Work is under way at Da Nang’s Hi-tech Park on a 40 million USD electromagnetic switch valve manufacturing plant for the Tokyo Keiki Precision Technology Company, a subsidiary of Japan’s Tokyo Keiki Inc.  This is the first project to have been started in the park.

Covering an area of 30,000m², the project will be implemented in 3 stages.  When the 1^st stage is completed in April 2015, 50,000 small and 6,000 medium-sized electromagnetic switch valves will be manufactured every month on an area of 5,300m².  The plant will then start to produce impeller-type pumps and raise its production capacity.  In the 2^nd and 3^rd stages, the focus will be on building more facilities for the plant. 

To date, the city’s Hi-tech Park has attracted just 2 businesses, both from Japan.

The ground-breaking ceremony for the new plant