String of contracts sees Fecon working at full tilt
Fecon Foundation Engineering and Underground Construction JSC has recently announced its successful bids for a string of new projects, with the total contract value surpassing VND200 billion (US$9.3 million).
In July 2015, Fecon, a leading contractor in foundation engineering and underground construction in Vietnam, was chosen as the top choice for foundation work for the engineering-procurement-construction (EPC) contractors at the Samsung Ho Chi Minh City and Samsung Bac Ninh complexes by global tech giant Samsung Group.
At the Samsung Display project based in the northern province of Bac Ninh, the total contract value of Fecon, with Samsung C&T, and Cheil Industry contractors, came to VND88 billion (USUS$4.09 million) while the company’s two bidding packages at the Samsung Ho Chi Minh City complex registered about VND35 billion (USUS$1.6 million) in the total value.
The company’s deals with Samsung project contractors alone surpassed the VND100 billion (US$4.6 million) mark. Also last month, Fecon won the bid to build an approach road linking the Tan Vu bridge and the Lach Huyen port in the northern port city of Haiphong, with the total contract value surpassing VND40 billion (US$1.9 million). This is Vietnam’s longest sea-crossing road and bridge work, and one of the longest sea-crossing engineering works in Southeast Asia to date.
The company also became the foundation and underground work contractor at a number of other projects, such as the second-phase of the Ho Chi Minh City waste-water treatment plant, the second-phase of the Xuan Thanh cement plant, and hi-end Hanoi-based property project The Manor Central Park. These projects’ total contract value has exceeded VND56 billion (US$2.6 million).
With a pipeline full of on-going projects, Fecon employees will be working at full tilt until the end of the year so as to meet customer expectations.