Agrimeco -

What Agrimeco - does

AGRIMECO (Tổng công ty Cơ điện Xây dựng - CTCP) is a Hanoi-headquartered Vietnamese mechanical engineering and construction conglomerate that designs, fabricates, and installs hydraulic machinery — including radial gates, penstocks, valves, pumps, and cranes — for hydroelectric, irrigation, and urban water infrastructure projects. The company operates as both an EPC contractor and equipment supplier, with manufacturing capability spanning Italy-sourced Corimpex welding lines, German Peddinghaus plate/beam processing, CNC machining, and roller bending for plates up to 65mm thick, enabling fabrication of Vietnam's largest hydraulic gates (exceeding 15m x 15m) and penstocks rated to 1200m water column. Beyond core hydraulic equipment, AGRIMECO produces structural steel for high-rise buildings (notably over 32,000 tons of steel for the 68-story VietinBank Tower), invests in and operates small-to-medium hydropower plants through dedicated subsidiaries, and markets agricultural processing machinery. The firm was established as a state-owned enterprise in 1958, merged in 2003, converted to a single-member LLC in 2010, equitized into a joint-stock company (CTCP) in 2013 with 215 billion VND charter capital, became a public company in 2014, and lost its public-company status per a December 2025 State Securities Commission notice. Customers are predominantly Vietnamese government project management boards and state-owned utilities (Son La Hydropower PMB, Hydropower PMB 6, Ho Chi Minh City Urban Drainage Company, Irrigation PMB 401), with revenue generated through competitive bidding on national strategic infrastructure projects.

Name

Agrimeco -

Legal name

Tổng công ty Cơ điện Xây dựng - CTCP

Website

https://agrimeco.com.vn

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

1–10 employees

Short description

AGRIMECO is a Hanoi-based Vietnamese mechanical engineering conglomerate that designs, fabricates, and installs hydraulic machinery, steel structures, and pumps for hydroelectric, irrigation, and infrastructure projects, serving Vietnamese government agencies and state-owned utilities.

Ownership category

akta.pro rank

Product category

Hydropower and Irrigation Infrastructure Construction

NAICS

Pump and Compressor Manufacturing (33391), Fluid Power Pump and Motor Manufacturing (333996)

SIC

Pumps & Pumping Equipment (3561), Electrical Industrial Apparatus (3620)

akta.pro industry

PRIMARYEUACAEAF

Hydropower EPC & Construction (Civil Works, Electromechanical)

Energy, Utilities & Environment/Electric Power Generation/Hydroelectric Power Generation (Large & Small Hydro)

SECONDARYEUAEADAH

Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

SECONDARYEUAMAFAG

Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

SECONDARYEUAEADAA

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

SECONDARYEUAEAAAM

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

Keywords

• Hydraulic machinery manufacturing
• Pump manufacturing
• Hydropower EPC construction
• Steel structure fabrication
• Irrigation infrastructure

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Engineering, Procurement, and Construction (EPC) contracts: AGRIMECO serves as general contractor for large-scale hydroelectric, irrigation, and infrastructure construction projects, providing comprehensive services from design through construction and installation.
2. Hydraulic machinery and equipment manufacturing and supply: Design, fabrication, and supply of hydraulic mechanical equipment including radial gates, penstocks, pumps, cranes, trash racks, and control systems for hydroelectric and irrigation projects.
3. Steel structure fabrication and installation: Design, fabrication, and installation of structural steel for high-rise buildings, industrial facilities, and infrastructure. Notable projects include VietinBank Tower with over 32,000 tons of structural steel.
4. Hydropower investment: Equity investment in hydroelectric projects as developer or co-investor, including stakes in Ban Muong (Nghe An), Dakrong (Gia Lai), Song Muc (Thanh Hoa), and other hydropower plants.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

AGRIMECO designs, fabricates, and installs hydraulic mechanical equipment (radial gates, penstocks, valves, cranes, control systems) and pumps for hydroelectric and irrigation infrastructure. The company also executes large-scale EPC construction contracts for hydroelectric power plants, irrigation works, steel structures, and dykes/embankments, and invests in hydropower projects as a developer/co-investor.

