FICO PAN-UNITED SIGNS 2022-2024 COOPERATION AGREEMENT WITH NOVALAND
- To provide sustainable concrete solutions to Novaland from 2022 to 2024
- Completes first of two onsite concrete batching plants to supply 700,000 m3 of ready-mixed concrete to Novaland’s Aqua City integrated development over 2.5 years.
Vietnam, 6 January 2022 – FiCO Pan-United Concrete Joint Stock Company (“FiCO PanU”), a subsidiary of Singapore-listed Pan-United Corporation Ltd, has strengthened its longstanding working relationship with Novaland Group (“Novaland”) with the signing of 2022-2024 cooperation agreement, which will see FiCO PanU providing sustainable concrete solutions to Novaland, a leading prestigious brand in the real estate investment and development industry in Vietnam.
In conjunction with this cooperation agreement, FiCO PanU has completed the construction of the first of two onsite batching plants at the site of Aqua City, a large-scale smart eco-urban integrated development in Dong Nai province undertaken by Novaland.
Under the terms of the agreement, FiCO PanU will construct two onsite batching plants at the Aqua City site by 2022. When completed, the plants will supply about 700,000 m3 of ready-mixed concrete to the Aqua City project over a two-and-a-half-year period.
Located in Bien Hoa, Dong Nai, the Aqua City project is developed by Novaland and is set to become the smart eco-urban area. The massive integrated development will comprise residential units, as well as high-end amenities such as Schools, Hospitals, Sport Complex, shopping and entertainment complex, among others.
The convenient location of the batching plants onsite will facilitate the efficient and timely supply of concrete. This will also minimize fuel, energy and water use across the project operations and reduce embodied carbon emissions associated with the delivery of raw materials. Additionally, this allows the construction site to benefit from a continuous supply of concrete and ensures the efficient progress of the project, to meet project completion deadlines.
FiCO PanU will develop high-quality concrete and high-performance low-carbon mortar using its PanU CarbonCureTM Carbon Capture and Utilisation (CCU) technologies over the period, first for the Aqua City integrated development and subsequently for other Novaland developments.
Mr.Steven Loh, General Director of FiCO PanU, said, “The cooperation agreement attests to the strong and longstanding relationship we have built with Novaland. We look forward to playing a meaningful role in the development of the iconic Aqua City and to fulfilling our commitments to Novaland developments in Ho Chi Minh City and Dong Nai. This partnership also highlights our shared commitment towards sustainable building development needs for the Vietnamese market and our contributions to the achievement of Vietnam’s stated goal of net-zero carbon emissions in 2050.”
FiCO PanU and Novaland have an established working relationship spanning more than ten years. FiCO PanU has supplied ready-mixed concrete required for foundation uses to building constructions from five batching plants across Ho Chi Minh City for diverse Novaland projects in District 1, Districts 2, 4 and 7, as well as in Phu Nhuan, Tan Binh, Go Vap.