2017, FECON marks an important step in the field of underground construction, gradually conquer the goal of becoming a leading group in infrastructure construction by 2020

In 2017, FECON became the first Vietnamese contractor to operate the Tunnel boring machine (TBM) at Metro Line 1 TP. Ho Chi Minh City, marked a milestone in the field of underground construction.

With the aim of becoming the leading group in infrastructure construction in Vietnam by 2020, FECON has signed cooperation agreement with NEXCO and JEXWAY (Japan) in May 2017 to develop transportation infrastructure projects in Vietnam and completed the transfer 20% stake of Phu Ly BOT project.

2017 is also the year FECON signed memorandum of cooperation with ACWA Power Group (Saudi Arabia) to increase investment resources in the Vinh Hao 6 Solar project and other renewable energy projects in Vietnam. The investment project of Vinh Hao 6 Solar Power Plant has officially started by the end of 2017.

May 6th, 2016 - Change the company's name to "FECON CORPORATION" (FECON CORP)

On May 6, 2016, FECON has officially changed its name, from "FECON FOUNDATION ENGINEERING AND UNDERGROUND CONSTRUCTION JSC" to "FECON CORPORATION" (FECON CORP).

FECON, now seeks to expand into the infrastructures of urban areas, the environment and energy so that it can become one of the leading infrastructure firms by 2020.

""Name "FECON FOUNDATION ENGINEERING AND UNDERGROUND CONSTRUCTION JSC" has not currently covered the entire business areas which FECON is focusing, including:  transport infrastructure, energy infrastructure and environment infrastructure," said Chaiman Pham Viet Khoa  

June, 2016 - Establishment of FECON South JSC

FECON South JSC was found in June 2016 with the core business focusing on foundation design, and infrastructure construction. The establishment of FECON South affirmed the determination of FECON's leaders in seeking investment opportunities and market expansion to the south.

Members of FECON South JSC

2015 - Establishing 5 new members - Successful Jet Grouting application with the largest diameter of 3.5m - Outstanding success in international connections- Developing and Propagating 5 Core Values

  Consolidating FECON Infrastructure JSC and increasing 51% of the ownership rate. Establishing 4 new member companies: FECON - BMT JSC Kanamoto FECON Hassyu Construction Equipment Rental JSC FECON Rainbow Foundation Construction Co,.Ltd FECON Farm JSC In particular, the establishment of FECON Rainbow Co., ltd - the first company in foreign markets (Myanmar),  has marked a strong growth of FECON in expanding business scope , as well as the cooperation strategy of company leaders. Successful Jet Grouting application with the largest diameter of 3.5m After one year since the day of foundation, FECON Underground Construction Joint Stock Company (FECON UCC) is the only contractor in the market successfully applying Jet Grouting construction of large diameter of 3.5 m at Metro Line No.1 Ho Chi Minh City project. FECON UCC also has manufactured successfully tunnel segment serving upcoming metro projects.  With the advantage of possessing the new technologies in hand together with cooperating with the leading partners from the G7countries, FECON has gone important steps into the field of underground construction in Vietnam which is the main business field  in the strategic target of 2020 and the vision of 2030. Successful connection to foreign investors In 2015, in the strategy to become the leading contractor or local project developer in Vietnam, FECON has successfully connected with the  foreign investors and technologists to research, apply advanced technology and invest in Vietnam through cooperation agreements with Nexco - Japan's leading infrastructure enterprise, research agreement of investment project in Phu Quoc with Vaults Investment Fund (U.A.E); cooperated with FLAG ETS (USA) in investment research on project of high-tech waste treatment plant; cooperated in investment research on railway project with SKD from the Czech Republic; collaborated in researching the application of fiber optic sensor technology in the work of investigation and monitoring work with the National Academy of Engineering of Korea… Developing and Propagating 5 Core Values In 2015, FECON has completed the development of the Code of Conduct, based on 5 core values of the company. This Code of Conduct is the important direction for the sustainable development of the Company, is the guiding principle for all activities of the Company & members. A series of communication activities and training courses were held last year to propagate 5 Core Values to officials and engineers in FECON group.

