Boeing to boost manufacturing in Vietnam as supplier builds plant
South Korean aero parts supplier KP Aero Industries said on Wednesday it plans to invest $20 million in a Vietnam factory to assemble components for Boeing planes, a move that would expand the U.S. aviation firm’s manufacturing network in the Southeast Asian country.
The U.S. 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.
Lee Young-su, a senior official at KP Aero, told Reuters the company would initially invest $20 million through 2028 to assemble components for Boeing 787 and 737 aircraft.
