Yokogawa Electric Corporation (www.yokogawa.com) announced plans to establish a subsidiary in Vietnam that will provide engineering and maintenance services for its industrial automation and control business in the country.
According to Yokogawa, the move is prompted by the many oil and natural gas development projects in the region, namely the construction of new chemical plants currently underway in Vietnam.
In 2003, Yokogawa established a representative office in Hanoi that has been developing the Vietnamese industrial automation and control market in cooperation with local sales representatives. To further expand this business, Yokogawa considers it essential to have facilities and personnel for providing engineering and maintenance services in this market. Yokogawa Vietnam is being planned for this purpose.