2014 - Strategic investments in leading companies in infrastructure is TEDI, CIENCO1

      FECON has realized ambition to become the leading company in Vietnam in infrastructure in 2020 through the purchase of its 10% stake in Construction Corporation No 1 (Cienco 1) and 25.76 % of shares in the Corporation Design Consultant transport (TEDI).  

Contribute to National Highway No.1, Phu Ly bypass section construction investment project 

  This is the first project implemented by the consortium of Employer – Contractor FCC, including: FECON Foundation Engineering and Underground Construction JSC (FECON), Cotec Construction JSC (COTECCONS) and Civil Engineering Corporation No.1 (CIENCO 1). In which, the rate of capital contribution is FECON: 40% , COTECCONS: 35%  and CIENCO 1: 25%.  

Improve the efficiency of management by the Management system project SAP ERP 

  On July 17, 2014, at Crowne Plaza West, Hanoi, there took place the launching ceremony of the management system project SAP ERP between FECON JSC and FPT Infomation System. This step would help FECON strongly improve the efficiency of management, resource optimizing, particularly in the context of the change of market.  

Received a strategic investment of DJ for the expansion to the international cooperation on the market 

  Afternoon 06/13/2014, FECON Foundation Engineering and Underground Construction JSC (ticker: FCN) has formally signed a strategic investment cooperation with the Development Bank of Japan - DBJ. Under the agreement, South East Asia- Japan Development Foundation's DBJ would invest in the issuance of convertible bonds of FECON 2014 with investment worth about 195 billion, thereby becoming strategic investors of FECON.

2013 - Established FECON Nghi Son JSC meeting Middle of Vietnam 

  FECON Nghi Son JSC is a subsidary company of FECON Mining JSC, established in may 2013 and located in Nghi Son economic zone, Tinh Gia District, Thanh Hoa province. With production line of PC/PHC pile (diameter: 500-800mm, total capacity: 4000m/day), FECON Nghi Son JSC supplies pre-stressed concrete spun pile for the Middle of Vietnam, Central Highland and Laos markets.

 

Purchased Hai Dang - Thanh Hoa quarry 

In late 2013, with the objective of ensuring the input materials to the two plant manufacturing PC/PHC pile in Kim Bang, Ha Nam and Nghi Son, Thanh Hoa, FECON Mining had resolved to buy 55% stake Hai Dang. Quarries and processing of FECON park has a total area of up to 66 hectares, with reserves of over 5 million m3 of limestone. In preparation for the field goes into production, FECON had more than 40,000 m3 of rock to open the road and mine construction. By design, stone processing line with a capacity of 500 tons/hour, when in operation will provide to market 60,000 to 80,000 m3 all kinds of stone product per month.

2012 - Listed on the Stock Exchange HCM. Ticker: FCN

Became member of the International Tunneling and Underground Space Association 

  June 27, 2012, International Tunneling and Underground Space Association (ITA-AITES) has officially accepted a request of FECON Foundation Engineering and Underground Construction JSC for membership as a Corporate Affiliate Member. Becoming an official member of the ITA-AITES means a great deal to FECON, displaying the Board of Managers’ vision and commitment as well as all employees’ in realizing one of FECON business strategies in the year period from 2012 to 2015. It is that FECON will actively begin designing and construction for tunnels in soft soil. Reportedly, International Tunneling and Underground Space Association ITA-AITES has 64 nation members and 310 corporate members and individuals, in which FECON is the first enterprise in Vietnam officially becoming the corporate member of the ITA-AITES until now.  

2011 - Take Line 2 plant capacity piles Henan FECON 5,000 meters long piles/day into operation 

 Founded FECON Miltec  

FECON Miltec JSC was founded in November 2011, based on joint venture agreement between FECON Foundation Engineering and Underground Construction JSC and Chikami Miltec Inc Company(Japan). With capacity of 3.5 million meters/month, FECON Miltec supplies PVD products in compliance with Japanese and international standards for soft soil improvement, as well as provide for domestic market and export.

2010 - Establishing Institute of Foundation and Underground Engineering FECON

Founded 2/2010, Institute of Foundation and Underground Engineering FECON is the first research institute in a construction business in Vietnam. The mission of the Institute is to conduct foundation investigation, testing ans designing and promote researching and applying the most advanced technologies in the field of foundations, underground construction and infrastructure development closed floor oriented technology for the rapid and sustainable development of the FECON’s system.

