A hydraulic equipment manufacturing plant for the Tokyo Keiki Precision Technology Company, a subsidiary of Japan’s Tokyo Keiki Inc, was officially inaugurated at the Da Nang Hi-tech Park last Friday.  This is the first project to be completed in the park.

The inauguration ceremony was attended by municipal Party Committee Secretary Tran Tho, Deputy Minister for Science and Technology Nguyen The Phuong, and some representatives from the Japanese Embassy in Viet Nam.

The inside of the hydraulic equipment manufacturing plant

Covering an area of 3ha, the 40 million USD plant specialises in producing hydraulic equipment including electromagnetic switch valves and impeller-type pumps.  The plant will have an annual production capacity of 894,000 units once it is fully operational.

Secretary Tho highly praised the project’s developer for ensuring the on-schedule construction of the plant which will help to further the development of local industrial support products.  He also promised that the city’s authorities would create an even more favourable investment environment for the company to operate effectively in the city. 

The city’s leader also took the opportunity to encourage other Japanese businesses to invest money in the city in order to develop their production activities and ensure more active involvement in global value chains.