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S. Korea: Hyundai To Ship Urea
- Subject: S. Korea: Hyundai To Ship Urea
- From: moe@xxxxxxxxxxxxx
- Date: Sun, 06 Apr 1997 15:19:00
Subject: S. Korea: Hyundai To Ship Urea Fertilizer To Burma
Dow Jones Business News -- April 3, 1997
S. Korea: Hyundai To Ship Urea
Fertilizer To Burma
AP-Dow Jones News Service
SEOUL -- South Korea's Hyundai Corp.
(Q.HYN), the
trading arm of leading conglomerate
Hyundai
Group, said Thursday it agreed on a
two-year
contract with Burma government
officials to ship
urea fertilizer.
Under the agreement, Hyundai will
supply to
Burma 100,000 tons of urea fertilizer
manufactured by Namhae Chemical Co.,
South
Korea's largest fertilizer maker,
each year starting
in 1998.
In addition, Hyundai signed a
memorandum of
understanding with the Burma
officials to set up
fertilizer packaging and blending
plants in Burma.
Details on the projects have yet to
decided, a
Hyundai official added.
Earlier, Hyundai agreed to ship
80,000 tons of
fertilizer to Burma this year.
Stocks of Hyundai Corp. ended
unchanged at
13,700 won on a volume of 184,470 shares.