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Mechanization Electrification Construction Corporation – JSC formally was Agriculture & Irrigation Mechanization and Electrification Corporation and founded in 1996 on the basis of merging Agriculture and irrigation mechanical engineering companies, specialized in manufacturing machinery and equipment for the agriculture and irrigation sector.
In 2003, two specialized corporations of the Ministry of Agriculture and Rural Development, namely the Agriculture & Irrigation Mechanization and Electrification Corporation and Irrigation Engineering Corporation No. 1, were merged into the Agriculture & Irrigation Mechanization - Electrification and Construction Corporation (AGRIMECO). The move aims to set up an efficient corporation that is capable to carry out major projects of national and international scale. Meanwhile, the merger is expected to play a leading role in conducting political missions set by the MARD.
In accordance with Decision No. 1580/QĐ-BNN-DNNN dated June 14, 2010, issued by the Minister of the Ministry of Agriculture and Rural Development on approving the Project of converting the existing business model of the Agriculture and Irrigation Mechanization Electrification Construction Corporation (AGRIMECO) to the model of Parent Company - Subsidiaries and converting the Parent Company to One Member Limited Liability Company.
Implementing the Decision No. 202/QĐ-TTg dated January 22, 2013, issued by the Prime Minister on approving the plan of AGRIMECO, and the Decree No. 01/2013/NQ-ĐHĐCĐ dated April 25, 2013, issued at the first General Assembly of Shareholders on the establishment of Mechanization Electrification Construction Corporation - Joint Stock Company. The corporation has 20 member companies that employ roughly 10,000 staff, including over 7,000 qualified workers and hundreds of skilled and experienced engineers, doctors, and technicians.
MTS is a company from the Hitech High Technology Center of the Corporation after privatization. MTS operates financially independently, managed through the major shares of Dr. Ly Thanh Ha, a key member, who is the representative shareholder of the Corporation at MTS.
Today, MTS provides technological equipment for the Corporation in large projects such as hydropower projects, turbines, speed governors, gate valves, butterfly valves, cone valves... and projects for customers outside the Corporation with competitive prices and cross-border services.
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