HANOI: South Korean aero parts supplier KP Aero Industries said on Wednesday (Jan 24) it plans to invest US$20 million in a Vietnam factory to assemble components for Boeing planes, a move that would expand the US aviation firm’s manufacturing network in the Southeast Asian country.
The US aviation giant already has seven “sub-tier” suppliers – companies that sell components to its direct suppliers – in Vietnam.
In September, Boeing also reached a preliminary deal with flag carrier Vietnam Airlines for the sale of 50 Boeing 737 Max 8 jets.
KP Aero is a supplier of parts to Korean Air’s engineering division, which is in turn a direct supplier to Boeing.Boeing deferred to KP Aero for comment. Source: Reuters/ga
