The 2023 Annual Shareholders’ General Meeting of PV Coating: Taking advantage of strengths, making efforts to develop
Petrovietnam Coating Joint Stock Company (PV Coating – Code: PVB) on April 27 held the Annual General Shareholders’ Meeting in 2023.
At the meeting, Mr. Nguyen Phuong Cao - Member of the Directors Board, Director of the Company presented the Performance Report in 2022 and business plan in 2023. According to the report, despite many difficulties, PV Coating made efforts to strengthen market activities, and marketing services. In 2022, the company completed the pipeline coating to ensure quality and progress of contracts for customers like Nippon Steel, Alpha ECC, L.P.G Vietnam, Ltech, and Luc Nam. Especially, the company won the international bidding package for the pipeline coating of the Zawtika 1D project (in Myanmar) for PTT Group (in Thailand) with a value of nearly VND 14.5 billion for the first time.
In March and April, PV Coating focused on carrying out the pipeline coating package for Russia-Vietnam Joint Venture-Vietsovpetro with a total length of more than 10 km of pipelines, which is expected to be completed in May.
Speaking at the meeting, Mr. Huynh Quang Hai - Deputy General Director of Petrovietnam Gas Joint Stock Corporation (PV GAS) shared the information about the oil and gas industry’s market, energy transition trends and specific services relating to the Company’s pipeline coating. To complete the business plan in 2023 and be more successful in the upcoming time, the PV GAS Deputy General Director suggested that PV Coating should closely follow 02 projects: Dai Hung - Phase 3 and Kinh Ngu Trang (VSP) to have an implementation plan to ensure progress and efficiency. PV Coating should be always proactive in the maintenance and repair of chain systems, machines and equipment, and have solutions in management, human resources, ... to be ready to coat pipelines for the Block B - O Mon project in the upcoming time.
Moreover, PV Coating needs to study and take advantage of the strengths and advantages of existing technology and human resources to invest, expand new services, develop the market well, seek cooperation opportunities and create new jobs.
At the meeting, shareholders also re-elected Mr. Le Hong Hai as member of the Directors Board and Mr. Vu Tuan Ngoc as independent member of the Directors Board at the Company.
More than 3 hours after the meeting, PV Coating completed the agenda of the Annual General Shareholders’ Meeting in 2023, fully complying with the requirements for equitized enterprises. Shareholders approved the General Meeting’s Resolution with a high number of votes.