UAC to export first aerospace components in June 2020

Le Truong Ky said during a groundbreaking ceremony on March 29 that the factory will be put into technical operation in February 2020, ahead of its commercial service in April 2020.

The facility, costing US$170 million, will manufacture, process and assemble aerospace components and products from aluminum alloys and composites, apart from casting and extruding aluminum composites to serve the industry.

In its first phase, the factory, built at Danang Hi-tech Park, is scheduled to turn out 5,000 tons of molded aluminum composites per year and 2,400 tons of extruded aluminum composites annually. Meanwhile, the second phase of the facility will be put into service in April 2023.

The factory is expected to export US$25 million worth of components in 2021, some US$85 million one year later, and over US$180 million annually after 2026.

Speaking at the ceremony, UAC CEO Kevin Loebbaka said that UAC will purchase machinery, packages, equipment and materials from domestic firms to operate the factory, and employ large numbers of high quality workers in the fields of mechanics, automation and electricity.