Following the success of the LG Display Factory project with a contract to supply 9,300 tons of steel structure, Hai Long Construction continues to be a trusted partner selected to supply steel structure for the LG Innotek project with an output of up to 14,000 tons. This cooperation not only marks an important step forward but also demonstrates the strong potential for cooperation between the two sides.
LG Innotek – a member of LG Group – is a global materials and components engineering service company, developing key materials and components for the automotive, mobile, IoT, display, semiconductor, and LED industries, which officially started operations in Hai Phong in 2020. With record revenue of nearly 3.4 billion USD in 2022, LG Innotek continues to have its capital increased by 1 billion USD by LG Group, implemented from 2023-2025, raising the total investment capital of the project to over 2.051 billion USD.
Before signing the contract, LG Innotek conducted an inspection and capacity assessment at Hai Long Steel Structure Factory No. 1 & Hai Long Steel Structure Factory No. 2. The survey results showed that the steel structure factory and the team of Hai Long Construction fully meet the requirements and capabilities, ready to undertake the project effectively and professionally.
With a volume of steel structure up to 14,000 tons, the project requires focus and strict control from both sides to ensure progress and quality. The production process is expected to take place over 4 months.
Immediately after signing the contract, the Board of Directors of Hai Long Construction analyzed and planned each stage of the production process, while assigning tasks to relevant departments, ensuring clarity and consistency in all aspects of the project. In addition, Hai Long Construction has also invested in a series of modern machinery and equipment to improve productivity, product quality, balance costs, and continue to improve the working environment for employees. By starting the implementation phase quickly, Hai Long Construction demonstrates its determination and good preparation to carry out production with a large volume of steel structure.
This partnership is not merely about executing a steel structure project but holds strategic significance, promising to open new opportunities and lay the foundation for future collaborations. The project management board, along with the technical staff and the workforce, is determined to bring the project to completion by the end of the year, all sharing the same goal of meeting the schedule committed to the Investor and ensuring maximum occupational safety.
