projects** with **Indorama**, including the previous **Fertilizer I and II plants**. The company’s deep commitment to **local community development** is evident through its robust programs for **workforce development**, strategic **local hiring initiatives**, and cultivation of strong **supply chain partnerships** within **Nigeria**.
With a strategic entry into **Nigeria** in 1983, **Daewoo E&C** has an unparalleled history, having successfully completed 75 diverse projects in the country, collectively valued at an impressive $10.8 billion. Its robust footprint extends across the broader **African continent**, where since 1977, the company has executed approximately 290 projects in 11 nations, including key contributions in **Sudan, Libya, Liberia, Botswana, Ivory Coast, Cameroon, and Mozambique**. This demonstrates its profound commitment to **African development**.
A **Daewoo E&C** official underscored the significance of this achievement, stating, “The successful completion of the **Indorama Fertilizer Plant III** stands as a testament to our accumulated experience and strong local networks across **Nigeria**. Building upon this invaluable trust relationship with our client, we are poised to vigorously pursue **future construction projects** and significantly expand our strategic presence throughout the dynamic **African market**.”
hwkan
