# KP Aero Industries to build aircraft parts factory in Da Nang, Vietnam

South Korean KP Aero Industries will build a 20,000 sq.m factory at Da Nang Hi-Tech Park with an investment of VND 480 billion (USD 20 million). Construction starts Q1 2024, first phase operational Q4 2024, full capacity by Q2 2029.

- Type: New facility
- Announced: 2024-01-12
- Where: Da Nang Hi-Tech Park, Da Nang, Vietnam, Vietnam
- Value: $20.0M (480.0B VND)
- Jobs: 500
- Starts operating: Sep 2024
- Status: announced
- Capacity: 20,000 sq.m
- Products: aircraft aft body, APU door, MIC wing tip, raked wing tip, wing box, winglet, flap fairing support, aircraft metal fabrication
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [KP Aero Industries](https://endata.com/companies/74934.md)
- [Boeing](https://endata.com/companies/685.md) (customer)

## Sources

- [vietnamnews.vn](https://vietnamnews.vn/economy/1639159/korean-aerospace-and-aircraft-project-lands-at-da-nang-hi-tech-park.html), 2024-01-12: "South Korean KP Aero Industries will start building a 20,000sq.m factory with an investment of VNĐ480 billion (US$20 million) at the central city’s Đà Nẵng Hi-Tech Park."
- [reuters.com](https://www.reuters.com/business/aerospace-defense/boeing-supplier-kp-aero-invest-20-mln-factory-vietnam-2024-01-24/), 2024-01-24: "The company would initially invest $20 million through 2028 to assemble components for Boeing 787 and 737 aircraft."
- [vietnamnews.vn](https://vietnamnews.vn/economy/1640004/construction-starts-on-aircraft-component-factory-in-da-nang.html), 2024-01-30: "The KP Aero Industries Co. Ltd from the Republic of Korea on January 30 held a ground-breaking ceremony to start the construction of its KP Vina Aircraft Component factory with an investment of US$20 million."
- [bizhub.vietnamnews.vn](https://bizhub.vietnamnews.vn/construction-starts-on-aircraft-component-factory-in-da-nang-post352334.html), 2024-01-30: "The KP Vina aircraft component factory is expected to become operational in September this year, creating about 500 jobs."
- [en.vietnamplus.vn](https://en.vietnamplus.vn/construction-starts-on-aircraft-component-factory-in-da-nang-post277023.vnp), 2024-01-30: "The KP Vina aircraft component factory is expected to become operational in September this year, creating about 500 jobs."
- [news.tuoitre.vn](https://news.tuoitre.vn/korean-firm-begins-work-on-20mn-boeing-787-737-max-aircraft-component-plant-in-vietnam-10378105.htm), 2024-01-31: "The plant is slated for commercial operation this year."
- [en.vneconomy.vn](https://en.vneconomy.vn/south-koreas-kp-aero-industries-begins-construction-of-20mln-factory-in-da-nang.htm), 2024-01-31: "The challenges in operating an aviation component factory in Da Nang begin with this breaking of ground."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.