Paratech Signs 4 Contracts with Samsung Electronics Over 6 Months... Total Orders Worth 79.8 Billion KRW

[Asia Economy Reporter Jang Hyowon] Paratech (CEO Jung Kwangwon), a leader in the domestic fire protection industry, announced on the 19th through a single sales and supply contract disclosure that it has secured two fire protection mechanical construction contracts.

The two contracts disclosed by Paratech are the 'P4 Ph1 Green Building Fire Protection Mechanical Construction' worth 20.9 billion KRW and the 'P4 Ph1 154kV Fire Protection Mechanical Construction' worth 15.8 billion KRW, totaling a large-scale order of 36.7 billion KRW. Both projects commenced on the 15th and are scheduled for completion by March 31, 2024, under contracts with Samsung Electronics.

This recent contract win follows Paratech's December 28 last year contracts totaling 43.1 billion KRW, including the 'P3 Ph2 Complex Building, Green Building Fire Protection Mechanical Construction' worth 11.6 billion KRW and the 'P3 Ph2 FAB (North) Fire Protection Mechanical Construction' worth 31.5 billion KRW, marking a large-scale order achieved in about four months.

As a result, Paratech has attracted market attention by securing approximately 79.8 billion KRW worth of construction contracts from Samsung Electronics over six months.