US capital pouring into assembly in Danang

March 02, 2019 | 14:27
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Downtown Danang will receive trillion dongs of investment in assembly projects from US-based KeyTronicEMS and Universal Alloy Corporation (UAC).
us capital pouring into assembly in danang
Danang will see two large-scale assembly plants begin construction in March

The management boards of Danang Industrial Park and Danang Hi-Tech Park granted investment certificates for KeyTronicEMS to build a VND1.5 trillion ($65.2 million) electronic device assembly plant in Hoa Khanh Industrial Park.

Accordingly, the US investor is planning to start construction in March and finish it by August. The plant’s manufacturing capacity is about 100 million direction indicator lights, mainly for import to the EU and North America markets.

Similarly, UAC, one of three global leading aircraft assemblers, has just confirmed to build a $170 million plant in Danang in March. According to the Office of Danang city, city leaders will grant an investment certificate for the US investor at the city’s Spring Forum.

Once put into operation, the aircraft assembly plant is expected to export 4,000 out of five million airplane components to the EU and North America.

By Hoang Van

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