World Steel Group signs cooperation contract for US$10 million package of Long Son Petrochemicals project

14:21 | 05/10/2020 Companies

On September 29th, 2020, at Vung Tau Imperial Hotel, World Steel Construction Joint Stock Company and Tan Phuoc Thinh Construction & Investment Joint Stock Company held a signing ceremony of cooperation contract for H&I-8 package of Long Son Petrochemicals Complex Project implementation.  

world steel group signs cooperation contract for us 10 million package of long son petrochemicals project
The signing ceremony of cooperation in design - production - construction of the package worth 10 million USD at Long Son Petrochemicals project took place at Vung Tau Imperial Hotel

Long Son Petrochemicals Complex (Long Son Petrochemicals - LSP) is invested by Thailand SCG Group with a total registered capital of about 5.4 billion USD, located in Long Son district, Ba Ria - Vung Tau province. This is considered the first petrochemicals complex in Vietnam with a capacity of up to 1.6 million tons/year, capable of replacing polyolefins that are imported.

Package H&I-8 belongs to Long Son Petrochemicals Complex project, with an area of 56,000m2 and a total value of up to 10 million USD, was officially signed by Tan Phuoc Thinh Company to hand over to World Steel Group to assume the role of Design - Production and Construction Installation. This is a very important project category in the H&I-8 package.

world steel group signs cooperation contract for us 10 million package of long son petrochemicals project
Mr. Nguyen Khanh Lam - Chairman and CEO, World Steel Construction Joint Stock Company (left) and Mr. Pham Van Triem - Chairman of Tan Phuoc Thinh Investment & Construction Joint Stock Company (right), in the Contract signing ceremony

According to Mr. Pham Van Triem - Chairman of Tan Phuoc Thinh Investment & Construction Joint Stock Company, after a period of carefully reviewing and evaluating the capabilities of many contractors are the leading steel structure companies in Vietnam, the company decided to choose World Steel Group to be the Design and Construction Contractor of the Package H&I-8 of Long Son Petrochemicals Complex project, because World Steel Group is one of the few companies with full power capacity, fully meeting the rigorous criteria of the project and Tan Phuoc Thinh 's expectation for this category.

In addition, in Vietnam, World Steel Group is known as one of the leading Industrial Construction Contractors, specializing in providing package solutions for the fields of pre-engineered steel buildings for industrial use from design, production and construction installation. World Steel Group is increasingly asserting its position in the domestic and international markets by owning many key projects such as: many important categories in Hoa Phat Iron and Steel Complex project, CPV Food, GPPD - Binh Phuoc Becamex energy battery manufacturing factory, many different stages of Tongwei Group's projects in Tien Giang and Hai Duong, export projects to Southeast Asian markets such as: Thailand 7-Eleven project, Philippines Coca Cola Warehouse project,…. especially export projects to the US market. These projects have received the investor's trust, praise and appreciation for the quality of the work, construction progress and implementation capacity.

World Steel Group is also the first company in Vietnam and Asia honored to obtain the IAS AC472 Quality Certificate for the steel structure sector. This is a prestigious certificate recognized by the American Metal Building Manufacturers Association (MBMA) and ICC, and is the standard metric for companies that design and manufacture pre-engineered steel structures and steel building systems for the US market. Achieving IAS AC472 certificate marked an outstanding development and affirmed World Steel Group 's strong competitiveness in the world market.

world steel group signs cooperation contract for us 10 million package of long son petrochemicals project
The leaderships of the two parties took photos after the signing ceremony

The Southern Petrochemicals Complex project (in Long Son commune, Vung Tau city) is one of the projects with a great influence on economic development in Ba Ria - Vung Tau province, expected to be completed in 2022. When put into operation, the project will create a strong spread in many fields, especially supporting industries, attracting new investment trends in the post-petrochemicals sector, creating a resilience for the economy of the province. With a total investment of 5.4 billion USD, the Southern Petrochemicals Complex will attract about 1,000 skilled workers and contribute to the budget of about 60 million USD/year.

Nguyen Duyen