Weldcom Industrial Joint Stock Company and Ngai Cau Construction Investment and Trade Joint Stock Company have signed a memorandum of understanding (MOU) to establish a strategic partnership in technology consulting, solution and machinery supply, technical services, and other support.
On October 19, 2023, at the Hanoi MIP 2023 (Hanoi Major Industrial Products Fair), Weldcom Industrial Joint Stock Company and Ngai Cau Construction Investment and Trade Joint Stock Company signed the MOU for strategic cooperation in technology consulting, providing solutions and machinery, technical services, workforce training, and other support.
Attending the signing ceremony from Weldcom were Mr. Ho Hong Thien – General Director, and from Ngai Cau were Mr. Chu Hoang Tung – Chairman of the Board. The ceremony was held in the presence of the Keieijuku business community, Hanoi Major Industrial Products Manufacturers Association (HAMI), representatives from the Department of Industry and Trade, and media agencies.
According to the MOU, Weldcom and Ngai Cau will enhance their collaboration with the goal of becoming a sustainable strategic partnership, leveraging each other’s capabilities and growing together.
Ngai Cau will prioritize Weldcom in selecting technology and service contractors for research projects, new plant investments, and production line expansions. In return, Weldcom will always prioritize resources to collaborate with Ngai Cau in updating, improving, and upgrading production lines to increase output and optimize costs. Weldcom will also adhere to the service standard of “response within 8 working hours” to ensure production schedules and operational efficiency. Both parties will work together to enhance communication, improve transaction effectiveness, and address important orders on a mutually beneficial basis.
Weldcom and Ngai Cau are two leading and highly reputable entities in the mechanical and steel structure sector in Vietnam. As members of the Northern Steel Structure Association’s Board of Directors, the two companies have demonstrated mutual understanding and support as association members over the past eight years.
Mr. Chu Hoang Tung Shares Insights on Economic Fluctuations and Opportunities for Manufacturing Enterprises
Amid the global economic fluctuations and the challenges facing the steel structure industry, Mr. Chu Hoang Tung, Chairman of the Board of Ngai Cau Company, shared that he and the Northern Steel Structure Association have united and adapted to overcome this difficult period. He emphasized that the core solution to tackling cost and resource challenges lies in changing management methods and applying automation in production. Additionally, he expressed pride in Ngai Cau being a member of Keieijuku, adhering to the philosophy of being a virtuous business—kind to employees, customers, and suppliers.
With the advantage of being near “the world’s factory,” China, and having a young population and abundant labor force, Vietnam has many benefits amid the supply chain shift, especially in the steel structure industry. The signing of the strategic cooperation agreement between Weldcom and Ngai Cau not only marks the increasingly strong and deepening relationship between the two companies but also opens up opportunities for businesses to access advanced technology from industrial powerhouses around the world.
Weldcom Industrial Joint Stock Company is known as a leading technology and service general contractor in Vietnam’s mechanical and steel structure sector. Throughout nearly two decades of development, Weldcom has consistently pursued a business philosophy of bringing “real value” to its customers.
Ngai Cau Construction Investment and Trade Joint Stock Company, founded in 2001, is proud to be a pioneer in the “green mechanical” field. Ngai Cau specializes in manufacturing and supplying steel structure products for the construction, power, telecommunications, and transportation industries. In 2022, Ngai Cau was honored in the “Top 10 Famous Brands and Trademarks in Asia-Pacific.”