Airbus selects Vietnam-based firm to make Sharklet plates for A320s

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French aircraft manufacturer Airbus announced Wednesday the first package of airplane parts to be made in Vietnam by its newly selected part maker, Hanoi-based Nikkiso Vietnam. Nikkiso Vietnam, a 100 percent Japanese-invested manufacturing company located at the Thang Long Industrial Park II in the Vietnamese capital city, will produce composite vertical bars and the armor plates of Sharklet wingtip devices for A320 aircraft. The production will be done under a subcontracting deal with the Korean Air Aerospace Division, the main supplier of Sharklet devices for Airbus. Sharklets help save fuel and are available on A320s, according to Jean-Francois Laval, Airbus Executive Vice President for Asia. With 4,280 A320 planes waiting to be delivered to customers worldwide, the part manufacturing package will ensure steady work for Nikkiso Vietnam, Laval said at a press conference in Hanoi yesterday. Vietnam was chosen as Airbus's part-making destination thanks to its fast … [Read more...]

Panasonic opens its new washing machine

HUNG YEN (VNS)— Panasonic Appliances Viet Nam Co, Ltd opened a washing machine factory in Thang Long Industrial Park II, Yen My District, Hung Yen Province yesterday. The US$32 million factory, fully funded by Panasonic Corporation, is the first in Viet Nam that integrates Research and Development (R&D) with manufacturing. The factory will manufacture around 300,000 sets of washing machines in 2013. Its manufacturing capacity will double to 600,000 sets of washing machines yearly and attract around 300 local employees by 2014. The new factory will focus on the development of high-performance washing machines that incorporate Panasonic's advanced eco-friendly and smart technologies, reflecting its commitment to environmental sustainability.-VNS … [Read more...]

Thang Long Industrial Park II -Important Highlighted Location to Attract Investors to Hung Yen

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Thang Long Industrial Park II is invested by Thang Long Industrial Park II Corporation (TLIPII), a subsidiary of Sumitomo Corporation, a capable and experienced enterprise which invested and developed many industrial park infrastructure projects worldwide. Thang Long Industrial Park II is highly appreciated by the Hung Yen province Communist Party Committee, People's Committee leaders as well as the concerned authorities for its effort to complete fully infrastructure, provide services, and investment in modern water supply and sewage treatment systems. Thang Long Industrial Park II is regarded as a model industrial park, an important highlight in the domestic and overseas investment attracting strategy of Hung Yen Province, especially attracting Japanese investors. Thang Long Industrial Park II in the whole scale of 345,6 ha and total cost of VND1,900 billion is invested into 2 phases: Phase 1 (220 ha) was completed and leased out 94 percent. With the target of creation a modern and … [Read more...]

Panasonic Inaugurates New Washing Machine Factory in Vietnam

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Panasonic Appliances Vietnam Co., Ltd (PAPVN) on 20th March inaugurated its new washing machine factory in Thang Long Industrial Park II, Yen My district, Hung Yen province. The US$32 million factory, fully invested by Panasonic Corporation, is the first in Vietnam that integrates Research and Development (R&D) function with its manufacturing business. The new factory will focus on the development of high performance washing machines which incorporates Panasonic's advanced eco and smart technologies reflecting its commitment to environmental sustainability. The factory aims to achieve 50 percent of production for the local market and 50 percent for export to other ASEAN countries. Construction of the facility commenced in March 2012. The factory targets to reach manufacturing capacity of 600,000 sets of washing machines per annum and provide employment to around 300 locals by 2014. TKD … [Read more...]

Sumitomo Increases Investment in Vietnam

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On March 1, 2013 at the VCCI head office, President Vu Tien Loc of the Vietnam Chamber of Commerce and Industry (VCCI) hosted a meeting with Mr Nakamura, President of Sumitomo Corporation of Japan, during his visit to Vietnam for the commemoration of the 40th anniversary of Vietnam - Japan relations. Mr Nakamura said Sumitomo highly values Vietnam as it is the most important and attractive market for Japanese businesses. Many Japanese companies place strong expectations in Vietnam’s economic development. He said Sumitomo gets involved in many projects in Vietnam in various areas like infrastructure, communications, electricity, railways, power, coal and oil. He expressed his hope to see its projects be sped up. He added that to attract Japanese investors, Vietnamese authorities should reduce administrative procedures and speed up contract negotiations of major projects to reach early consensus with relevant ministries and agencies. He hoped Vietnam will soon resolve this issue … [Read more...]

