December 03, 2008

Lilama 18 and 4 Japanese firms launch steel structure JV

VNA reported that a joint venture between Lilama 18 company and four Japanese specialist steel structure producers made its debut as USF Vina Japan on April 7th in Vietnam.

As per report Lilama 18, an affiliate of the Vietnam Machinery Installation Corporation holds 15% of the newly established company’s stakes, while Mitsubishi contributes 30%, Takigami 30%, Metal One Corp 15% and Marusada 10%.

The joint venture received a license to build a factory worth USD 5.74 million at the Vietnam Singapore Industrial Park 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.