Lilama Erection Mechanical
Lilama Erection Mechanical is a Vietnamese public EPC contractor specialising in power plant erection and mechanical construction for state-owned energy utilities, most notably as co-contractor with Samsung C&T on Vietnam's first LNG-fueled 1.6 GW Nhon Trach 3&4 power plant.
- Company typePrivate
- Founded2007
- HeadquartersHanoi, Vietnam
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Lilama Erection Mechanical does
Lilama Erection Mechanical JSC is a Vietnamese engineering, procurement, and construction (EPC) contractor headquartered in Hanoi and listed on the Hanoi Stock Exchange (HNX:L35). Founded in 2007 with 501-1,000 employees, the company specialises in erection and mechanical construction services for large-scale power generation infrastructure, with a focus on combined-cycle gas turbine and LNG-fueled power plants. Its principal reference project is the Nhon Trach 3&4 facility in Dong Nai province — a 1.6 GW (two 800+ MW blocks) LNG-powered combined-cycle plant built jointly with Samsung C&T as EPC contractor for PetroVietnam Power Corporation, utilising GE Vernova 9HA.02 gas turbines that deliver over 63% combined-cycle efficiency.
The company's core technology is its EPC execution capability for advanced thermal power infrastructure, encompassing site erection, mechanical installation, and construction of balance-of-plant around OEM-supplied gas turbines. It does not manufacture turbines or boilers; instead it integrates OEM technology (GE Vernova for the Nhon Trach project) with domestic construction labour, procurement, and project management. Its differentiator is the demonstrated ability to deliver Vietnam's first LNG-fueled HA-class facility, a national reference project that establishes it as one of a small pool of qualified domestic EPC contractors for next-generation gas-to-power projects.
Commercially, Lilama operates a project-based revenue model typical of EPC contractors: revenue is recognised on large multi-year infrastructure contracts with milestone or percentage-of-completion accounting, and pricing is bespoke rather than publicly disclosed. Customers are concentrated in Vietnam's state-owned energy sector — PetroVietnam Power Corporation being the named flagship client — and the go-to-market is direct enterprise engagement through government procurement rather than marketing or channel sales. Geographic footprint is single-country (Vietnam), and revenue scale has been volatile, with reported figures declining from approximately VND 5.27 trillion in 2019 to roughly VND 1.84 trillion in 2025, alongside multi-year negative EBITDA and net income.
Lilama Erection Mechanical firmographics
Firmographics- Name
- Lilama Erection Mechanical
- Website
- https://lilamaemc.com.vn
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Lilama Erection Mechanical is a Vietnamese public EPC contractor specialising in power plant erection and mechanical construction for state-owned energy utilities, most notably as co-contractor with Samsung C&T on Vietnam's first LNG-fueled 1.6 GW Nhon Trach 3&4 power plant.
- Ownership category
- akta.pro rank
Lilama Erection Mechanical industry classification
Industry- Product category
- Power Plant EPC Construction Services
- akta.pro primary industry
- Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)
- akta.pro secondary industries
- Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)
Keywords
Where Lilama Erection Mechanical is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Markets served
Lilama Erection Mechanical business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure
Revenue model
- EPC Construction Services: Large-scale engineering, procurement, and construction services for power generation infrastructure. Revenue is generated through project-based contracts for building power plants and energy facilities.
Go-to-market motion1 record
Distribution channels1 record
Lilama Erection Mechanical product offering
Product offeringCore offering
Lilama Erection Mechanical is an Engineering, Procurement, and Construction (EPC) contractor specializing in the erection and mechanical construction of large-scale power generation infrastructure. The company builds combined-cycle gas turbine power plants, most notably serving as a joint EPC contractor with Samsung C&T for the 1.6 GW Nhon Trach 3&4 LNG-fueled power plant in Dong Nai province, Vietnam, which is the country's first LNG-powered facility.
Product overview
Lilama Erection Mechanical is an EPC (Engineering, Procurement, and Construction) contractor specializing in power plant construction. The company served as a contractor alongside Samsung C&T to build the Nhon Trach 3&4 gas-fired power plant in Dong Nai province, Vietnam, which is Vietnam's first LNG-powered facility and first to use GE Vernova's 9HA gas turbine technology. The company provides erection and mechanical construction services for large-scale energy infrastructure projects, including combined-cycle gas turbine power plants.
Differentiator
Problem solved
Functional benefit
Products and services
- EPC Construction Services for Power Plants
- Erection and Mechanical Construction Services
Quantifiable outcome
- Achieves over 63% combined-cycle efficiency
- +1 more outcomes
Companies that use Lilama Erection Mechanical
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Lilama Erection Mechanical technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lilama Erection Mechanical partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Samsung C&TcoreLilama and Samsung C&T served as joint EPC contractors for the Nhon Trach 3&4 power plant project in Dong Nai province, Vietnam. Samsung C&T is a major South Korean construction and trading company. Both companies collaborated on this landmark project which represents Vietnam's first LNG-powered gas turbine facility.
- GE VernovacoreGE Vernova is the technology provider for the Nhon Trach 3&4 project, supplying the 9HA.02 gas turbines and power generation technology. The plant utilizes GE Vernova's advanced HA turbine technology, achieving over 63% combined-cycle efficiency. Lilama was the EPC contractor building the facility designed around GE Vernova's equipment.
