The facility, which was built with an investment of US$20 million, will produce, process, and assemble aircraft parts, including auxiliary engine doors, wing boxes, gliders and left-wing support systems for Boeing 787 and Boeing 737 Max aircraft.
This is the second investment project in aviation and aerospace technologies at the park, after Da Nang Sunshine Aerospace under the Universal Alloy Corporation from the US was put into operation in 2020.
Jihoon Park, Manager of KP Aerospace Vietnam said the factory will be filled with aircraft parts for export, and that it will have the necessary facilities to build huge aircraft parts in Da Nang.
“We will be dedicated to the sustainable growth of our aerospace business, and building an aerospace cluster in Da Nang Hi-Tech Park,” he stated.
Vice Chairman of Da Nang city People's Committee Tran Chi Cuong said that the inauguration of the KP Vina Aerospace Component Manufacturing Factory is a significant milestone not only for the company's development, but also for the overall economic growth of Da Nang and Da Nang Hi-Tech Park.
Da Nang pledges to create the most favourable conditions for investors, and that KP Aerospace will contribute to the sustainable development of the aerospace industry and positively impact the local economy, Cuong added.
Meanwhile, Consul General of the RoK in Da Nang Kang Boo Sung said the introduction of the factory would help strengthen cooperation between the RoK and Da Nang in many sectors, including hi-tech industries.
KP Vina Aerospace factory is one of the key projects in the high-tech industry development strategy of Da Nang city. The presence of this factory is a testament to the strong development of Da Nang as a high-tech center, with a favorable environment for businesses to invest in advanced technology and component manufacturing, especially in the aviation industry.
With its experience and production capacity, this facility will not only improve the production capacity of aviation components but also create many job opportunities, promote the development of supporting industries, and improve the skills of Da Nang's workforce.
The factory's operation will actively contribute to the city's socio-economic development, creating the first foundation for the formation of an aerospace technology complex at the Da Nang High-Tech Park.
