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2022-10-14
InvesTaiwan today (14th) approved the additional investments of 4 companies, including Reco Biotek Co., Ltd. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and Hungji Enterprise Co., Ltd., Zheng Cheng Precision Industry Co., Ltd., and ARGO Yacht Club under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan have attracted over NT$1.8065 trillion in investments from 1,264 companies, and are expected to create 139,860 domestic employment opportunities, in which the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan has attracted approximately NT$1,098.6 billion in investments from 273 Taiwanese businesses and created 84,046 domestic employment opportunities; the Action Plan for Accelerated Investment by SMEs has attracted approximately NT$382 billion in investments from 841 SMEs and created 32,133 domestic employment opportunities; the applications of 11 companies are still pending review.
Reco Biotek Co., Ltd. is a subsidiary of RECO Holdings, Ltd., and is positioned as a provider of integrated biometrics solutions. Its main products include fingerprint recognition module packaging, and has made a technological breakthrough in ultrasonic fingerprint recognition. Due to the growing demand on biometrics for information security and online transaction authentication, combined with Taiwan’s importance in the global semiconductor supply chain, the Company plans to expand its production line in Taiwan, and will establish a production line for new products in its current factory in Houli Science Park, Central Taiwan Science Park. The investment is aligned with the international trend of energy conservation and carbon reduction, the machinery and equipment purchased comply with IE3 for low carbon emissions, and green power will be used for production. The company also plans to compile its carbon inventory to effectively monitor the carbon emissions from its processes. The investment is expected to create at least 500 local employment opportunities.
Hungji Enterprise Co., Ltd. specializes in metal sales and processing services for semiconductor and AOI companies. Following the development of the semiconductor industry towards advanced processes, the company has strengthen its manufacturing capabilities, and plans to recruit 8 domestic employees and invest an additional over NT$100 million to install smart machinery in its existing factory in New Taipei Industrial Park. It will also use low carbon equipment and purchase electric trucks to replace conventional diesel vehicles. The investment is expected to effectively integrate resources and continue to develop domestic and overseas markets, working together with Taiwanese companies to provide excellent MIT parts around the world.
Zheng Cheng Precision Industry Co., Ltd. mainly engages in the design and assembly of precision machinery, and provides customers with equipment planning for entire factories. The company specializes in copper clad laminate process equipment and passive component process equipment, and is the industry benchmark for coating equipment technologies. The company plans to invest over NT$300 million to build factories A and B and an office building in Hukou, Hsinchu County in response to the increasing demand on IC substrate coating equipment, in order to enhance its competitiveness. Solar panels will be installed on the rooftops of the buildings. Furthermore, the company will invest in a 3D design and modeling system for customers to understand the production process through 3D images. This will minimize the risk of issues and build close partnerships with customers.
ARGO Yacht Club aims to provide a leisurely marine lifestyle experience, and has thus introduced offshore leisure facilities, formed a fleet, organized yacht races, and offers courses on water sports. Since Taiwan is surrounded by water, the company hopes that citizens will be able to enjoy marine leisure resources, and plans to invest an additional over NT$200 million to build a smart marina at Love River in Kaohsiung, utilizing 5G and IoT systems for berth management, waterfront safety image recognition, and 5G UAV patrol systems. Furthermore, the company will also use low carbon shore power system and emphasize water resources management to protect marine ecology and create a sustainable leisure environment. The investment will create 11 domestic employment opportunities in Taiwan.
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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