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[Breaking] Wooyang HC Signs 33.3 Billion KRW Equipment Supply Contract for Canadian LNG Project

Wooyang HC has signed a contract to supply core equipment for a major Canadian LNG project. According to Wooyang HC on the 27th, the company signed a supply con

Oseong Kwon
Staff Reporter
2 min read
[Breaking] Wooyang HC Signs 33.3 Billion KRW Equipment Supply Contract for Canadian LNG Project
CBC News

Wooyang HC has signed a contract to supply core equipment for a major Canadian LNG project.

According to Wooyang HC on the 27th, the company signed a supply contract with JGC Fluor BC LNG II JV for 'COLUMNS/HEAVY WALL DRUM (CS, SS, CLAD).' The confirmed contract amount is 22.7 million USD (22,700,000), which amounts to 33.285 billion KRW when converted using the initial exchange rate of 1,466.30 KRW per USD as of July 27, 2026.

This order size accounts for 33.00% of the company's most recent revenue (10.085 billion KRW) based on standalone financial statements as of the end of 2025. The counterparty's main project is the 'LNG Canada Project Phase 2,' and the product supply destination is Canada.

Supply will be carried out through in-house production, with the contract period running from July 27, 2026 to December 31, 2027. Payment terms consist of a 10% advance payment, 80% interim payment, and 10% final payment.

Meanwhile, the company stated that the contract amount and period may change depending on the progress of the project.

Oseong Kwon
Staff Reporter

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