Thu Duc Electro Mechanical Joint Stock Company: Create a new impetus for Southern Electricity

“Optimizing costs and electricity for Southern” is the orientation to become the common striving criterion of Vietnam Electricity in 2014; but for Thu Duc Electro Mechanical Joint Stock Company, it is a “survival” order to carry out production and business tasks entering the 7th year under the equitization model.

Co Dien Thu Duc

From the key to technology innovation

Still the traditional market of the southern electricity industry is expanding with increasing electricity demand by 17-25%, leading to large demand for electromechanical services and equipment; But before the harsh challenges of the domestic economy after the world financial crisis, Thu Duc Electro Mechanical Joint Stock Company had to overcome the barriers of fierce competition in the same business environment of manufacturing electromechanical equipment in the locality.

According to Mr. Nguyen Minh Quang – Chairman of the Board of Directors of Thu Duc Electro Mechanical Joint Stock Company, “The top priority for the Company to break through, make a difference in the competition for market share in the region and export products is to innovate production technology towards advanced and modern. This major surgery “replacement of equipment” faced difficulties in capital, but it was the key to the inevitable way up, so the Company knew how to properly balance capital for production and opened the business door, gradually improving labor productivity and stabilizing product quality.

With reasonable investment capital, not spread evenly; Since 2010, the Company has focused on investing in production equipment for key products such as the production line of distribution transformers of all kinds, and at the same time improving the repair and manufacturing capacity of 110kV transformers.

A line of high-quality products was formed from this universal key: shipments of advanced quality, low power loss transformers, creating high economic value, appeared on the southern electricity grid with the brand name EMC, and at the same time the Company had access to repair and renovation services for specialized transformers for Hydro-thermal power plants, New Cement mills, etc., in 2014.

Cong Ty Cp Co Dien Thu Duc Tao Suc Bat Moi Vi Dong Dien Mien Nam

Thu Duc Electro Mechanical Joint Stock Company actively innovates technology, expands the market, strives to reach the finish line early in 2015

Come create impressive motivation from the initial effect

The numbers that Thu Duc Electro Mechanical Joint Stock Company presented to the General Meeting of Shareholders in 2015 became a great source of encouragement for all employees of the Company, because this is a new and impressive step forward, creating momentum for the upward path of a traditional mechanical and electrical equipment manufacturing enterprise. Total revenue in 2014: 254.69 billion dong, reaching 101.88% of the plan. In which, revenue from main production services reached VND 245.43 billion. The target of pre-tax profit reached 4.12 billion dong, 3.03% higher than the whole year plan, the company fulfilled its obligation to pay the state budget with over 12.8 billion dong. More importantly, the average employment and income of more than 400 employees and employees exceeds the milestone of 6.4 million VND/person/month.

The numbers illustrate the breakthrough in 2014 with bold inheritance and new development: 3,176 1-phase, 3-phase distribution transformers of all kinds for the traditional market in the South. In addition, 38 MBAs are also distributed to Cambodia with a value of 87,000 USD.

Although there are still many difficulties, but in the implementation of the 2014 plan, the initial effectiveness has been confirmed. It is the result of the combined efforts of the Board of Directors and the Board of Directors of the Company with innovative solutions in management and administration, actively reforming administrative procedures, quickly bringing electrical equipment repair services to customers before customers come to them. In parallel with the intensive investment in renovation and step-by-step upgrading of modern production line equipment, the Company has resolutely stopped timely investing in unfeasible projects such as not participating in the Long Thanh – Dong Nai Industrial Park project.

Looking to the future from the strength of 2015

According to the business results report for the first 6 months of 2015, Thu Duc Electro Mechanical Joint Stock Company had encouraging numbers: Sales and service provision revenue reached VND 103,338 billion, the profit was quite good compared to other manufacturing units in the mechanical industry, all of which grew well compared to the same period last year… Along with other production and business activities and with new dynamics and solutions, the Company achieved innovative revenue in 2015. was approved at the Annual General Meeting of Shareholders, with a registered number of VND 260 billion.

Behind those expected numbers is a detailed and comprehensive plan, bold plans for in-depth investment in equipment and people, which have been outlined. From executive leaders, trade unions to all employees, workers are eager to enter the “battlefield” with a new emulation atmosphere. Product works to welcome the Party Congress of the Company, the Party Congress of all levels to the 12th National Party Congress are being urgently constructed. Hydromechanical equipment works for Huoi Quang hydroelectric power plant, 110KV transformer repair shipments, transformer manufacturing, distribution to partners: Power Corporation of Ho Chi Minh City. In Ho Chi Minh City, the Southern and Central Power Corporation and power construction companies in all regions, have also been strongly deployed by the Company.

The highlight of the product strategy in 2015 is that the Company focuses on manufacturing super-loss distribution transformers – using amorphous materials – with high economic efficiency and environmental friendliness, creating a new competitive advantage. At the same time, promote marketing, expand agent system to dominate the domestic market, reach out to Cambodia and Laos export markets.

The goal is clear, the path that Thu Duc Electro Mechanical Joint Stock Company outlined by the Board of Directors and the Board of Management to enter the market is not necessarily full of ups and downs. But with new faith and resilience, unity of will, plus creative and scientific solutions with support from the key to technological innovation. Surely the employees of Thu Duc Electro Mechanical Joint Stock Company have the right to be proud of their worthy contributions to the electric current in the South and the whole country.