EMS Group and Maas Group Holdings have expanded with a joint venture in Vietnam.
Maas Group and EMS Group have opened VMS Global Mining Partners in Vietnam. It will aid in EMS Group's Australian manufacturing facilities for mechanical and electrical equipment.
The new VMS headquarters is 20 kilometres from Saigon. By December it's expected to be manned by more than 300 employees.
EMS Group and VMS CEO Tom Cavanagh said it was a huge step for the long-term success for EMS Group and Maas Group.
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"Our business, EMS Group, has expanded beyond our capacity in our Australian branches. Given that a lot of our work is now being won offshore on major tunnelling projects, it was an obvious choice to establish a factory strategically in the middle of a regional supply chain," Mr Cavanagh said.
"It allows us to service global markets and provides opportunities to our company and our staff that we would never have had otherwise."
The CEO said the move would not mean a reduction in the Australian staff. He said the business was poised for steady growth and there were strong conditions for underground, hard rock mining.
Mr Cavanagh and Maas Group Holdings CEO Wes Maas visited Vietnam in March 2018. Once a solid business case was in place, Mr Cavanagh said it was 8.5 months between the breaking ground ceremony in November and the opening in July.
Mr Maas said between VMS, EMS and Mass Group, they were actively working in more than 10 countries.
"This facility allows us to service the needs of our clients in a way that would be impossible if not for our Vietnam capabilities," he said.
The Vietnam venture is an innovative step, but Mr Cavanagh said there were plenty of innovative business owners in Dubbo.
"Everything is about relatively though. We firmly believe this is the smartest step for us long-term and while it is unique for this region, there are many people doing bold things locally that would be equally impressive," he said.
VMS is a wholly owned, international subsidiary of EMS Group, part of the Maas Group companies.