Binh Duong Mineral and Construction JSC | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

Binh Duong Mineral and Construction JSC

Information about the Company
Binh Duong Mineral and Construction Joint Stock Company (BIMICO), formerly a State-owned enterprise, was established under the People's Committee of Song Be Province (presently known as Binh Duong Province) in 1993. The company’s establishment was based on the merger of 3 units including Kaolin exploiting and processing enterprise, Union of Ceramic Enterprises, and Song Be Ceramics Factory.

Over nearly 30 years of operation and development, the company has been thriving in the growth of scale, capacity, quality, brand reputation, and sustainability, affirming its position in the market. The company’s mission is to always be creative, expand resources and scale operations, apply advanced technologies and standardize products and services. To be a reliable partner of construction contractors, it participates in major country projects in the Southeast region. BIMICO’s vision is to become a leading supplier of Southeast Vietnam in producing building materials, especially high-quality stone for construction.

Company Culture & Company Activities
The company practices the core values of unity, activeness, creativity, and sustainable development. In addition to the support of local authorities and the companionship of customers and partners, the competitive and transparent working environment in all work stages and human resources play important roles in contributing to the efficiency of the company's operations.

KSB possesses a team of enthusiastic, experienced, highly qualified staff and engineers with high working spirits who have sailed and will continue to sail the KSB ship to achieve tremendous success. To maintain stable internal strength and develop constantly, KSB mainly focuses on training, encouraging, and creating good conditions for the management team and employees to participate in modern management classes, skills training, and professional development classes. KSB also promotes training for engineers and professional workers to increase their spirit of learning and develop their creativity to enable them to quickly grasp modern science and technology. This training will help to ensure their integration ability and job opportunities, making an important contribution to building a great team of workers with the spirit of the 4th industrial revolution.
Achievements & Impact
For nearly 30 years of operation and development, the company's production and business activities have undergone a journey replete with advantages and challenges, which helped the company become a strong brand and continue sustainably developing in the future with the core value of "solidarity, dynamism, creativity and sustainable development".

In 2021, the Company’s main operating area was in Binh Duong and the Southeastern region which were adversely impacted by the Covid-19 pandemic, causing the real estate and construction market to stall. However, with solid courage and flexible solutions, BIMICO team overcame the challenge and achieved quite positive business results compared to the market, with revenue of VND884.27 billion and profit after tax of VND252.81 billion, equivalent to 90.3% of the plan. In 2022, KSB set a target of VND1,200 billion in revenue and VND350 billion in profit before tax. KSB is proud to be one of the pioneering enterprises in the mining industry, manufacturing building materials and industrial parks. KSB's products are always highly appreciated and trusted by many big investors and contractors in the market, earning the company many noble awards from the Vietnamese Party, Government, and Binh Duong province.

Future Direction
By 2025, the company aims to become the leading supplier of building materials, especially high-quality building stones, in Southeast Vietnam. To achieve this goal, the company will continue to place mining and processing minerals at the core of the company. In addition to maintaining and strengthening existing mines, it will seek new mine resources.

Moreover, the company is innovating technology and equipment for mining, mineral processing, material production, environment, etc. It is also investing in diversifying products and improving product quality to bring stability to the company's sustainable development and better meet all needs of customers. Aside from this, it will maintain the company's position in the market by preparing to cooperate with all customers and partners for effective production and business activities.

Additionally, the company plans to focus on investing in selected key areas for current business activities and long-term goals. It will strictly comply with the legal regulations for the company’s production and business activities.

CORPORATE EXCELLENCE CATEGORY

Binh Duong Mineral and Construction JSC

Information about the Company
Binh Duong Mineral and Construction Joint Stock Company (BIMICO), formerly a State-owned enterprise, was established under the People's Committee of Song Be Province (presently known as Binh Duong Province) in 1993. The company’s establishment was based on the merger of 3 units including Kaolin exploiting and processing enterprise, Union of Ceramic Enterprises, and Song Be Ceramics Factory.

Over nearly 30 years of operation and development, the company has been thriving in the growth of scale, capacity, quality, brand reputation, and sustainability, affirming its position in the market. The company’s mission is to always be creative, expand resources and scale operations, apply advanced technologies and standardize products and services. To be a reliable partner of construction contractors, it participates in major country projects in the Southeast region. BIMICO’s vision is to become a leading supplier of Southeast Vietnam in producing building materials, especially high-quality stone for construction.

Company Culture & Company Activities
The company practices the core values of unity, activeness, creativity, and sustainable development. In addition to the support of local authorities and the companionship of customers and partners, the competitive and transparent working environment in all work stages and human resources play important roles in contributing to the efficiency of the company's operations.

KSB possesses a team of enthusiastic, experienced, highly qualified staff and engineers with high working spirits who have sailed and will continue to sail the KSB ship to achieve tremendous success. To maintain stable internal strength and develop constantly, KSB mainly focuses on training, encouraging, and creating good conditions for the management team and employees to participate in modern management classes, skills training, and professional development classes. KSB also promotes training for engineers and professional workers to increase their spirit of learning and develop their creativity to enable them to quickly grasp modern science and technology. This training will help to ensure their integration ability and job opportunities, making an important contribution to building a great team of workers with the spirit of the 4th industrial revolution.
Achievements & Impact
For nearly 30 years of operation and development, the company's production and business activities have undergone a journey replete with advantages and challenges, which helped the company become a strong brand and continue sustainably developing in the future with the core value of "solidarity, dynamism, creativity and sustainable development".

In 2021, the Company’s main operating area was in Binh Duong and the Southeastern region which were adversely impacted by the Covid-19 pandemic, causing the real estate and construction market to stall. However, with solid courage and flexible solutions, BIMICO team overcame the challenge and achieved quite positive business results compared to the market, with revenue of VND884.27 billion and profit after tax of VND252.81 billion, equivalent to 90.3% of the plan. In 2022, KSB set a target of VND1,200 billion in revenue and VND350 billion in profit before tax. KSB is proud to be one of the pioneering enterprises in the mining industry, manufacturing building materials and industrial parks. KSB's products are always highly appreciated and trusted by many big investors and contractors in the market, earning the company many noble awards from the Vietnamese Party, Government, and Binh Duong province.

Future Direction
By 2025, the company aims to become the leading supplier of building materials, especially high-quality building stones, in Southeast Vietnam. To achieve this goal, the company will continue to place mining and processing minerals at the core of the company. In addition to maintaining and strengthening existing mines, it will seek new mine resources.

Moreover, the company is innovating technology and equipment for mining, mineral processing, material production, environment, etc. It is also investing in diversifying products and improving product quality to bring stability to the company's sustainable development and better meet all needs of customers. Aside from this, it will maintain the company's position in the market by preparing to cooperate with all customers and partners for effective production and business activities.

Additionally, the company plans to focus on investing in selected key areas for current business activities and long-term goals. It will strictly comply with the legal regulations for the company’s production and business activities.