May 20, 2012 / 9:51 AM / 7 years ago

S.Korea's Sungdong Shipbuilding wins $556 mln orders

SEOUL, May 20 (Reuters) - South Korea’s medium-sized shipbuilder Sungdong Shipbuilding and Marine Engineering Co Ltd said on Sunday it has won 650 billion won ($556 million) worth of orders for 10 livestock carriers from Pembangunan Buku Hijau Holdings Sdn Bhd, a Kuala Lumpur-based poultry meat processor and supplier.

Under the contract, Sungdong will begin to deliver two different types of livestock carriers from next year, according to a statement from the unlisted company.

The contract includes an option for another 10 similar carriers. It is the first time a South Korean shipbuilder has been chosen to build such types of vessels, the statement said.

$1 = 1170.00 Korean won Reporting by Sung-won Shim; Editing by Elaine Hardcastle

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