AMECC MECHANICAL CONSTRUCTION JOINT STOCK COMPANY

Established in 2008 and headquartered in Hai Phong City, AMECC MECHANICAL CONSTRUCTION JOINT STOCK COMPANY is a leading Vietnamese enterprise in the mechanical construction sector. The company is active in machining and fabricating steel structures, pressure pipeline systems, and non-standard industrial equipment. With over 1,100 employees and an expanding national footprint, AMECC serves clients across Vietnam and internationally in energy, shipbuilding, and heavy industry sectors.

AMECC is publicly listed on the UpCOM exchange under the stock symbol AMS and maintains representative offices in both Hanoi and Ho Chi Minh City. The company operates with a charter capital of approximately USD 24.6 million, fully paid in.

Ownership and Management

The company’s largest shareholder is SANKYU INC. (Japan), holding a 35.05% stake, reflecting strong international collaboration and technical backing. Key Vietnamese shareholders include General Director Nguyen V. T. (19.09%) and Chairman Nguyen V. N. (17.32%). This balanced ownership structure ensures a blend of global expertise and local operational leadership.

Financial Performance (2023)

AMECC achieved USD 123.4 million in revenue in 2023, reflecting a 14.6% increase from the previous year. This marks a reversal from two years of slight sales decline, signaling a recovery in project execution and new contracts. Profit after tax reached USD 2.16 million, a 35.8% year-over-year increase, highlighting improved cost control and margin stabilization.

Total assets grew significantly to USD 137.6 million, up 20.5%, while equity increased by nearly 58%, reaching USD 32.3 million. These figures suggest active reinvestment and strengthening of the company’s balance sheet. Working capital also improved markedly, climbing over 122%, pointing to better liquidity and operational efficiency.

Strategic Positioning

AMECC continues to pursue growth through strategic partnerships, high-quality manufacturing capabilities, and diversification of industrial services. Its core competencies in complex steel fabrication, EPC contracting, and maintenance services position it as a competitive player in infrastructure, energy, and export-oriented manufacturing projects.

Conclusion

AMECC MECHANICAL CONSTRUCTION JOINT STOCK COMPANY is demonstrating clear signs of financial recovery and operational expansion. With strengthened equity, diversified ownership, and strong international collaboration, AMECC appears well-positioned for continued growth in Vietnam’s industrial and mechanical construction sectors. Its improved profitability and asset base in 2023 reflect sound governance and strategic execution in a challenging but opportunity-rich environment.