With the capacity and reputation that has been affirmed in foundation work, FECON was chosen as one of the main contractors supplying and installing PHC piles D400-D600 for Formosa Ha Tinh project. It is the largest foreign-invested project in Vietnam with total investment of USD22 billion.
This is the first contract which FECON signed with investor. According to the progress of the contract commitment, through 2012, FECON would supply and install 100,000 metres of piles among 1,2 million metres of piles in total.
According to original proposal, the Formosa project consists of a steel factory with an annual capacity of 22 million tons a year, a deep-water seaport for ships of up to 300,000 tons and a 2,100 MW power plant. Once it is completed, this will be the largest steel complex in Southeast Asia.
|Project||Formosa Ha Tinh Project|
|1||Employer||Hung Nghiep Formosa Ha Tinh Steel Co,. Ltd (Taiwan)|
|2||FECON’s work||Soil investigation, supply and installation of piles|
|3||Total investment of first phrase:||USD10 billion|
|4||Time schedule||January 1st, 2014 to March 30th, 2014|
|5||Location||Vung Ang industrial zone, Ha Tinh province|