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Lilama expands international cooperation
The Vietnam Machinery Erection Corporation (Lilama) is expanding its international cooperation by speeding up work to establish a construction machinery company with a Russian partner.
In addition, Lilama will soon open a series of representative offices in potential markets, including Russia , while promoting its products in new markets in the Middle East, Africa and Latin America .
Lilama is a leading corporation in equipment manufacturing and construction for key industry projects. It is also the Engineering-Procurement-Construction (EPC) contractor for cement, power and oil refinery projects.
The corporation has more than 10 engineering factories capable of manufacturing over 150,000 tonnes of equipment every year.
The company’s equipment has been used in the Sao Mai, Nghi Son and But Son cement plants and the Uong Bi, Na Duong and Vung Ang thermo-electricity projects.
Lilama plans to manufacture turbines for under 300-MW hydroelectricity plants and synchronous production lines for cement plants.
Lilama General Director Pham Hung says the enterprise is also investing more than 4.1 trillion VND in building its own power, cement and steel plants and is currently speeding up ground clearance to construct the Vung Ang 1 thermoelectricity plant and the Do Luong cement plant.
However, Deputy General Director Vu Van Dinh said there are shortcomings in the enterprise’s competitiveness, especially in international contracts, due to high labour costs and installation fees.
To overcome these issues, last year Lilama set up four companies to provide consultation on managing, designing and implementing power, cement and machinery installation projects.
In its quest to become a strong construction industrial group by 2010, the company also plans to buy shares in high-performing banks and financial companies.
VNA
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