Hanwha Techwin Selects Vietnam for Aircraft Engine Parts Factory

Tuan Minh

13:46 20/06/2017

BizLIVE -
The tech company is poised to start the construction of the plant in August and operate the plant beginning in the second half of 2018.

Hanwha Techwin Selects Vietnam for Aircraft Engine Parts Factory

Hanwha Techwin has chosen Vietnam to build a plant to manufacture aircraft engine parts. Photo: Pinterest

Hanwha Techwin has chosen Vietnam to build a plant to manufacture aircraft engine parts amid growing demand from aircraft engine manufacturers, according to Business Korea.
Among many candidate regions for the establishment of an overseas engine parts manufacturing factory, Hanwha Techwin selected Vietnam as a production base with a nice logistics environment and high cost competitiveness.
Hanwha Techwin is requesting the approval of its investment from the Vietnamese government. If approved, the tech company will start the construction of the plant in August and operate the plant beginning in the second half of 2018.
The plant will cover an area of about 60,000 square meters near Hanoi, which is about eight times the size of a regular football field.
As part of its plan to grow sales of civilian aircraft engine parts to about $900 million,Hanwha Techwin is expanding its engine parts production capacity through the establishment of overseas plants by 2025.
The company has won large-scale parts orders from world-class aircraft engine manufacturers such as GE, Pratt & Whitney (P&W) and Rolls-Royce.
Hanwha Techwin in April this year started constructing a plant worth $100 million in the northern province of Bac Ninh to produce video surveillance devices, in a move to expand its manufacturing capacity.

TUAN MINH

Từ khóa: Hanoi, Bac Ninh