Petrolimex Construction 1 Joint Stock Company Group
UUPCOM:PCC28,200.00
VND
-3,800.00
(-11.87%)
Petrolimex Construction 1 Joint Stock Company Group
UPCOM:PCC
(Unlisted Public Company Market)
Recent
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28,200.00
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ROIC.AI
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- Petrolimex Construction 1 Joint Stock Company Group (UPCoM: PCC), widely known as PCC-1 Group, is a Vietnam-based engineering, procurement, and construction (EPC) contractor and industrial manufacturer specializing in energy infrastructure, petrochemical logistics, and civil engineering works. Founded in 1969 as Construction Company No. 1 under the Ministry of Materials and equitized into a joint-stock entity in 2001, the company is headquartered in Hanoi, Vietnam, and operates as an affiliated technical and construction enterprise within the Vietnam National Petroleum Group (Petrolimex) ecosystem. The company operates through four integrated business segments comprising industrial construction and engineering, mechanical manufacturing, building material fabrication, and commercial real estate development. Its core products and services include: the engineering, design, and construction of specialized petroleum tank farms, Jet A-1 aviation fueling depots, liquefied petroleum gas (LPG) and chemical storage terminals, technological pipeline networks, pump stations, and port receiving infrastructure; general contracting for civil and industrial projects, including factories, commercial facilities, and residential complexes; specialized mechanical fabrication, encompassing high-capacity oil and gas storage tanks, pressure vessels, technological piping systems, and heavy structural steel frameworks; the manufacture and supply of construction materials, comprising prestressed concrete spun piles, commercial ready-mixed concrete, precast concrete elements, and wood-plastic composite (WPC) building materials such as doors, flooring, and exterior panels; and real estate project investment, asset development, commercial office leasing, and petroleum-related trading activities. PCC-1 Group serves national energy corporations, industrial enterprises, infrastructure developers, and commercial clients throughout Vietnam, with international construction and installation activities extending into regional markets including Laos, Cambodia, and Thailand. In recent operational developments, the company significantly expanded its construction delivery and precast concrete output, generating consolidated revenue of VND 1.193 trillion in 2024, a 32% year-over-year increase supported by major energy infrastructure contracts and sustained demand for prestressed concrete piles. The company has continued to secure specialized energy logistics bids, including regional fuel storage depot projects, while advancing commercial real estate development partnerships such as the Green Oasis project in Hanoi. Over the 2025–2026 period, PCC-1 Group implemented corporate governance and management transitions, appointing new chief accounting and corporate governance officers, alongside standardizing internal administrative reporting protocols with Vietnamese market regulators to support its long-term operational framework.