The Authority of the Da Nang Hi-Tech Park and Industrial Parks has just granted an investment registration certificate to the South Korea-based KP Aero Industries Co., Ltd, to build the KP VINA aviation components factory in the Da Nang Hi-tech Park at a total investment of US$20 million.

The second US$20 millionaviation components factory in Da Nang Hi-Tech Park will be officially put into operation in late 2024. Photo: VAN HOANG

The factory will produce, process, and assemble aircraft parts, including APU doors, MIC tips, wingboxes, winglets, and the flap support fairing of Boeing 787 and Boeing 737 Max aircraft.

This is the second project in the aerospace sector to find a home at the Da Nang Hi-Tech Park after the project of UAC Vietnam Company.

The KP Aero Industries Co., Ltd, is committed to urgently deploying construction procedures in accordance with the law of Viet Nam. The project is expected to start construction in early February 2024, and to be completed and put into operation in late 2024.

According to the Authority of the Da Nang High-Tech Park and Industrial Parks, the KP VINA Aviation Components Factory project not only positively contributes to the city's socio-economic development, but also creates the foundation for the formation of an aviation and aerospace technology complex in the Da Nang High-Tech Park.

​Reporting by VAN HOANG - Translating by M.DUNG