Vietnam Machinery Installation Corporation
UUPCOM:LLM31,400.00
VND
+2,400.00
(+8.28%)
Vietnam Machinery Installation Corporation
UPCOM:LLM
(Unlisted Public Company Market)
Recent
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31,400.00
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yld
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ROIC.AI
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- Business
- Vietnam Machinery Installation Corporation - JSC (UPCOM: LLM), commonly known as LILAMA, is a Vietnam-based engineering, procurement, and construction (EPC) contractor and heavy mechanical engineering enterprise specializing in machinery erection, industrial equipment fabrication, and comprehensive plant construction. Founded in 1960 and headquartered in Hanoi, Vietnam, the corporation operates as a leading contractor and equipment manufacturer for the energy, petrochemical, metallurgy, and heavy industrial sectors across domestic and international markets. The corporation operates across several core business segments, offering integrated products and services that include: Engineering, Procurement, and Construction (EPC), Turnkey, and Balance of Plant (BOP) contracting for thermal power plants, hydroelectric stations, liquefied natural gas (LNG) power facilities, oil refineries, petrochemical complexes, cement factories, fertilizer plants, and steel mills; mechanical fabrication and heavy equipment manufacturing, including high-pressure vessels, heat exchangers, industrial boilers, storage tank systems, heavy structural steel frameworks, ducting, and material handling conveyors; precision equipment assembly, piping installation, electrical engineering, automation, and instrumentation setup for high-capacity turbines, generators, and industrial control systems; plant commissioning, maintenance, non-destructive testing (NDT), calibration, and overhaul services for operating industrial and infrastructure assets; manufacturing and export of modular equipment, process skids, and precision metal fabrications; and industrial vocational training, construction materials supply, logistics, and real estate leasing. LILAMA executes projects throughout Vietnam and exports specialized fabricated components globally through a nationwide network of specialized subsidiaries, production yards, and technical centers. In recent developments, LILAMA has advanced strategic initiatives focused on the transition to clean energy, high-tech module export manufacturing, and financial restructuring. The corporation has expanded its role as a key EPC contractor for major national energy transition projects, prominently executing the engineering and installation of the Nhon Trach 3 and 4 Power Projects, Vietnam's first commercial LNG-fired power generation plants. Furthermore, LILAMA has strengthened strategic manufacturing alliances with global engineering conglomerates, including Siemens Energy and ThyssenKrupp, to manufacture and export high-precision modular equipment, such as green hydrogen electrolyzer modules, heat recovery steam generators, and process equipment for industrial projects in Europe, North America, and Asia. Operationally, the corporation continues to implement its corporate restructuring and capital rationalization program, streamlining subsidiary ownership, divesting from non-core operations, and investing in advanced automated welding, 3D modeling, and digital project management systems to expand its presence in global engineering and industrial supply chains.