In the morning of September 10th, 2014, the groundbreaking ceremony started the construction of the factory producing switching electromagnetic valve – invested by Tokyo Keiki Precision Technology Co., Ltd (100% Japanese investment capital) - was held at land lot A15, 5th street, Danang Hi-tech Park, Hoa Vang district, Danang city. The groundbreaking ceremony witnessed the attendance of representatives from related departments of the city government.
At the opening ceremony, Mr. Motoshi Mitobe – Chairman of the Board of Directors, Tokyo Keiki Ltd Co., Ltd expressed his gratitude to the assistance of city leaders, related departments and the local authorities in facilitating the implementation of the project. Besides, it was requested that the contractor ensure the construction quality and progress, workplace safety as well as architecture and landscapes at the Hi-tech Park.
With the total investment capital of US$40 and the construction area of 5,300m2 (phase 1), Tokyo Keiki Precision Technology Co., Ltd focuses its production on small and medium-size switching electromagnetic valve, aiming to meet the expected increasingly needs of hydraulic equipments in developing countries in the future. The company is proposed to expand its line of business to producing high pressure impeller as well as its factory capacity by either expanding existing factory scale or building new plants in phase 2 and 3 of the project, which are expected to be put into operation in 2015.
Currently, Danang Hi-tech Park has been in the completion stage of the central roads, water and power supply, as well as general physical infrastructure.
Thuy Tram- IPC Danang
