2023-01-05
InvesTaiwan today (5th) approved the additional investments in Taiwan by Linde Lienhwa Industrial Gases Co., Ltd. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, United Industrial Gases Co., Ltd. under the Action Plan for Accelerated Investment by Domestic Corporations, and Chen Fong Machinery Works Co., Ltd. under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan have attracted over NT$1.9153 trillion in investments from 1,305 companies, and are expected to create 142,167 domestic employment opportunities, in which the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan has attracted approximately NT$1.147 trillion from 278 Taiwanese businesses and created 84,611 employment opportunities; the Action Plan for Accelerated Investment by Domestic Corporations has attracted approximately NT$399.6 billion in investments from 158 domestic corporations and created 24,594 domestic employment opportunities; the Action Plan for Accelerated Investment by SMEs has attracted approximately NT$401 billion in investments from 869 SMEs and created 32,962 domestic employment opportunities; applications of 16 companies are still pending review.
Industrial gases are a raw material known as the “blood of industry.” Linde Lienhwa Industrial Gases Co., Ltd. and United Industrial Gases Co., Ltd. belong to the Linde Lienhwa Group, and will jointly invest NT$21 billion under its localized production strategy in response to the strong growth demand of Taiwan’s electronics market, helping Taiwan’s semiconductor supply chain secure a key position in the world. Linde Lienhwa Industrial Gases Co., Ltd. submitted an application for the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and plans to recruit dozens of employees and invest nearly NT$6 billion to build new plants in Taoyuan Hi-Tech Industrial Park and Kaohsiung Linhai Industrial Park. Furthermore, the company will add smart machinery and equipment in Tongluo Science Park of Hsinchu Science Park, Central Taiwan Science Park, and Guanyin Industrial Park. United Industrial Gases Co., Ltd. has submitted its second application for the Action Plan for Accelerated Investment by Domestic Corporations. This time it will recruit numerous employees and invest over NT$15 billion to expand and build new plants in the Central Taiwan Science Park and Kaohsiung Nanzih Technology Industrial Park in coordination with plant expansions by its customers. The company will also increase production lines in its current plant in Hsinchu Science Park. The group supports the government’s energy conservation and carbon reduction policy by actively purchasing green electricity and investing in energy-efficient equipment. Furthermore, the group will collaborate with offshore wind farms in green hydrogen production and application development, sequentially reaching important milestones for sustainability.
Chen Fong Machinery Works Co., Ltd. is a high-tech company that manufactures precision parks, and provides crankshaft and connecting rod products that can be applied to lathes, automobiles, ships, water pumps, air compressors, and pneumatic equipment. To increase the production capacity of its production base and provide customers with better services and quality, the company plans to recruit 5 domestic employees and build a new plant in Baihe, Tainan City. It will also install an intelligent MES to enhance its competitiveness. With regard to energy conservation and carbon reduction, the company will install solar panels, increase the percentage of green electricity, and use equipment with low carbon emissions. The company hopes that the investment will create a win-win situation for the economy and environment, and become a hidden champion of crankshaft and connecting rod manufacturing in Taiwan.
Source： Department of Investment Services, MOEA
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