$145 million!

On December 14, South Korea's Hankuk Carbon Company and Samsung Heavy Industries signed a contract for the supply of ultra-low temperature insulation materials for LNG ships and LNG-powered ship cargo holds, with a total contract value of about US$145 million
.

The contract value signed by Hankuk Carbon and Samsung Heavy Industries is 172.
14016 billion won, equivalent to 41.
82% of the company's sales last year.
The contract start date is December 14, 2021, but the termination date has not yet been determined
.

Hankuk Carbon said: "Due to the nature of the industry, the supply time of thermal insulation materials will follow the ship construction schedule
.
"

Previously, on July 19, Hankuk Carbon signed a supply contract with Hyundai Heavy Industries and Hyundai Sanhu Heavy Industries for the supply of ultra-low temperature thermal insulation materials for the cargo hold of LNG carriers
.
Among them, the contract value signed with Hyundai Heavy Industries was 78.
55607 billion won, equivalent to 19.
08% of the company's sales last year; the contract value signed with Hyundai Samho Heavy Industries was 60.
85958 billion won, equivalent to 14.
78% of the company's sales last year
.
The total contract value signed with the two shipping companies is about 139.
4 billion won (about 121 million US dollars)
.

Hankuk Carbon is a company that produces thermal insulation materials for ships and marine engineering equipment.
It is also the main international manufacturer of LNG marine thermal insulation foam boards.
It has long been one of the three major Korean shipbuilding companies such as Hyundai Heavy Industries Group, Samsung Heavy Industries, and Daewoo Shipbuilding.
Supply ultra-low temperature insulation materials for LNG ship cargo hold
.