2009 - Founded FECON - Shanghai Harbour Soil Improvement JSC 

After completion of the factory FECON-Pile, just only served ABB construction, the world recession and the Great Depression in Vietnam got  FECON into trouble. A series of signed contracts were canceled or postponed, while no less capital and labor had spent.

In the second half of 2009, thanks to the bold introduction of new technologies – soft soil improvement by vacuum consolidation method - in Vietnam, FECON had been engaged in many big projects such as Nhon Trach 2 Thermal Power Plant, PVTex Dinh Vu - Hai Phong, LPG Thi Vai Cold Storage Ba Ria - Vung Tau. Revenue from Soil Improvement was capable of offsetting the shortage of other jobs array. Production and business atmosphere is regained quickly, faith is strengthened, people unite together accept the challenge. From this result, FECON with its partners from Shanghai to launch joint venture company FECON - Shanghai specializes in Soil Improvement.

2008 - Take line 1 FECON pile Henan factory capacity 3,000 meters long piles/day into operation

Marked a milestone in history: Inauguration of the first factory of the system FECON - Factory FECON-Pile (manufacturing of PC/PHC pre-stressed concrete spun pile) on natural time position in Henan favorable terrain. Even in this year, the Company received the Project ABB Tien Son-Bac Ninh, the first project to use branded FECON Pile pile.

2006 - Starting receiving projects from foreign investors, mainly Japan

In 2006, the company  accessed to a series of works from the industrial park away: Que Vo - Bac Ninh, Nomura - Hai Phong, Nguyen Duc Canh - Thai Binh, Tan Truong - Hai Duong, Dong Vang - Bac Giang ... At the same time, FECON started getting projects of foreign investors, mainly Japan. The number of works plus increased exponentially, sales increased exponentially, the after year 2.5 times over the previous year. FECON respect and promote the activities of the community, society. In 2006, FECON started offering scholarships annually for students to overcome poverty in Y Yen District, Nam Dinh.

Expanding business areas including pile driver, pile testing and soil investigation 

With effort and determination of a team of engineers as well as Directorate, in 2005, the company's projects increased significantly, field activities were also expanded, including pile driver, pile testing and soil investigation. HR up to 30 people, with sales up 2.5 times from the previous year, the total value of assets also doubled.

06/2004 - FECON was founded by a group of engineers and leading experts

FECON was established on 18/6/2004 by a group of highly qualified engineers and leading experts in the field of foundation engineering and underground construction. With the total capital of 2.5 billion VND, FECON started up with the first project of Big C Supermarket Center - Tran Duy Hung. After that, success in Melinh Plaza Hypermarket and Metro 2 Supermarket – Hanoi projects brought to FECON 5 billion of revenues. Means of transport at that time were motorcycles, bicycles and buses. Construction equipments mostly were leased from other private companies…

FECON's core business recently 1.Construction Business Focus

• Foundation and Soil improvement

• Geotechnical consultancy, soil investigation and foundation testing
• Design and manufacturing of PC/PHC pre-stressed concrete spun pile
• Piling work
• Soil improvement and manufacturing high quality pre-fabricated vertical drains (PVD) for soil improvement

• Underground construction

• TBM construction
• Soil improvement, waterproofing of underground structures by Jet Grouting, Chemical Grouting, Tam Grouting
• Health monitoring, smart structures in tunneling construction
• Tunnel segment manufacture

• Infrastructure construction

• Civil work
• Road construction
• Port and waterway construction
• Landslide prevention and slope stabilization

2.Investment focus

• Energy infrastructure
• Transport infrastructure
• Urban infrastructure and Enviroment

3.Supporting business

• Machinery supply
• Mining and construction material supply
• Human resource supply

With business guideline for providing comprehensive solutions for foundation works, FECON commits to providing solutions, product, and services to meet the maxium requirement of customers and investors from the fisrt stages of geotechnical consulting, soil investigation, foundation testing, designing, supplying anh construction to the last of monitoring.