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2021-10-22
InvesTaiwan today (22nd) approved the additional investments of nearly NT$3.4 billion in Taiwan by 9 companies, including Far Eastern Fibertech Co., Ltd. and Goang Hann Enterprise Co., Ltd. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, as well as Chung Yang Industries Co., Ltd., Kao Wein Precision Co., Ltd., Ele Shine Metal Industry Co., Ltd., Shunchi Industrial Mfg. Co., Ltd., Juang Jia Guoo Co., Ltd., Ji Wan International Trading Co., Ltd., and Shin Agri Tech Co., Ltd. under the Action Plan for Accelerated Investment by SMEs. The project change by Hannstar under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan was also reviewed and approved. At present the three major programs for investing in Taiwan have attracted 1,031 companies to invest over NT$1.3863 trillion, which is expected to create 115,135 domestic employment opportunities.A total of 229 Taiwanese businesses invested approximately NT$879.7 billion under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and created 72,651 employment opportunities.A total of 119 domestic corporations invested approximately NT$219.4 billion under the Action Plan for Accelerated Investment by Domestic Corporations, and created 16,036 employment opportunities.A total of 683 SMEs invested approximately NT$287.2 billion under the Action Plan for Accelerated Investment by SMEs, and created 26,448 domestic employment opportunities. The applications of 55 companies are still pending review.
The medium and small panel manufacturer Hannstar was approved for the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan in July 2019. Its application for investment plan change in response to the upgrade of its TFT-LCD production capacity was approved today, and the company will invest an additional over NT$20 billion.The company purchased its Plant No. 4 in the Southern Taiwan Science Park to add smart micro LED and next generation high-end LCD production lines. Its new production capacity will be mainly used for medium and small panel applications, which will be used in mobile phones, wearable devices, notebooks, tablet PCs, industrial control, and in-vehicle devices. The company will invest a total of NT$27.9 billion.The company expects its production capacity to increase from the current 130-140 thousand wafers to 160-170 thousand wafers, which will allow it to achieve record high profits and also create 607 employment opportunities in Taiwan.
Far Eastern Fibertech Co., Ltd. mainly engages in the development and manufacturing of Nylon 66, and has the highest production volume in Taiwan and Asia. Its products are sold in Taiwan, China, Japan, South Korea, Southeast Asia, and Sri Lanka, and is used in athletic and functional clothing of international brands, such as Lululemon, Nike, Adidas, Columbia, and Patagonia. In response to the rapid growth and changes in the global market, the company will continue to expand its capacity and development of highly functional and eco-friendly Nylon 66, and plans to invest nearly NT$600 million to expand its plant in Guanyin Industrial Park. The company will add 6 smart production lines and recruit 12 domestic employees, upgrading its production management model to preventive management.It will improve quality and production efficiency through fully automatic packaging and optimized warehouse equipment management, developing the local market and building its advantages through product differentiation.
Goang Hann Enterprise Co., Ltd. has been established for 35 years and engages in the development, manufacturing, and sales of aluminum products. The company launched its own brands “Goang Hann Soundproof Windows” and “G-HG”, as well as OEM solar power, auto parts, furniture, and fitness equipment, which are sold in the Asia Pacific, the United States, and the European Union. The company’s first project was approved for the Action Plan for Accelerated Investment by Domestic Corporations in December 2020, and will expand its current plants and production lines in response to the needs of customers in the international market. The company now plans to invest an additional over NT$500 million in a second project.The company will build a fifth plant in Yongkang Technology Park, which will integrate a smart logistics system with automated equipment, and also utilize industrial automation solutions to achieve the goal of preventive management through machine learning. The company aims to diversify aluminum extrusion product applications and further improve its business performance in the international market, increasing the benefits from its investments.
Chung Yang Industries Co., Ltd. has been established for over half a century and started out as a manufacturer of sowing machine parts. It developed and designed a two-stroke engine under its own brand, and later transformed into a precision parts OEM for Japanese automobile manufacturers. It offers a wide range of processed products that are extensively applied in industries, and supplied to Taiwan, Europe, America, Japan, and Australia. In coordination with the six core strategic industries being promoted by the government, the company hopes to utilize its years of traditional manufacturing experience to further transform into a satellite and space tech product processing plant. The company thus plans to recruit 35 domestic employees and invest nearly NT$500 million in its current plant in Taichung, using machine networking, sensors, and AI under its data development strategy, and implementing digital systems to drive smart manufacturing. The company aims to increase its resilience and also enhance the competitiveness of Taiwan’s space industry in response to the development of the global low orbit satellite industry.
