VIGLACERA bao bong da so Sinoma to establish a Joint Venture providing engineering services bao bong da so manufacturing equipment in Vietnam
On December 19th, 2016, at the headquarters of Viglacera at No.1 Thang Long avenue, Hanoi, Viglacera Engineering & Construction JSC. (Viglacera) bao bong da so Sinoma International Engineering Co.Ltd. (Sinoma) signed a cooperation agreement to establish a joint venture specializing in providing engineering services bao bong da so manufacturing equipment. This joint venture will be located in Tien Hai – Thai Binh Industrial Park with an estimated total investment in equipment fabrication shop in Vietnam is $ 15 million.
Viglacera Engineering & Construction JSC bao bong da so Sinoma International Engineering Co.Ltd. signed a cooperation agreement under the witness of the Board of Directors of Viglacera Corporation
With the aim of expanding activities in mechanical processing bao bong da so equipment manufacturing for cement production industry bao bong da so related technical services in Vietnam bao bong da so regional markets in Southeast Asia, Viglacera bao bong da so Sinoma jointly agreed to establish a joint venture in Thai Binh province.
The joint venture is expected to be located in Tien Hai – Thai Binh Industrial Park with construction area of about 4.66 ha bao bong da so an estimated total investment in equipment fabrication shop of $ 15 million. The charter capital of the joint venture is $ 7.5 million, 70% of which will be contributed by Sinoma.
Board of Directors of Viglacera Corporation bao bong da so the Board of Directors of Sinoma discussed development programs after the joint venture was established
Under the agreement, the joint venture will operate in these major sectors: manufacturing equipment bao bong da so spare parts for cement production industry, developing production management of cement manufacturing plant, providing overhaul services, consulting technical innovations, consulting engineering bao bong da so related services in the industry; Producing equipment bao bong da so accessories in the industry of ceramic tiles, sanitary equipment, power generation, environmental, minerals, chemicals; Machining bao bong da so fabricating equipment, spare parts bao bong da so providing technical service for other industries based on actual market demand in Vietnam bao bong da so Southeast Asia.
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Sinoma is a public listed company affiliated to China National Materials Group Corporation Ltd. which is subject to the State-owned Assets Supervision bao bong da so Administration Commission of the State Council (SASAC). Sinoma possesses complete cement engineering industry chain, bao bong da so its dry-processing technologies with independent intellectual property right are state-of-the-art bao bong da so on a par with international level. Sinoma is managing several design institutes, construction companies bao bong da so equipment manufacturers such as Sinoma Int. (Tianjin), Sinoma (Nanjing), Chengdu Design & Research Institute of Building Materials Industry Co., Ltd., Sinoma Technology & Equipment Group Co., Ltd., etc. With a workforce of more than 10,000 employees (40% engaged in managerial bao bong da so technological works), Sinoma is currently one of the most biggest cement engineering system integrated service providers in the world. Up to now, Sinoma has approximately 140 cement production lines constructed or under construction in over 70 countries bao bong da so regions as Spain, Italy, Russia, France, Saudi Arabia, Nigeria, UAE, India, Brazil, etc., bao bong da so it has almost completed international market distribution. Sinoma has become a major service provider for international cement technology & equipment bao bong da so engineering market, bao bong da so the international market share has been rated No. 1 for many years in a row. SASAC has listed it as an example enterprise for state-owned enterprises going abroad. Sinoma becomes internationally reputable brand. Sinoma has won numerous awards since its establishment, among them including, National May Day Labor Honor, Advanced Team of State-owned Enterprises, Most Growing Enterprise, ...On March 25, 2013, Sinoma participated BRICS Business Council Meetings bao bong da so Meeting with Five BRICS Heads of State, bao bong da so was elected as the member of first session BRICS Business Council. |
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