OPCO signs a 12-million dollar deal with Hyundai Mipo Dockyard
Oriental Precision & Engineering (“OPCO”) has signed a 12-million dollar deal with Hyundai Mipo Dockyard to deliver deckhouses, engine room casings, and funnels by December 2011.
As the economy is picking up steadily, and with OPCO’s aggressive sales effort, the company has been enjoying a continuously increasing number of orders received this year.
OPCO plans to work vigorously to secure additional orders for the rest of the year, and with the experience the company has gained from 30 years of building quality ships and ship components, OPCO promises to deliver the quality and the price that can satisfy its clients.
Supply contract announcement
1. Sales item |
DECK HOUSE |
2. Sales contract |
Contract amount (KRW) |
12,580,700,000 |
Recent sales (KRW) |
324,151,870,507 |
Contract amount per recent sales |
3.88% |
3. Client |
Hyundai Mipo Dockyard, Co., Ltd. |
-Relationship with OPCO |
- |
4. Region |
Domestic: Ulsan |
5. Contract period |
Begins on |
2011-04-05 |
Ends on |
2011-12-01 |
6. Major contract terms and conditions |
- |
7. Sales and delivery method |
In-house production |
Yes |
Outsourcing manufacturing |
N/A |
Misc. |
- |
8. Contract date |
2011-04-05 |
9. Other investment-related information |
1. The above contract amount includes sales tax. 2. The above recent sales is based on the sales total at the end of 2010 fiscal year. | |