Kao Wein Precision Co., Ltd. is a developer and manufacturer of bonded washers, such as EPDM Bonded Washers and cutting rubber washers, which are usually installed underneath the head of screws, bolts, or nuts, forming a sealing gasket that protects the surface of the connector and increases load capacity. Is products are mainly exported to numerous countries around the world, such as Poland, Russia, the United States, Turkey, Southeast Asia, and Eastern European countries. The company plans to recruit 14 domestic employees to continue developing core technologies, and will invest nearly NT$200 million to build a plant in Kaohsiung Gangshan, installing a resource recycling green product production line. It will also establish a smart manufacturing system to maintain its competitive advantages and secure a place in the global supply chain.
Ele Shine Metal Industry Co., Ltd. has over 40 years of experience in developing precision metal parts for CNC lathe machine, CNC milling machine, and milling complex machines. It has obtained numerous quality management and system certifications, and its main products include shock absorber parts and components, jet engine nozzles, motor parts and components, and medical device precision fasteners. The company plans to recruit 13 domestic employees to ensure its growth momentum and meet customers’ development needs. It will invest over NT$100 million to build a second plant in Changhua Xihu, which will have automated equipment, robotic arms, and management equipment.The plant will also be equipped with a smart system to enhance its product competitiveness and integrate services in-line with the company’s purpose, using excellent technology to provide the world’s most comprehensive services as it continues to expand business overseas and generate higher revenue.
Shunchi Industrial Mfg. Co., Ltd. was founded in 1983 and is an OEM/ODM for medium and small crankshaft assemblies and connecting rods. The scope of its product applications include motorcycle, ATV, jet ski, and snow mobile. The company’s products are sold across 5 continents, and its customers include well-known brands across the world, including YAMAHA, Piaggio, RWB, and Peugeot. It is a supplier of key parts in the global OEM supply chain for special vehicles. Due to the impact of the US-China trade war and the pandemic, relocating supply chains has become a market trend to lower risks. The company thus plans to invest over NT$300 million in its current plant in Tanzi District, Taichung City, and will implement smart equipment to effectively increase its productivity and R&D capabilities, in order to maintain its leadership in the industry and increase its global market share. The investment will create 85 domestic employment opportunities.
Juang Jia Guoo Co., Ltd. mainly produces eco-friendly packaging paper, heat-resistant and grease-resistant bags for the fast food industry, and a variety of packaging bags and fruit bags. The company has obtained ISO 22000, HACCP, FSC, and BRC certifications, and supplies its products to well-known fast food chains, supermarkets, and breakfast chains in Taiwan and overseas. Due to governments across the world picking up the pace of their policy to limit plastic use, the company has invested in the automatic manufacturing of eco-friendly packaging materials that pass food safety certifications, in order to achieve sustainable development. The company thus plans to recruit 74 domestic employees and invest over NT$300 million to add smart production equipment in its plant in Yunlin Douliu, utilizing AI, ERP, MES, and SCADA smart manufacturing systems to monitor production information as it strives to become the number one eco-friendly bag manufacturer in the Asia Pacific.
Ji Wan International Trading Co., Ltd. mainly imports and sells frozen aquatic products, and its distribution channels include domestic aquatic product wholesalers, fish markets, factories, and supermarkets. Over the years, the company has worked with aquatic product exporters in Southeast Asia countries, and exports products to Hong Kong, South Korea, and the Philippines. Taiwan’s aquatic product processing technology is number one in Asia. On this basis, the company can be expected to utilize its advantages in the international market. The company thus plans to increase its investment by NT$80 million to build a HACCP grade food processing plant in Pingtung Zhutien, and will install refrigerated warehouse equipment and a smart warehouse management system, enhancing its industrial competitiveness while creating 14 domestic employment opportunities.
Shin Agri Tech Co., Ltd. mainly produces feed for livestock and also produces feed for poultry. Its first investment project to expand its feed plant was approved for the Action Plan for Accelerated Investment by SMEs in October 2020.Since chicken is the cheapest source of animal protein and the company is optimistic about the future of the chicken market, the company is currently planning a second investment project and will recruit 65 domestic employees and invest nearly NT$700 million to build an electric slaughter factory in Guantian District, Tainan City, which will use standard operating procedures for slaughtering chicken.The company will use smart technology to accurately monitor the slaughtering process and prevent chicken from being contaminated, in order to set a new paradigm for agriculture in Taiwan and provide consumers with safe and high quality meat products.
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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