The Da Nang People's Committee’s office has said that US-based Universal Alloy Corporation Asia Pte. Ltd. (UAC) will manufacture aircraft components and parts at a new factory in the central city’s high-tech park. A project certificate for the $170 million factory will be granted to UAC by the Da Nang government on March 1. When operational, the factory will produce 4,000 of five million parts used in all types of aircraft. These will be exported to North America and EU markets. This project aims at exports of $25 million by 2021, $85 million a year later and $180 million annually from 2026 onwards. UAC plans to recruit 1,200 highly skilled workers of mechanics, electricity and automation. It will also hire 2,000 people to develop supporting industrial production chains. UAC Group is a leading global manufacturer of aircraft components, often producing them under long-term supply contracts for Boeing and Airbus. Vietnam opened its first airplane parts factory, … [Read more...] about US corporation to invest $170 million in aircraft components factory – VnExpress International
Aircraft support industries
US corporation to invest $170 million in aircraft components factory
By Anh Minh  February 27, 2019 | 08:30 pm GMT+7 U.S. corporation UAC will manufacture aircraft components at a $170 million factory in Da Nang. The Da Nang People's Committee’s office has said that US-based Universal Alloy Corporation Asia Pte. Ltd. (UAC) will manufacture aircraft components and parts at a new factory in the central city’s high-tech park. A project certificate for the $170 million factory will be granted to UAC by the Da Nang government on March 1. When operational, the factory will produce 4,000 of five million parts used in all types of aircraft. These will be exported to North America and EU markets. This project aims at exports of $25 million by 2021, $85 million a year later and $180 million annually from 2026 onwards. UAC plans to recruit 1,200 highly skilled workers of mechanics, electricity and automation. It will also hire 2,000 people to develop supporting industrial production chains. UAC Group is a leading global … [Read more...] about US corporation to invest $170 million in aircraft components factory
Foreign investors gear capital to high-tech industries in Vietnam
The Hanoitimes - The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a factory worth nearly US$2 billion to manufacture high-tech camera modules and smart phone screens in the province. Hoa Lac Hi-Tech Park sets to lure some US$1 billion of investment capital in 2018 In the first stage, Sharp plans to spend roughly US$300 million, about US$200 million of which will be for machinery and equipment. The location of the plant is under discussion. Le Hoai Quoc, head of the Saigon High-Tech Park (SHTP) management board, said many Japanese-invested projects will be licensed in the near future, notably a US$250 million investment in a complex featuring a high-tech hospital and a … [Read more...] about Foreign investors gear capital to high-tech industries in Vietnam
US seeks further cooperation with Vietnam in defence industry
US Secretary of Defence James Mattis (R) and Vietnamese Defence Minister General Ngo Xuan Lich(Source: qdnd.vn) He made the proposals at a meeting with Vietnamese Defence Minister General Ngo Xuan Lich on the sidelines of the 17th Shangri-La Dialogue in Singapore on June 1st. The US is taking into account the transfer of jet trainers and other equipment to Vietnam, the US officer said. He used the occasion to thank Vietnam for hosting aircraft carrier USS Carl Vinson in the central city of Da Nang last March. The minister noted that the US welcomed Vietnam’s voice in the region and the world, and backs the country’s assumption of the chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2020. He also appreciated Vietnam’s participation in UN peacekeeping operations. The ministers highlighted practical outcomes of the Vietnam-US cooperation over the past time, saying these have matched the bilateral comprehensive partnership, contributing to peace … [Read more...] about US seeks further cooperation with Vietnam in defence industry
Vietnam Airlines, ST Aerospace set up aircraft maintenance firm
Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) signed a memorandum of understanding (MOU) on April 26 to establish a joint venture for aircraft maintenance. Representatives of ST Aerospace and Vietnam Airlines at the Vietnam-Singapore Business Forum in Singapore. (Source: channelnewsasia.com) Taking place at the Vietnam-Singapore Business Forum in Singapore, the signing of the MOU was witnessed by Vietnamese Prime Minister Nguyen Xuan Phuc, who is on the second day of his official visit to the country. The joint venture is earmarked to be headquartered at the Noi Bai International Airport in Hanoi and to provide Vietnam Airlines and other airlines across the region with ST Aerospace’s Maintenance, Repair and Overhaul (MRO) solutions, with an average capacity of 17,500 aviation machines a year. The partnership will enable Vietnam Airlines to save time and costs as its planes’ maintenance and repairs will be done in Vietnam instead of … [Read more...] about Vietnam Airlines, ST Aerospace set up aircraft maintenance firm