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2020-10-22
InvesTaiwan today (22nd) approved additional investments of over NT$500 million in Taiwan from Alteam Inc. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and Yuanling Knitting Industrial Co., Ltd. under the Action Plan for Accelerated Investment by Domestic Corporations. At present, the three major programs for investing in Taiwan has attracted over NT$1.1278 trillion in investments from 693 companies, and will create 94,246 domestic employment opportunities, including approximately NT$788.6 billion in investments from 205 Taiwanese businesses returning to invest in Taiwan, which will create 65,240 employment opportunities; approximately NT$169.3 billion in investments from 88 domestic companies, which will create 12,718 employment opportunities. The applications of 50 companies are currently pending review.
Alteam Inc. has been in the industry for over 40 years, and adopted the model of R&D and design in its Taipei Head Office and manufacturing in Guangzhou, China. It is a world famous brand that offers a variety of audio products. Due to the impact of the US-China trade war and pandemic, Alteam decided to reduce its production capacity in China and move advanced production lines back to Taiwan. It will invest NT$90 million to build an R&D center, electroacoustics laboratory, and smart healthcare production line in Yilan Science Park, which will utilize AGVs and robot soldering machines, in order to develop towards fields with high added value, such as smart healthcare and smart automobile electronics. Alteam’s OEM products are extensively applied in the gaming industry, consumer electronics, in-vehicle infotainment, mobile communications, smart home, and healthcare. Its in-vehicle wireless headphones have become a part of the OEM supply chain for TOYOTA and LEXUS. The company began building its own brand “ALTEAM” in recent years, and has sold in domestic brick-and-mortar stores, e-commerce, and Amazon. As the world becomes an aging society, demand on hearing aids has continued to increase; high-end cars continue to be high in demand, and has increased the scale of the car stereo market. The company decided to return to Taiwan and invest in Yilan Science Park, and will dedicate its efforts to marketing MIT audio products around the world, creating a new niche for Taiwan’s electroacoustics industry.
Yuanling Knitting Industrial Co., Ltd. has manufactured textiles in footwear for 40 years, and supplied fabrics needed by global sports and outdoor product manufacturers, such as Nike, Converse, Skechers, Columbia, and Vans. Starting in 1998, it became a main supplier of lining fabrics and fabric uppers for the world’s number one sports brand, Nike, thus securing a place in the highly competitive sports shoes industrial chain. The pandemic pushed people towards exercise and pursuing better health. In response to customers’ strict requirements on high quality, short delivery time, and customization, the company will invest over NT$400 million to establish a circular knitted fabric smart production line, purchase finished goods testing laboratory equipment, establish a fully automated chemical materials warehousing system, install wastewater recycling equipment, and implement green manufacturing and green processes in its Changhua Plant. The company aims to improve the work environment, attract more local talent, develop new textiles, and expand into different markets. This investment is expected to create 30 domestic employment opportunities.
Spokesperson of InvesTaiwan: Acting COO He Kun-Sung
Telephone: 02-2311-2031 Ext.: 808
Mobile Phone: 0966-533-987
E-mail: ksho@moea.gov.tw
Source: Department of Investment Services, MOEA
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