Student: Nguyen Manh Ha
Class: BEN 10
International Business
LILAMA: Lessons of experience from international business cooperation expanding in the Middle East market.
Lilama Corporation was established in 1960 as a state-owned company with the major career is mechanical fabrication and installation. Through 50 years of non-stop development, Lilama has grew up with the permanent employees of around 20.000. At present, Lilama is the leading EPC contractor in Vietnam with many national major projects such as Uong Bi Extension Thermal Power Plant, Dung Quat Oil Refinery, Son La Hydro Power Plant….
One of the strategic orientation and development goals is standardize and consolidate in order to lead Lilama to become a large industrial corporation in Vietnam and Asia, professional EPC contractor and manufacturer of mechanical equipment, has brand-name in the world and participate in the global product chain.
The Middle East’s market is very huge, especially this market includes many big corporations such as Technip, Samsung, Hyundai, Bechtel, SK… Although financial crisis happened in 2008 but the owner of oil refinery plants in the Middle East still invested billions of dollars in upgrade, innovation, new plants construction.
To realize that Lilama is the partner who has reality qualification, professional project management according to international standard, thus, in 2009, on the occasion of official visit of the Prime Minister in the Middle East countries, Lilama signed the cooperation agreement with Technip (French Contractor) in the Middle East market when Technip has contract.
In October, 2009, Technip won 02 EPC contract belong to Jubail Oil Refinery Project in Saudi Arabia due to Saudi Aramco is the owner. In order to turn the cooperation agreement into the truth, Technip invited Lilama for participate in fabrication and equipment installation of the