On March 10, Niwa Japan inaugurated the new plant of Niwa Foundry Vietnam at Danang Hi-tech Park.
Niwa has been operating in Vietnam for four years, supplying cylinder-block engine castings. “Niwa has received a great number of purchase orders over the last 10 years. This is a fruitful achievement for constant efforts to build reputation and credit of the company,” chairman Tatsumi Niwa said in his opening remark.
Niwa Foundry Vietnam was built on a 3.11 hectare site at Danang Hi-tech Park in Hoa Vang District with total investment capital of approximately $30 million. The plant will manufacture engine castings for hydraulic parts, and high precision mechanical parts used for industrial machinery including excavators and bulldozers and agricultural machinery including harvesters and tractors. The plant will provide products to businesses of both Japan and Vietnam.
“Niwa Foundry Vietnam will continue to strive to be worthy of Danang Hi-tech Park’s stature,” chairman Niwa said.
“As one of the 10 leading companies in foundry firms of Japan with over 60 years of experience, Niwa Foundry Vietnam will provide products appropriate for the development of national and municipal supporting industries, especially when there are limited suppliers for supporting products,” said Ho Ky Minh, vice chairman of Danang People’s Committee at the ceremony. “At the same time, Niwa Foundry Vietnam is expected to be a driving force for supporting industries of Danang and central Vietnam.”