BUSINESS IN BRIEF 21/12

Power project receives credit for implementation A credit contract, worth 3.3 trillion VND (160 million USD), for a 500 kilovolt power transmission project was signed on December 19 in Hanoi. The contract was signed between the State-owned Vietnam Electricity's Power Transmission Corp and the Bank for Industry and Trade of Vietnam ( Vietinbank) - Hanoi branch. The credit will fuel the 500 kV Pleiku-My Phuoc-Cau Bong project, which is part of the Government's national grid development master plan. Covering the provinces of Gia Lai, Dak Lak, Dak Nong, Binh Phuoc and Ho Chi Minh City , the project aims to ensure electricity supply to southern areas in the 2014-2015 period, as well as power grid connectivity across Vietnam , Laos and Cambodia in 2015. The 9.28 trillion VND project is also funded by the World Bank, the Vietnam Development Bank and the Asia Development Bank. Ministry eyes new fuel tax scales The Ministry of Finance is considering a more exact way of changing its … [Read more...]

Kyocera seeks tax incentives

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Japan's Kyocera Corporation is seeking support from Vietnam's Ministry of Industry and Trade for tax incentives granted to a supporting industry enterprise. Vietnam Kyocera Company, a wholly-owned subsidiary of Kyocera Corporation, recently sent a proposal to the Ministry of Industry and Trade (MoIT) saying that its manufacturing project in northern Hung Yen province should be recognised as a supporting industry enterprise, given that its products are surface mount devices (SMD). … [Read more...]

Sumitomo Osaka Cement powers up battery

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Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My district, northern Hung Yen province on November 30. The 5 billion JPY (US$62.5 million ) plant is specialised in manufacturing cathode materials for lithium ion batteries, an essential material in the energy revolution. … [Read more...]

Sumitomo Osaka Cement powers up battery plant

HUNG YEN (VNS)— Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My District, northern Hung Yen Province yesterday. The JPY5 billion (US$62.5 million) invested plant is specialised in manufacturing cathode materials for lithium ion batteries, an essential material in the energy revolution. "The new plant in Viet Nam will provide a solid foundation to expand our lithium-ion battery cathode material business throughout the region and wider world," said General Director of SOC Viet Nam Yoshihiko Sumitani. "We are now able to take advantage of Viet Nam's talents and raw materials for our plant operation and in turn we will transfer our technology, knowledge and experience to the country's staff," Sumitani added. Located in a 56,000-quare-metre area in the Thang Long Industrial Park II, the plant was designed to produce 2,000 tonnes of product per year. The productivity could be increased to 10,000 tonnes per year, depending on market … [Read more...]

Door to open for more industrial park options in the northern economic engine

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Japan's Sumitomo Corporation will expand Thang Long Industrial Park II for foreign investors seeking a place to drop anchor in Vietnam. The Thang Long park is already home to many profitable operators Deputy Prime Minister Hoang Trung Hai on December 29, 2011 signed a document allowing Hung Yen Provincial People's Committee to hand over 125.6 hectares to Thang Long Industrial Park II Corporation, a subsidiary of Sumitomo Corporation, for developing the second phase of the industrial park in this province. Pham Thai Son, director of Hung Yen's Industrial Parks Management Authority, said the document would allow local authorities to clear the site, while the developer could prepare for construction of the project, about 30 kilometres northeast from Hanoi. "The park is the most successful in our province, so we are happy as the government supports the expansion of this one. This will contribute to attract more investments in our province," said Son. Thang Long Industrial Park II … [Read more...]