Product overview

AGRIMECO is a state-owned industrial conglomerate specializing in mechanical and hydraulic equipment manufacturing and construction services. The company operates as a multi-product industrial enterprise offering hydraulic machinery (pressure pipes, gates, valves, winches, lifting equipment), various pump systems (centrifugal, axial, submersible, screw pumps), hydraulic equipment (power stations, cylinders, controls), agricultural machinery, and industrial processing equipment. The company also provides construction services for steel structures, irrigation systems, and hydropower projects. The product portfolio includes both manufactured equipment components and engineering construction services, with manufacturing capabilities featuring modern CNC equipment lines from Italy, Spain, and Germany.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydraulic Machinery (Cơ khí thuỷ công) Design, fabrication, and installation of hydraulic mechanical equipment including pressure pipes (penstocks), electric winch machines, trash racks, repair gates, valves, lifting equipment, and debris removal machines for irrigation and hydropower applications. AGRIMECO manufactures the largest hydraulic gates in Vietnam (exceeding 15m in height and width) and penstocks up to 8000mm diameter with up to 1200m water column pressure.
• Pumps (Bơm) Manufacture and supply of various pump types including hydraulic wheel pumps, sediment/saltwater pumps, axial flow pumps, centrifugal pumps, submersible pumps, and screw pumps for agricultural, irrigation, and industrial water management applications.
• Hydraulic Equipment (Thiết bị thuỷ lực) Hydraulic power stations, hydraulic cylinders, control equipment, and hydraulic pump valves for water management and industrial applications.
• Industrial Processing Equipment (Thiết bị công nghiệp chế biến) Processing equipment for agricultural products including coffee, cassava, fish, fertilizer, wood, salt, tea, and rubber processing lines.
• Agricultural Machinery (Máy nông nghiệp) Agricultural machinery and equipment including rice dryers and rice mills for farming operations.
• Steel Structures (Kết cấu thép) Design, fabrication, and installation of structural steel for high-rise buildings, industrial facilities, transmission towers, airport terminals, and metro stations. First Vietnamese company to receive AISC certification (2016). Notable project: VietinBank Tower (over 32,000 tons of structural steel).
• Irrigation and Hydropower Construction (Thủy lợi và thủy điện) Turnkey EPC contracting for irrigation and hydropower projects including dams, reservoirs, water gates, and hydroelectric power plants. Completed major projects including Son La Hydropower (2400MW), Ba Ha Hydropower (220MW), Dai Ninh Hydropower (300MW), and Cuoc Dat Hydropower (97MW). First in Vietnam to construct roller-compacted concrete dams.
• Dykes and Embankments (Đê kè) Dyke and embankment construction for flood control, coastal protection, and river erosion prevention across coastal provinces in Vietnam.
• Hydropower Investment Equity investment and development of hydroelectric projects including stakes in Ban Muong (Nghe An, 45MW), Dakrong (Gia Lai), Song Muc (Thanh Hoa, 2MW), Ba Ha, and other hydropower plants as developer or co-investor with international partners such as Tohoku Electric Power Group (Japan).