- PetroVietnam Power CorporationcorePetroVietnam Power Corporation is the project owner and client for the Nhon Trach 3&4 power plant. The state-owned Vietnamese energy company commissioned Lilama and Samsung C&T as EPC contractors to build Vietnam's first LNG-powered power generation facility.
Scale indicators2 records
Recent moves4 records
Expansion highlights4 records
Lilama Erection Mechanical competitors and assessment
Company assessmentBroad incumbents
- Doosan Enerbility: South Korean OEM and EPC contractor for thermal power plants, including gas turbine combined-cycle facilities. Comparable in target end-market (gas-fired power EPC) and in supplying key equipment and construction services to Asian utilities.
- Marubeni Corporation: Japanese trading house with a large power project development and EPC business, including LNG and combined-cycle plants in Southeast Asia. Comparable in target projects (large-scale gas-fired IPPs) and as a foreign EPC competitor in Vietnam's energy infrastructure market.
- SEPCO3 Electric Power Construction Corporation: Chinese state-owned EPC contractor specializing in thermal and renewable power projects across Asia and Africa. Comparable as a low-cost international EPC firm competing for utility-scale power construction contracts in emerging markets including Vietnam.
Others
- GE Vernova: Supplier of the 9HA gas turbines used in the Nhon Trach 3&4 project and a broader power-generation technology provider with EPC-adjacent services. Comparable not as a direct construction competitor but as a strategic technology partner shaping the competitive landscape for HA-class turbines in Asia.
Direct peers
- Samsung C&T (Engineering & Construction): South Korean EPC major that partnered with Lilama on the Nhon Trach 3&4 LNG plant. Directly comparable as a global EPC contractor pursuing Vietnamese and Southeast Asian power projects and a likely co-bidder or competitor on future LNG tenders.
- Song Da Corporation: Vietnamese construction and EPC contractor active in hydropower, thermal power, and infrastructure. Comparable as a domestic construction firm pursuing state-owned power projects and competing for the same engineering and construction mandates.
- Lilama Corporation: Vietnamese state-owned industrial contractor with a related name and overlapping heritage in mechanical erection and heavy equipment installation for power and industrial plants. Comparable as a domestic contractor targeting the same state-owned utility clients and industrial EPC segment.
- PECC2 (Power Engineering Consulting Joint Stock Company 2): Vietnamese power-sector EPC and consulting firm involved in thermal, hydro, and renewable generation projects. Directly comparable in target market, customer base (state-owned utilities), and EPC delivery model for power plant construction.
- PTSC (PetroVietnam Technical Services Corporation): Vietnamese EPC and technical services arm of PetroVietnam, providing engineering, procurement, construction, and installation for upstream and power projects. Directly comparable as a domestic EPC contractor serving the same state-owned energy clients and competing for similar power infrastructure tenders.
Regional players
- Vinaconex: Large Vietnamese construction and infrastructure conglomerate with a growing footprint in power and industrial projects. Comparable in customer overlap (state-owned entities) and EPC activity in Vietnam, though more diversified across real estate and civil works.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Lilama Erection Mechanical social profiles
Digital presenceLilama Erection Mechanical financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lilama Erection Mechanical leadership team
Management profileNumber of profiles
Lilama Erection Mechanical funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lilama Erection Mechanical M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lilama Erection Mechanical
What does Lilama Erection Mechanical do?
Lilama Erection Mechanical is an Engineering, Procurement, and Construction (EPC) contractor specializing in the erection and mechanical construction of large-scale power generation infrastructure. The company builds combined-cycle gas turbine power plants, most notably serving as a joint EPC contractor with Samsung C&T for the 1.6 GW Nhon Trach 3&4 LNG-fueled power plant in Dong Nai province, Vietnam, which is the country's first LNG-powered facility.
Is Lilama Erection Mechanical a public or private company?
Lilama Erection Mechanical is a private company. It is classified as public and is currently operating.
When was Lilama Erection Mechanical founded?
Lilama Erection Mechanical was founded in 2007. It employs 501 to 1,000 people.
Where is Lilama Erection Mechanical based?
Lilama Erection Mechanical is headquartered in Hanoi, Vietnam, in the Asia region.
How does Lilama Erection Mechanical make money?
One revenue line is on record: EPC Construction Services.
Who are Lilama Erection Mechanical's main competitors?
Broad incumbents on record are Doosan Enerbility, Marubeni Corporation and SEPCO3 Electric Power Construction Corporation. GE Vernova is listed as an others. Direct peers are Samsung C&T (Engineering & Construction), Song Da Corporation, Lilama Corporation, PECC2 (Power Engineering Consulting Joint Stock Company 2) and PTSC (PetroVietnam Technical Services Corporation). Vinaconex is listed as a regional player.
Does Lilama Erection Mechanical have an API?
No public API is recorded for Lilama Erection Mechanical.
What industry is Lilama Erection Mechanical in?
Lilama Erection Mechanical's product category is Power Plant EPC Construction Services. Its primary akta.pro industry code is EUAEAAAA, Thermal Power Plant EPC (Gas/Coal/Oil), with a secondary code of IMAFADAC, Power Generation Plant Construction (Thermal, Hydro, Nuclear).