Appreciated for its construction capacity, progress and quality, Construction Joint Stock Company 47 (HOSE: C47) continued to be signed more contract amendments by the Client – Hoa Phat Dung Quat Steel JSC for additional workload with pre-tax value of more 201 billion VND, totaling the signed contract amount up to 440.9 billion VND.

On September 28, 2022, Construction Joint Stock Company 47 (HOSE: C47) was awarded and signed the Amendment No.6 to the Original Contract No.0388/2022/HDXD/HP-CC47 by the Client – Hoa Phat Dung Quat Steel JSC for additional workload under the Package of ground lowering construction of Zones 32A and 51A – Hoa Phat Dung Quat 2 Steel Integrated Complex Project valued more 201 billion VND, totaling the signed contract value before tax up to 440.9 billion VND.

Hoa Phat Dung Quat 2 Steel Integrated Complex Project, with a construction area of over 280 hectares, adjacent to Hoa Phat Dung Quat 1 Steel Integrated Complex Project, designed capacity of 5.6 million tons of hot rolled coil (HRC) per year, total capital of 85,000 billion VND invested by Hoa Phat Dung Quat Steel JSC and expected to be completed and put into operation in 2024.

Manpower and equipment are prerequisites to ensure completion of the schedule and workload that assigned to C47 by the Client. From the works commencement until now, C47 has concentrated all resources for the construction of items, excavation work to lower the ground of the project with total volume of about 2,500,000 m3 (of which: earth excavation nearly 1,100,000 m3, rock excavation nearly 1,400,000 m3).

Expected that next time C47 will increase additional manpower and equipment for the construction to ensure the progress, in which priority completing the deep excavation zone with volume of about 450,000 m3 by January 30, 2023 to hand over the site plan to the Client for their preparation of building the HRC plant facilities of the Project.

Besides the construction of Hoa Phat Dung Quat 2 Steel Integrated Complex Project, currently C47 is also undertaking the domestic and oversea large-scale projects that using mechanizations such as Nam Phak Hydropower Project in Lao PDR (C47’s value nearly 800 billion VND), Hoa Binh Hydropower Plant Expansion Project (C47’s value nearly 1,000 billion VND), Long Thanh International Airport Project, etc. C47’s mechanization capacity, only 2022, has been focused and approved to invest by the Board of Directors and Management Board appropriate to the development scale of the Firm and the specificity of each project, the professionalism in management and construction organization is trusted and highly appreciated by the Clients.

By the Client’s trust on capacity that awarded the Amendment No.6 for adding the workload and value at Hoa Phat Dung Quat 2 Steel Integrated Complex Project, C47 affirmed its brand, prestige and professionalism in management and construction of the projects undertaken by the Company. At the same time, showing the suitability on the Firm development orientation that BOD has set out for period of 2020 – 2025.

On September 8, 2022, at Hai Au Hotel, Quy Nhon city, Binh Dinh province, Construction Joint Stock Company 47 (HOSE: C47) celebrated the 47th Anniversary of the Company Establishment (September 8, 1975 – September 8, 2022). Attendance at the Ceremony were representatives of Leaders of People’s Committee, Leaders of Departments and Bodies of Binh Dinh province; The Employers; the joint ventures and associated units with C47; Members of the Board of Directors (BOD), the Board of General Directors, the Internal Audit Committee, the Executive Committee of the Party Committee, the Executive Committee of the Grassroots Trade Union, leaders of affiliated units, representatives of officials, staffs and employees of the whole Company and the retired employees for attending.

On September 8, 1975, Construction Joint Stock Company 47 was established by Ministry of Water Resources, now Ministry of Agriculture and Rural Development, on the basis of a Mechanical Construction Team of Zone V, named Irrigation Construction Company 7 under Ministry of Water Resources and tasked for construction of the irrigation and hydropower projects in the central and highlands provinces. Following policies of the Party and the State on the renewal and reorganization of State enterprises, on December 8, 2004, the Ministry of Agriculture and Rural Development made a decision to transform Construction Company 47 – a state-owned enterprise into Construction Joint Stock Company 47 dated July 01, 2005.

Over 47 years of establishment and development, the Company always affirmed its position in the field of construction of Irrigation and Hydropower Works; Hospitality Services, Domestic and International Tourism Services, etc. many the executed Works gained the Quality Award and highly appreciated by the Governmental bodies, departments and the Employers on its quality, schedule and fine arts. Since establishment in 1975, the Company has come into operation with many difficulties in all aspects, but the Company’s generations of employees have constantly strived, step by step set-up and totally controlled the construction technology for irrigation, hydropower, civil and industrial projects such as: RCC technology; headrace tunnel boring by TBM, etc. and for 14 consecutive years listed in Top 500 Largest Private Enterprises in Vietnam (VNR500). Currently, C47 is undertaking construction of large-scale projects in Vietnam and oversea such as: Tan My Irrigation System Project (Ninh Thuan province), Dong Mit Reservoir Project, Phu Phong Weir Project, Becamex Binh Dinh Industrial Park Project (Binh Dinh province), Hoa Binh Hydropower Plant Expansion Project (Hoa Binh province), Long Thanh International Airport Project (Dong Nai province), Hoa Phat Dung Quat 2 Iron and Steel Integrated Complex (Quang Ngai province), Nam Phak Hydropower Project (Lao PDR), etc.

Currently, the Company has more than 700 employees, 6 functional departments, 01 Mechanical Repair and Processing Enterprise, 7 Site Management Boards and two hotels (Hai Au Hotel – 4 stars) and (Hai Au Bien Cuong Hotel – 3 stars). Average revenue in the last 5 years reached 1,000 billion VND.

On this occasion, in order to recognize the contribution of employees to the development of the Company, the Board of Directors of the Company awarded medals to 29 employees who have worked at the Company for 20 years or more.

Order to promote the sport and physical training movement, the health training spirit of employees in the Company. Previously, C47 cooperated with Hai Au Hotels to organize the “47 Years – One Journey” Run Tournament with 172 athletes who are officers and employees of the Company and guests from the following units: Vu Phong Enery Group JSC, Van Phong Hydropower JSC, JS Commercial Bank for Investment and Development of Vietnam – Binh Dinh and Quy Nhon branches, Binh Dinh BIDV Insurance Company; Economic Security Department and Economic Police Department under Provincial Public Security for participating.