Quantifiable outcome

• Completed Son La Hydropower project with 2 innovative solutions first applied in the world and Vietnam, shortening construction timeline by 2 years and saving thousands of billions of VND.
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Andritz Hydro (China and Vietnam)coreTechnology or Integration · 26 July 2018AGRIMECO signed a contract with Andritz China and Andritz Hydro Vietnam for the supply of equipment and technical services for the Ban Muong Hydropower Project (45MW) in Nghe An province. Andritz provides turbine/generator equipment while AGRIMECO handles mechanical equipment supply and installation as part of the project consortium.
• JFE (Nippon Steel & Sumitomo Metal/JFE Steel) - JapancoreStrategic or Co-development Partner · 27 November 2017On November 27, 2017, AGRIMECO and JFE (Japan's second-largest steel group) established a joint venture company: Công ty TNHH Sản phẩm Thép Agrimeco & JFE (Agrimeco & JFE Steel Products Co., Ltd.). The JV combines JFE's capital, technology, and management expertise with AGRIMECO's manufacturing capabilities and market presence in Vietnam. The partnership aims to produce high-quality steel products for Vietnam and export markets. The JV was launched at Marriott Hanoi hotel with representatives from both companies and government officials present.
• Tập đoàn TOHOKU - Nhật Bản (Tohoku Electric Power Group)minorStrategic or Co-development PartnerAGRIMECO entered a joint investment agreement with Tohoku Electric Power Group (Japan) for the development of Song Muc Hydropower Project (2MW) in Thanh Hoa province, with AGRIMECO holding 70% and Tohoku holding 30% of the equity. This represents an early international partnership for hydropower investment.
• Hòa Bình Group (Liên danh Hòa Bình - AGRIMECO)coreStrategic or Co-development PartnerAGRIMECO formed a joint venture with Hoa Binh Group as main contractor for the VietinBank Tower project, executing BP04A (underground) and BP04B (superstructure) packages involving over 32,000 tons of structural steel fabrication and erection.
• Ban Quản lý dự án thủy điện Bản Mồng - Chi nhánh Tổng công tycoreImplementation/ SI/ Consulting PartnerAGRIMECO's project management branch serves as the implementing entity for the Ban Muong hydropower project, coordinating with equipment suppliers Andritz for turbine supply and managing local execution.
• Công ty TNHH Kiểm toán và Tư vấn (A&C)minorOthersSelected as the independent auditor for AGRIMECO's financial statements for 2018 and beyond, providing external audit and review services.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Tổng Công ty Sông Đà (Song Da Corporation): Vietnam's largest state-owned hydropower EPC contractor, executing major dam and hydroelectric projects comparable to AGRIMECO's Son La and Lai Chau portfolio; both are Vietnamese state-origin general contractors competing for the same public hydropower tenders.
• Andritz AG: Global supplier of turbines, generators, and electromechanical equipment for hydropower plants; AGRIMECO partners with Andritz on the Ban Muong project and competes in supplying hydro-mechanical equipment packages.
• Lilama Corporation: Vietnamese state-owned mechanical installation and steel structure contractor with overlapping electromechanical, boiler, and industrial equipment capabilities similar to AGRIMECO's manufacturing and installation portfolio.

Broad incumbents

• GE Renewable Energy (Hydro): Major global supplier of hydropower turbines and balance-of-plant equipment; competes with AGRIMECO's electromechanical scope on large Vietnamese and Southeast Asian hydropower projects.
• Power Construction Corporation of China (PowerChina): One of the world's largest hydropower EPC contractors and dam builders; competes with AGRIMECO on large-scale hydro and water infrastructure tenders across Southeast Asia including Vietnam.
• Voith Hydro: Global incumbent in hydropower equipment and services, supplying turbines, generators, and automation to large hydroelectric plants; competes with AGRIMECO on electromechanical scope of major Vietnamese hydro projects.

Others

• JFE Steel Corporation: Strategic joint-venture partner in Agrimeco & JFE Steel Products; comparable as a steel manufacturer and supplier of high-grade structural and plate steel used in hydro, construction, and industrial applications.
• Tohoku Electric Power Co., Inc. Japanese utility co-investing with AGRIMECO in hydropower projects (Song Muc JV); comparable as an investor/operator in small-to-mid hydropower and a channel for AGRIMECO into international power-generation partnerships.

Regional players

• Petrovietnam Power (PV Power): Vietnamese state-owned power generation company with overlapping investment interests in domestic power projects; comparable as a domestic counterpart for AGRIMECO's co-investment and equipment-supply activities in the Vietnamese energy sector.
• Tổng Công ty Xây dựng Trường Sơn (Truong Son Construction): Vietnamese military-affiliated EPC contractor active in hydropower, infrastructure, and large civil works; overlaps with AGRIMECO in the state-owned EPC landscape for energy and water infrastructure projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/agrimeco--

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries27 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agrimeco -