Japan’s green brush to paint eco picture

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Sustainable development, environment protection and green technologies are being championed by Japan to address Vietnam's eco challenges. Building a green economy is now Vietnam's top priority Co-organised by the Vietnam Chamber of Commerce and Industry, Business Council for Sustainable Development and Japan Economic Times, the "Global environment business - Environment Technology Cooperation between Vietnam and Japan" centred a range of big Japanese enterprises. Those firms are operating in Vietnam in fields related to environment protection and sustainable development. Deputy Prime Minister Hoang Trung Hai said climate change was one of the top global priorities, especially for Vietnam, which was among the most vulnerable countries to climate change. "Vietnam has gained remarkable economic development achievements, however urbanisation and modernisation are challenging the environment," Hai said. The deputy premier highlighted environment impacts made by energy … [Read more...]

Dong Anh Mechanical One-Member Limited Liability Co: Confident on the Top Place

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"The Dong Anh Mechanical Company's secret to success lies in its name built from Quality - Economical - On time - Perfect service. The market is open, or in other words, everyone share equal opportunity. If you want to occupy the market, you must be the No. 1. Then, you will have the right to choose and minimise risks," said Lai Van Dam, Director of Dong Anh Mechanical Company. Recalling the time the company operated in the centrally planned economy and subsidy mechanism from 1963 - 1989, Director Dam said: "The capital of the company was very small during that period, business targets were unclear, mainly serving the Mechanical Construction Union. But, this period left major spiritual values. Scores of construction machines and even war tanks were repaired by the company, serving the combat against invaders and the construction of the country. That was the period of pride and the tradition of overcoming difficulties of the company." Since 1990, the company's business operations were … [Read more...]

Airbus to manufacture components in Vietnam

Airbus, one of the world's leading commercial aircraft manufacturers, on April 23 announced it has selected the Nikkiso Vietnam Company as a manufacturer of its components. Nikkiso Vietnam, based in the northern province of Hung Yen, will manufacture composite vertical bars and armor plates of Sharklet, the winglet on A320 aircraft. It will undertake sub-contracts with the Korean Air Aerospace Division (KAL-ASD), the main supplier of Sharklet. With around 4,280 A320 airplanes being sold to airlines around the world, the new Airbus industrial work package will ensure long-term contracts for Nikkiso Vietnam. Airbus Executive Vice President for Asia Jean-Francois Laval said Vietnam's aviation market has been growing fast, with great potential in developing the aviation and aerospace industry. He further said he hopes the work package will further tighten the relations between stakeholders as well as benefit the country's aviation industry in the near future. Airbus … [Read more...]

Travelers want to fly more, but greener

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Over 60 percent of people worldwide want to fly more by 2050, but almost all - 96 percent - believe aircraft need to be more environmentally efficient, according to a study from aircraft-maker Airbus. Photo: Reuters/Tim Wimborne With findings drawn from a 10,000-strong survey, the planemaker also consulted with 1.75 million people in 192 countries over a two-year period to better understand the public perception of air travel's future. Released three days before the Farnborough International Airshow, the study indicates that quieter aircraft are important (backed by 66 percent of respondents), while almost 40 percent felt the air-travel experience is increasingly stressful. Respondents' gripes included queues at passport control; slow check-in and baggage collection; sitting on the tarmac; and circling in holding patterns around airports. "Capacity constraints are a sign of things to come unless the industry can work together to cut delays, and with aviation set to double … [Read more...]

Airbus delays A380 wing crack repairs to 2013

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Airbus has delayed repairs to wing cracks on its flagship A380 superjumbo to early next year in order to allow time to ensure the fixes are final, the company said on Thursday. "The critical point is that we only want to go and do this one time," said Airbus Executive Vice President Tom Williams. "The permanent solution will be applied in the early part of next year and will be for aircraft that are in service," he said. The European planemaker will begin building A380 wings without the defect using a new type of aluminium in 2013 which means aircraft delivered from 2014 onwards, Williams added. Australia's Qantas and other airlines found tiny cracks, which Airbus said posed no risk to safety, on the wings of several A380s earlier this year. The A380, which entered service in 2007, is the world's biggest passenger jet and a key product in Airbus's line-up as it battles its main rival US giant Boeing for the top spot in the world civil airliner industry. Source AFP … [Read more...]

