Since its inception in 2008, Becamex Asphalt & Concrete Joint Stock (ACC) has constantly developed with a total chaptered capital of VND100bln as of November 5, 2010. Although only having three years in existence and development, ACC has become a strong and prestigious trademark in the infrastructure development and construction industry.
Located in the Ben Cat-based My Phuoc Industrial Zone, ACC is specialized in the manufacture of concrete and asphalt products, including concrete sewerage pipes. The company also trades construction materials, such as concrete and asphalt products, as well as acts as concrete contractor. Besides, it is involved in the construction of civil and industrial structures, traffic structures and infrastructures…
With stable growth, ACC’s IPO
implementation has helped investors have more effective selections
Since its establishment, ACC has taken part in successfully making many big projects invested by Becamex IDC, including those of Binh Duong Avenue, My Phuoc urban and industrial zones, Binh Duong industrial-urban and service complex, Bau Bang residential-industrial zone, Thoi Hoa residential-industrial zone, the expanded VSIP 2 and many other key works. With achievements done over time, ACC has affirmed its trademark and created faith in Becamex IDC as well as investors.
ACC General Director Truong Duc Hung said that technology and equipment are decisive factors for businesses’ integration and evolution. Therefore, ACC has always focused on improving its technologies and equipment for better development. So far, ACC has been equipped with state-of-the-art machines and equipment under advanced technologies from South Korea, Germany, England …for its activities.
Also thanks to having good leadership and development orientations, ACC has overcome difficulties caused by the world economic crisis since 2009 and gained stable growth. Particularly, ACC’s revenue secured VND275bln in 2009 and VND316.4bln in 2010; its post-tax profit was nearly VND56.5bln in 2009 and VND58.3bln in 2010 with the dividend payment at a rate of 50%.
ACC’s annual shareholders meeting has also approved the company’s targets for 2011 with VND325.72bln in total revenue, VND 58.29bln in post-tax profit and dividend payment at a minimum rate of 25%. According to company leaders, the central bank’s policy on restricting loans to non-production sectors in the current difficult period have not affected ACC’s business activities as its products mainly meet the demands for infrastructure investment.
With the efforts of its leaders and staff, ACC made IPO (initial public offering) in December 2009 on the UPcom securities trading floor. Some 10mln shares of AAC were also brought to the HCM city Stock Exchange for trading on July 30. With the stable price of VND25,000 per share, ACC’s shares are now the top selection of investors…
Reported by T.Minh-Translated by K.T
