Yokogawa Establishes Subsidiary In Hanoi

Yokogawa Electric Corporation has officially launched Yokogawa Vietnam, a subsidiary that will provide engineering and maintenance services and increase the competitiveness of its industrial automation and control business in Asia’s second fastest growing economy.

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.

Prompted by the rapidly increasing demand for oil and natural gas in the global market, many oil and natural gas development projects including the construction of new chemical plants are currently underway in Vietnam. Yokogawa is actively developing its business with the aim of becoming the frontrunner in the global industrial automation and control market by 2010. As part of its efforts, Yokogawa is focusing on strengthening its sales and engineering capabilities by making the best use of resources and improving its maintenance service system in markets worldwide.