EMTEK company pioneers in digital transformation, prepares to go public on the Vietnam stock exchange
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- Business
- 22:47 15/05/2024
DNHN - EMTEK is one of the MEP contractors involved in major national and international projects such as the Nghi Son Refinery, NS2 BOT Thermal Power Plant, Samsung Thai Nguyen, MRT Metro, HAGL Myanmar Center, etc.
Over 15 years of development, EMTEK has consistently earned the trust and cooperation of major partners both domestically and internationally, especially from South Korea – the leading country in FDI investment in Vietnam.
To date, EMTEK is one of the few providers offering comprehensive solutions for digital transformation and green transformation for enterprises, including: Automation, Sustainable industrial solutions, Renewable energy, MEP system design and installation, and Environmental technology.
In 2019, EMTEK inaugurated its automation plant located in Thuan Thanh II Industrial Park, Bac Ninh. This facility specializes in the research, development, and production of automation equipment used in electronic component manufacturing. Its main customers include global giants such as Samsung Display, Hyosung, etc.
Within its ecosystem, EMTEK has Asia Networks Pems (PEMS) – a subsidiary that provides solutions to help businesses reduce CO2 emissions, increase operational efficiency, and move towards net zero for the coal power industry. PEMS is the sole official representative of Doosan Enerbility (DSE) in providing post-warranty services in the Vietnamese market. DSE is the EPC contractor for five thermal power plants in Vietnam, and its products and equipment are installed and used by major thermal power plants.
Additionally, EMTEK has Asia Networks Energy (ANE), which collaborates with international investment funds such as Marubeni, SkyX Solar, VinaCapital, etc., to develop and implement rooftop solar energy projects for major domestic clients, along with BESS and VPP solutions for the renewable energy sector. After five years of operation, ANE has deployed over 30 projects with a total capacity of more than 30MW nationwide.
Ms. Kieu Hoang, General Director of EMTEK, shared: “EMTEK has maintained its growth rate despite the global economy not fully recovering from the pandemic. In 2023, EMTEK recorded consolidated revenue of VND 680 billion, an increase of 134% compared to 2022.
In 2024, EMTEK aims for exceptional growth compared to 2023, with the expectation that the market will continue to recover, driven by the trends of digital and green transformation, which are millennium goals not only for Vietnam but for the entire world.
“We have been rapidly preparing the necessary procedures, with the expectation of listing EMTEK on the stock exchange by the end of 2024. Going public is not only a demonstration of our capability but also an opportunity for EMTEK to accelerate the development of automation and green solutions, contributing significantly to the sustainable development of the country,” said Ms. Kieu Hoang.
Although the stock market has shown signs of stagnation over the past year, experts believe that in 2024 and the coming years, the automation and renewable energy sectors are “hot” industries, with investors seeking opportunities based on the potential of these sectors. In the long term, stocks in these groups are expected to grow as Vietnam strives to achieve net-zero emissions by 2050.
EMTEK is sure to be a promising name in the “Automation & Green Solutions” arena on the stock exchange.
Nguyen Cuong
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