Lilama 18 launches venture with Japanese steel structure makers

A joint venture between Lilama 18 company and four Japanese specialist steel structure producers made its debut as ‘USF Vina-Japan’ on April 7.

Lilama 18, an affiliate of the Vietnam Machinery Installation Corporation (Lilama), holds 15 percent of the newly-established company’s stakes, while Mitsubishi contributes 30 percent; Takigami, 30 percent; Metal One Corp, 15 percent; and Marusada, 10 percent.

The joint venture received a licence to build a factory worth 5.74 million USD at the Vietnam-Singapore Industrial Park (VSIP) in southern Binh Duong province. The plant will be capable of producing 6,000 tonnes of steel structures per year when it becomes operational in January 2009.

The transfer of technology to USF Vina-Japan is now underway and a number of engineers have been sent to Japan for further training.

USF Vina-Japan said it will focus on producing framed steel products used in bridge and high-rise building construction.

VNA

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