Business

Japanese precision firm starts in Da Nang

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.
Tokyo Keiki Precision Technology Inc inaugurated its first plantoutside Japan at central Da Nang city’s Hi-Tech Park on May 22,following eight months of construction.

The40-million-USD plant is the first to be operating in the 1,010-hectarepark 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 permonth for the Asia-Pacific region.

According tomembers of the managing board of the Hi-Tech Park, another Japaneseinvestor, Niwa Foundry company, a partner of Keiki company, also hasbegun construction of its first engine castings plant, at a cost of 30million USD.

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

Japanese businesses have invested 330 million USD in 68 projects in the city, employing more than 27,000 people.-VNA
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