November 21, 2008

PEB Steel inks deal to build Doosan factory

It is reported that PEB Steel Buildings Co Ltd recently signed a USD 17 million contract with South Korea’s Doosan Heavy Industries and Construction Co Ltd. to provide a pre engineered steel building for the latter in Quang Ngai Province’s Dung Quat Economic Zone. PEB Steel Buildings Co Ltd will supply steel structures to build a mega complex in the zone and would manufacture 10,000 tons of steel structures to set up several buildings.

Mr Dean Borg GM of PEB Steel said that “We are proud to be the supplier to Doosan Heavy Industries and Construction Company Ltd. This contract proves that PEB Steel is able to successfully compete on the largest, most complex projects.

The Doosan Vina Complex, capitalized at USD 200 million currently underway in Dung Quat is part of the Korean company’s USD 260 million project in the economic zone. The Doosan Vina Complex when in full operation will manufacture and provide hi tech products, such as machines for power generation, seawater filtration, chemical process equipment, heat recovery steam generators, rail mounted quay cranes, evaporators and wind power equipment among others. It is scheduled to be operational in late 2008.

PEB Steel specializes in the fields of design, fabrication and erection of pre engineered steel buildings and it is currently working on around 3,000 construction sites around Vietnam. The wholly foreign invested company now holds about 20% of Vietnam’s pre engineered steel market share. It has exported structures for several large projects this year including a 4,000 tonnes steel mill structure to Bangladesh. It also completed a 37,500 square meter factory for Unilever in Binh Duong Province among many other projects.