2021-01-22
InvesTaiwan approved the additional investments of NT$5.8 billion by 8 SMEs under the “Action Plan for Accelerated Investment by SMEs” during the joint meeting today (22nd). The 8 SMEs include Bao Hong Semi Technology Co., Ltd., T S Steel Co., Ltd., Tian Yuan Fruit Juice Co., Ltd, Qing Feng Global Foods Co., Ltd, Yuanchou Chemical & Pharmaceutical Co., Ltd., Jinshine Tea Co., Ltd, a certain warehousing company in Taiwan, and a petrochemical company in Southern Taiwan. A total of 74 joint review meetings have been convened for the “Action Plan for Accelerated Investment by SMEs,” and investments by 491 SMEs amounting to approximately NT$212.5 billion were approved, which will create 19,944 domestic employment opportunities. At present, the three major programs for investing in Taiwan have driven 798 companies to invest approximately NT$1.1868 trillion, which is expected to create 99,035 domestic employment opportunities, and the applications of 31 companies are still pending review.
Bao Hong Semi Technology Co., Ltd. is currently the largest semiconductor equipment refurbishment company across the Taiwan Strait, and its business items include equipment refurbishment, system upgrade, installation, and maintenance. The company sold over 500 process equipment in 2019, and its main customers include major fabs not only in Taiwan, but also China, South Korea, Japan, and Singapore. Bao Hong Semi Technology Co., Ltd. has the ability and key technologies for integrating advanced process systems. We have a complete supply chain and high substitution ratio using local parts and components, which effectively lower the cost of key parts and components, and enables us to meet customers’ delivery requirements. As a total solutions provider for equipment needed by customers, we have optimized information management operating procedures and established a robust quality management system providing customers with fast, high quality, and high value services. The company plans to invest over NT$400 million and recruit 25 domestic employees for a new plant in Hsinchu Baoshan. The new plant will have high precision smart equipment in hopes of mutually benefitting and prospering with domestic semiconductor manufacturers.
T S Steel Co., Ltd. is a manufacturer that specializes in channel bars, angle bars, and flat bars, which are used in buildings, factories, bridges, and ships. Besides supplying its products to domestic manufacturers, overseas sales account for nearly 40% of its revenue, and its long-term customers include Japan’s Mitsui & Co., Ltd. and Germany’s ThyssenKrupp AG and Duferco Group. Demand on factory construction rapidly increased in Taiwan after the US-China trade war began. Due to the rising awareness of disaster prevention in recent years, the company is optimistic about the high strength steel market, and therefore plans to invest nearly NT$100 million to set up a smart production line in its Changhua Shengang Plant, in order to achieve lean management, continue to increase the seismic resistance of construction materials, and expand its domestic and overseas market share. This investment will create 10 domestic employment opportunities.
Tian Yuan Fruit Juice Co., Ltd. mainly provides frozen juices, flavored syrups, and instant beverages. It has a dedicated R&D team that develops ingredients for hand-shaken drinks, such as syrups, ingredients, and powders. It is a professional manufacturer of ingredients for the drinks market, and also the global supplier of pearl milk tea ingredients. Its products are sold in China, the US, Canada, Germany, Japan, Singapore, Malaysia, and the Philippines. The company plans to recruit 49 domestic employees and expand its investment by nearly NT$300 million to build a plant in Changhua Tianzhong, in order to continue releasing new beverages and seize potential business opportunities in overseas markets. The new plant will have smart machinery and equipment, such as refrigerated automatic warehouses, automatic feeding and IoT systems. The company will continue to shine for Taiwan with its solid food processing technologies.
Qing Feng Global Foods Co., Ltd. has focused on Taiwan’s market for over 30 years, and mainly produces and sells prepared foods, snacks, fresh meat, and chicken essence. The company has obtained quality certificates for health foods, HALAL foods, and ISO22000. It sells chicken essence under the self-owned brand “Dynasty” not only in Taiwan, but also China, Hong Kong, Macau, and Singapore. The company’s current production lines are unable to meet the growth in market demand. Hence, the company plans to invest over NT$600 million to build a plant with smart sterilization, IoT, and automatic optical inspection systems in Yunlin Yuanchang. The systems will effectively improve the safety and performance of food production, allowing domestic and overseas consumers to enjoy the food without any worries.
Yuanchou Chemical & Pharmaceutical Co., Ltd. is an excellent pharmaceuticals company that obtained the PIC/S GMP certification, and manufactures over 200 drugs for cardiovascular systems, digestive systems, respirator systems, antipyretic analgesics, steroids, antibiotics, and ointments. During the outbreak of COVID-19, the company became a member of the national pharmaceuticals team, and all of its products are supplied to all major medical centers, regional hospitals, clinics, and pharmacies. As the average lifespan increases and the population ages, the company will not only manufacture pharmaceuticals for the domestic market, but also expand into overseas markets in the future. The company thus plans to invest nearly NT$300 million to build a smart factory and R&D office in Nantou City. The new factory will have smart process equipment and the company will continue to engage in R&D for the well-being of all mankind.
Jinshine Tea Co., Ltd. grew from a single tea company to several tea factories, and has a large tea plantation in Alishan. Its main products include black tea, green tea, oolong tea, coffee beans, and organic herbal tea. All of its tea leaves passed the pesticide inspection and numerous certifications, including ISO 22000 food safety management system, HACCP food safety control system, FSSC 22000 food safety system certification, HALAL certification, and FDA certification. The company continues to accumulate tea making technologies and develop new tea beverages. It has a vertically integrated business model from tea growing in its plantation, production, to sales to customers, producing safe and toxin-free tea. Its products are sold worldwide under the brand “Little Tea Teacher,” and it developed nitrogen cold brew tea products ahead of its competitors. The company is actively participating in domestic and overseas expansions to continue the international of its business to China, the US, Vietnam, and Indonesia. The company plans to expand its investment by over NT$200 million to build a third plant in Tainan City Hoshun Industrial Park. The new plant will have IoT and AI systems, and also an exhibition and sales center, which will be used to display its products and provide a space for customers to taste and purchase tea.
The domestic warehousing company provides warehousing and transit services for petrochemical materials. The company has over three decades of experience in the transportation, adjustment, and storage of petrochemical materials, and is an important logistics hub for the petrochemical industry in Southern Taiwan. To meet market demand, improve its service quality, and gain greater economic benefit, and also support Kaohsiung City Government’s urban renewal and the “Taiwan International Port Future Development and Construction Project,” the company plans to invest over NT$400 million to build a smart control center and maintenance workshop, in order to improve the safety and operational performance of the storage system, and prevent storage and operation abnormalities.
The petrochemical company in Southern Taiwan mainly produces PVC and upstream raw materials required for its processing. Another of the company’s main businesses is soil and ground water pollution investigation and remediation technical services, developing advanced environmental protection technologies to reduce the impact of pollutants on the environment. The company plans to invest NT$3.4 billion to construct raw material and product storage tanks and underground pipelines in Southern Taiwan, increasing its raw material storage capacity in response to the volatile international situation and shortage of petrochemical raw materials in Taiwan. The company will also use smart sensor equipment to change the operating model of the petrochemical industry, and effectively improve the work environment and safety.
Spokesperson of InvesTaiwan: Acting COO Chen Ming-Chu
Telephone: 02-2311-2031 Ext. 802
Mobile Phone: 0938-637-901
Email: nicole@invest.org.tw
Source： Department of Investment Services, MOEA
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