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2019-12-19
InvesTaiwan convened the 46th Joint Review Meeting for the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan today (19th), and approved the investments of Well Shin Technology Co., Ltd., Sun-Upper Metal Industry Co., Ltd., Pino Technologies Co., Ltd., and Aker Technology Co., Ltd. that totaled over NT$1.8 billion. After the Ministry of Economic Affairs implemented the three major programs for investing in Taiwan, a total of 283 companies have applied and will invest about NT$835.1 billion, which will increase 68,002 employment opportunities in Taiwan. And, a total of 164 Taiwanese businesses have invested NT$711.6 billion and created 58,332 employment opportunities since the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan was implemented on January 1 this year.
Well Shin Technology Co., Ltd. expects itself to be a guardian of safe power use, and it offers diversified power cord products, which are applied in home appliances, 3C, electrical machinery, vessels, transportation, medical care and electric vehicles. Power cords and cord sets for home appliances exported to the U.S. account for the highest percentage of its revenue, and its products are used in numerous major home appliance manufacturers in the Europe and America. Its products were directly impacted by the 25% tariffs on products exported from China to the U.S., so the company decided to invest over NT$700 million on adding a production line and developing its current factory in Changhua into a smart factory. The company has dedicated its efforts into the development of IoT smart products and smart power management, which has increased its output value and competitive advantages. The investment will create one hundred employment opportunities in Changhua.
Sun-Upper Metal Industry Co., Ltd. is the leading OEM for thermos bottles, and uses its key technologies in the vacuum process and heat insulation patent to support Japan’s top three thermos bottle companies, as well as numerous well-known brands in the U.S. and Taiwan. The company invested NT$300 million to expand its factory in Yunlin for building the first smart vacuum process production line in response to the high tariffs of the trade war and the requests of its U.S. customers. It’s the only Taiwanese business to return and build an advanced metal thermos bottle production line in Taiwan over the past 30 years. Besides vacuum liners of water dispensers and the world’s first vacuum heat insulation exhaust pipe for automobiles, the new production line will also be able to make titanium thermos bottles, which requires advanced processing technologies, and will make the company one of very few companies in the world with the ability to make titanium thermos bottles. The company will also establish an R&D center and continue to develop new products and new markets, in order to secure the international status of Taiwan’s vacuum products. This investment will create 135 employment opportunities in Taiwan.
Pino Technologies Co., Ltd. mainly supplies optical lenses and related modules for AI surveillance products of Costco, MiTAC, Liteon, Pegatron, and Alpha Networks. Facing the changes in China’s investment environment and the impact of high tariffs on its main products, it is inevitable that the company must increase its production capacity and development in Taiwan. The company will invest over NT$400 million to expand its factory in Changhua Xiushui, add an automated production line, and upgrade optical equipment to meet the requirements of high-end products. In the meantime, the company will establish an R&D center to develop medical lenses and add a clean room. This investment will increase 108 employment opportunities and cultivate local optical talent in Changhua, creating an optical industrial chain with high output value and salaries.
Aker Technology Co., Ltd. makes quartz components, such as quartz crystals and quartz crystal units, which plays a key role in ICT, consumer electronics, IoT, 5G, and automobile products. Not only Magna which is the largest automobile parts manufacturer in North America but also Jabil, Foxconn, and Liteon which are the world’s top three EMS manufacturers are its terminal customers. Aker decided to increase its production capacity for high-end products in Taiwan, and invested NT$400 million to build a head office and factory with intelligent equipments in Taichung Export Processing Zone. The company will recruit 25 domestic talent. This investment will disperse its operating risk in the trade war, and also allow it to seize rising business opportunities of 5G and medical products.
Spokesperson of InvesTaiwan: Acting COO He Kun-Sung
Telephone: 02-2311-2031 Ext.: 808
Mobile Phone: 0966-533-987
Email: ksho@moea.gov.tw
Source: Department of Investment Services, MOEA
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