Korean investor opens aerospace factory in Đà Nẵng
Korean investor opens aerospace factory in Đà Nẵng
The KP Aerospace Việt Nam company from the Republic of Korea officially opened its factory at Đà Nẵng Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.
Officials and partners join a grand opening ceremony of the aviation factory of the Korean KP Aerospace Việt Nam at Đà Nẵng Hi-tech Park. — VNS Photo Công Thành |
The factory, which was built with an investment of US$20 million, will produce, process and assemble aircraft parts, including auxiliary engine doors, wing boxes, gliders and left-wing support systems for Boeing 787 and Boeing 737 Max aircraft.
It will supply products made in Đà Nẵng to leading companies in the aviation industry, including Boeing, Airbus and Korean Air.
Lee Jai Choon, president and general director of KP Aerospace Việt Nam company (KPC VINA), said he paid his first visit to Đà Nẵng last June, and is now inaugurating the factory one year later.
“It’s my honour to be here at the grand opening ceremony of the factory after a short time. I sincerely express my thanks for the support from the Vietnamese Government, relevant agencies, local authorities, universities and contractors in helping us building a milestone on schedule,” he said.
“We believe that strong cooperation among partners, local authorities and workers will contribute to drastic overall development, while creating more new opportunities in the future. KPC VINA will be a key foundation of Việt Nam’s aviation industry, a typical business in the socio-economic development of Việt Nam. We will also all do our best to be a trusted partner of Korean Air and Boeing.”
Officials and partners join a grand opening ceremony of the aviation factory of the Korean KP Aerospace Việt Nam at Đà Nẵng Hi-tech Park. — VNS Photo Công Thành |
Jihoon Park, manager of KP Aerospace Vietnam, said: “When we started this project, many people said it was impossible to do everything in one year, but nothing is impossible in Đà Nẵng. And now, 10 months from the groundbreaking ceremony, we are holding a grand opening ceremony.”
“We are working on the Boeing 787 Dreamliner’s raked wing tip assembly, which is one of the most important aerodynamic parts in the world. I think nobody will believe that this part is being manufactured in Đà Nẵng, as Đà Nẵng is generally known as one of the most beautiful places to travel,” he said.
Park said the company has started to transfer aircraft part manufacturing technology to the city, and has sent Vietnamese employees to Korea for job training and technology transfer.
He said the factory will be filled with aircraft parts for export, and that it will have the necessary facilities to build huge aircraft parts in Đà Nẵng.
“We will be dedicated to the sustainable growth of our aerospace business, and building an aerospace cluster in Đà Nẵng Hi-Tech Park,” he said.
Vice Chairman of Đà Nẵng City People's Committee Trần Chí Cường said that the inauguration of the KP Vina Aerospace Component Manufacturing Factory is a significant milestone not only for the company's development, but also for the overall economic growth of Đà Nẵng and Đà Nẵng Hi-Tech Park.
He said Đà Nẵng is committed to creating the most favourable conditions for investors, and that KP Aerospace will contribute to the sustainable development of the aerospace industry and positively impact the local economy.
Consul General of South Korea in Đà Nẵng Kang Boo Sung said the introduction of the factory would help strengthen cooperation between South Korea and Đà Nẵng in many sectors, including hi-tech industries.
Investment from South Korea to central Việt Nam has a lot of potential, as 250 Korean businesses have invested in the region, he said.
Việt Nam and Korea have set a target of reaching US$150 billion in bilateral trade turnover in 2030, he noted, adding that Đà Nẵng is seen as a favourite destination for Korean visitors.
Michael Nguyễn, executive director of Boeing Việt Nam, said Boeing has committed to a sustainable relationship and cooperation with Việt Nam in building global supply chains.
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Officials and partners join a grand opening ceremony of the aviation factory of the Korean KP Aerospace Việt Nam at Đà Nẵng Hi-tech Park. — VNS Photo Công Thành |
He said Boeing hosted the first forum on the aviation industry in Hà Nội in 2022, and that KP Aerospace was among 200 participants at the event.
The inauguration of the factory marked a significant milestone not only for the residents of Đà Nẵng, KPC VINA and KP Aerospace Việt Nam, but to all contributors to the event, he added.
The factory was designed to produce the aft body, APU door, MIC wing tip, raked wing tip, wing box, winglet, flap fairing support and aircraft metal fabrication facilities for Boeing 737, 787 and 737 Max aircraft in two phases.
The Korean investor had earlier inked an agreement on support and investment promotion, education, employment and research with partners including the Đà Nẵng Hi-Tech Park and Industrial Zones Authority, Đà Nẵng University of Science Technology under Đà Nẵng University and Korean Air.
This is the second investment project in aviation and aerospace technologies in the park, after Đà Nẵng Sunshine Aerospace under the Universal Alloy Corporation from the US was put into operation in 2020.
