Japanese precision firm starts in Da Nang

Saturday, 2015-05-23 21:43:21
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Delegates cut a ribbon to inaugurate the plant at Da Nang city’s Hi-Tech Park on May 22. (Credit: dddn.com.vn)
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NDO/VNA - Tokyo Keiki Precision Technology Inc inaugurated its first plant outside Japan at central Da Nang city’s Hi-Tech Park on May 22, following eight months of construction.

 

The 40-million-USD plant is the first to be operating in the 1,010-hectare park in Hoa Vang District, 20km west of the city centre.

The plant will manufacture electro-magnetic and hydraulic equipment, targeting to export more than 50,000 digital directional valves per month for the Asia-Pacific region.

According to members of the managing board of the Hi-Tech Park, another Japanese investor, Niwa Foundry company, a partner of Keiki company, also has begun construction of its first engine castings plant, at a cost of US$30 million.

It's scheduled to be put into operation in 2016.

Japanese businesses have invested US$330 million in 68 projects in the city, employing more than 27,000 people.