Hyundai Engineering Co., a major industrial plant builder of the Republic of Korea, has won a 2.17 billion USD deal to upgrade a refinery plant in Indonesia (Photo: www.businesskorea.co.kr) Jakarta (VNA) - Hyundai Engineering Co., a major industrial plant builder of the Republic of Korea, has won a 2.17 billion USD deal to upgrade a refinery plant in Indonesia. Under the deal with Indonesia's state-run PT Pertamina, Hyundai Engineering will take part in Indonesia Balikpapan Refinery Development Project that aims to revamp oil processing facilities in Balikpapan, East Kalimantan, some 1,000 kilometres northeast of Jakarta. Hyundai Engineering said it will be responsible for the engineering, procurement and construction for the facility upgrade, which will increase the plant's oil-refining output from 260,000 barrels per day to 360,000 barrels per day. The company under Hyundai Motor Group said it is expected to take 53 months for the completion. With the latest order, … [Read more...] about Hyundai Engineering to build oil refinery plant in Indonesia
Safran inaugurates new leap engine parts plant in poland
Japanese firm opens $5 million plant in Ha Nam
A worker of the Fuji Electric Industry Viet Nam plant in Ha Nam Province.— VNA/VNS Photo Nguyen Chinh Japanese Fuji Electric Viet Nam Co inaugurated a US$5 million plant in the northern province of Ha Nam on Thursday, making it the 100th project financed by Japanese enterprises in the locality. Built over nearly 11,500sq.m in Dong Van III Industrial Zone, the Fuji Electric Industry Viet Nam plant will produce electric wires used in automation applications, switchgear components and circuit protection. These products will be exported to Japan and Southeast Asian markets. Speaking at the ceremony, Vice Chairman of the provincial People's Committee Truong Quoc Huy praised the investor’s efforts in launching the plant in line with its schedule, saying that the plant will contribute to speeding up local economic growth and creating more local jobs. He vowed that local authorities will continue to create a favourable environment for the investors and others from Japan to invest … [Read more...] about Japanese firm opens $5 million plant in Ha Nam
Hanwha aircraft engine parts factory inaugurated in Hanoi
Representatives open Hanwha Aero Engines factory (Photo: VNA) Hanoi (VNA) – The Hanwha Aero Engines Company Limited, a member of the Republic of Korea’s Hanwha Group, inaugurated an aviation engine parts plants in Hanoi’s Hoa Lac Hi-tech Park on December 6. The Hanwha Aero Engines factory project was granted an investment registration certificate by the Hoa Lac Hi-Tech Park Management Board with a total investment capital of 200 million USD. Construction started in September 2017 on a total area of nearly 97,000 sq.m. The plant is expected to launch its first products in January 2019. Speaking at the launching ceremony, head of the Party Central Committee’s Economic Commission Nguyen Van Binh said he hopes the Hanwha Aero Engines plant will become a role model for how to transfer technology from the Republic of Korea’s enterprises to Vietnam, thereby opening up access to key technologies and enhancing technological capacity for Vietnam. - … [Read more...] about Hanwha aircraft engine parts factory inaugurated in Hanoi
South Korean-invested aircraft engine parts factory inaugurated
A South Korea-invested aircraft engine parts factory has just been completed at Hanoi’s Hoa Lac Hi-tech Park. The inaugurating ceremony for Hanwha Aero Engine factory in Hoa Lac Hitech Park on December 6 The inaugurating ceremony for the USD200- million Hanwha Aero Engine factory on Thursday saw the participation of Deputy Prime Minister Truong Hoa Binh, Head of the Party Central Committee's Economic Commission Nguyen Van Binh, along with representatives from several agencies. The construction of the 97,000-square metre project was started in December last year and is scheduled to produce its first products in January 2019. More than 40 South Korean experts are present at the plant to provide training courses for around 200 Vietnamese technicians. At the event, Head of the Party Central Committee's Economic Commission Nguyen Van Binh said the plant would become a role model for how to transfer technology from South Korean businesses to Vietnam, thereby opening … [Read more...] about South Korean-invested aircraft engine parts factory inaugurated
Việt Nam’s first aircraft engine parts factory launched
Representatives open Hanwha Aero Engines factory. — VNS Photo Phương ThảoViet Nam News HÀ NỘI — Hanwha Aero Engines Company Limited, a member of the Republic of Korea’s Hanwha Group, inaugurated the first of three planned aviation engine parts plants in Hà Nội’s Hòa Lạc Hi-tech Park on Thursday. The Hanwha Aero Engines factory project was granted an investment registration certificate by Hòa Lạc Hi-Tech Park Management Board with a total investment capital of US$200 million. Construction started on September 21, 2017 on a total area of nearly 97,000 sq.m. Speaking at the launching ceremony, head of the Party Central Committee’s Economic Commission Nguyễn Văn Bình said he hoped the Hanwha Aero Engines plant would become a role model for how to transfer technology from the Republic of Korea’s enterprises to Việt Nam, thereby opening up access to key … [Read more...] about Việt Nam’s first aircraft engine parts factory launched