Win 30,000 euro prize and make aircraft clean and green

To make the industry more sustainable, the challenge is looking for suggestions on all aspects of the 'Environmental Life Cycle' of an aircraft from the design phase to the wrecking yard. Charles Champion, Airbus Executive Vice President Engineering and FYI patron, said, "FYI is a unique opportunity for students to be part of Airbus' vision for an eco-efficient aviation industry of the future. The competition is designed to stimulate ideas for both a more connected and sustainable world. It also enables Airbus to engage with students and research teams to identify R&T opportunities to balance the increased demand for air travel with a better environment." … [Read more...]

Airbus A380 visits Hanoi

The world largest passenger aeroplane-Airbus A380, landed on the Noi Bai international airport in Hanoi at 10.35 am on September 2. The plane later made a 75-minute flight around Hanoi, carrying 230 passengers. According to Edouard Ullmo, Airbus executive Vice President for Asia-Pacific and America, A380 is ready for flights to Vietnam. After its performance in Vietnam, A380 will fly to Hong Kong to continue its Asia Pacific tour. Apart from Noi Bai, two other airports in Vietnam, namely Tan Son Nhat in Ho Chi Minh City and Da Nang in central Da Nang city, are ready to receive the giant plane. Source: VNA, Photo: dantri … [Read more...]

Airbus to manufacture components in Vietnam

Airbus, one of the world's leading commercial aircraft manufacturers, on April 23 announced it has selected the Nikkiso Vietnam Company as a manufacturer of its components. Nikkiso Vietnam, based in the northern province of Hung Yen, will manufacture composite vertical bars and armor plates of Sharklet, the winglet on A320 aircraft. It will undertake sub-contracts with the Korean Air Aerospace Division (KAL-ASD), the main supplier of Sharklet. With around 4,280 A320 airplanes being sold to airlines around the world, the new Airbus industrial work package will ensure long-term contracts for Nikkiso Vietnam. Airbus Executive Vice President for Asia Jean-Francois Laval said Vietnam's aviation market has been growing fast, with great potential in developing the aviation and aerospace industry. He further said he hopes the work package will further tighten the relations between stakeholders as well as benefit the country's aviation industry in the near future. Airbus … [Read more...]

Airbus names component manufacturing partner

HA NOI (VNS) — The Japan-invested Nikkiso Viet Nam was selected to be Airbus's first-ever component manufacturer in Viet Nam, according to an announcement made by the airline in the capital yesterday. This company will be responsible for the manufacture of composite components for the fuel-saving Sharklets, the new 2.4-metre-high wingtip devices, which contribute to a significant reduction in fuel burn of around 4 per cent by ensuring better air flow at the end of the wings. Sharklets have been available as an option on the current A320 models since 2012 and will be fitted as standard on the latest version, A320neo, which is set to enter service by the end of next year. According to Jean-Francois Laval, the executive vice president for Airbus Asia, the lightweight composite parts, including interior spares and outer panels, will be produced from raw materials at the Nikkiso Viet Nam factory in the northern Hung Yen Province's Thang Long Industrial Park 2, under sub-contract with … [Read more...]

Press digest – April 23

President Sang greets families of former Chinese experts Viet Nam always bears in mind the assistance provided by Chinese advisors and experts during its anti-French resistance war, President Truong Tan Sang said while receiving a delegation of former experts' families in Ha Noi on April 23. Their visit came at a time when the country is gearing up for the 60th anniversary of Dien Bien Phu victory. President Sang said he hopes both sides will facilitate the exchange of visits to educate young generations on the Viet Nam - China friendship. Measles spread must be put under control: PM PM Nguyen Tan Dung has requested strong determination to put an end to the spread of measles. The Government chief made the request on April 23 in Ha Noi in the wake of the infectious diseas developing in a complicated manner. He asked the Ministry of Health and localities especially Ha Noi to keep a close watch on the disease developments and provide emergency treatment to measles patients in … [Read more...]