2023-03-24
InvesTaiwan today (24th) approved the additional investments by 3 SMEs, including Sumitomo Bakelite (Taiwan) Co., Ltd., Poe Lang Enterprise Co., Ltd., and Ta Tun Electric Wire & Cable Co., Ltd. during the joint review meeting for the Action Plan for Accelerated Investment by SMEs. At present, the total investment of approximately NT$410.1 billion by 892 SMEs was approved under the Action Plan for Accelerated Investment by SMEs, and will create 33,514 domestic employment opportunities. At present, the three major programs for investing in Taiwan have driven 1,340 companies to invest approximately NT$2.0417 trillion, which is expected to create 144,387 domestic employment opportunities, and the applications of 10 companies are still pending review.
Sumitomo Bakelite (Taiwan) Co., Ltd. is the market leader of epoxy molding compound used in semiconductor production processes in Taiwan. It is also the only domestic packaging material manufacturer with R&D ability. Due to emerging market applications, such as 5G, IoT, next generation telecommunications network, and electric vehicles, coupled with the U.S.-China trade conflict, Taiwan has become the best option for investing in mature semiconductor processes. The company will invest nearly NT$1 billion to build a plant and add production lines in Kaohsiung Dafa Industrial Park in response to market demand. It will use smart technologies to visualize production information and improve productivity. The investment included carbon reduction plans in coordination with government policy. The plant will be built with green building concepts, solar panels will be installed on the rooftop, and machinery and equipment will meet IE3 standards. The investment is expected to create 30 domestic employment opportunities.
Poe Lang Enterprise Co., Ltd. is a world-famous company for the R&D, production, and sales of archery products, and holds an important position in the market for its years of experience and superior technologies in the industry. It sells products in Europe and America under its own brand “EK ARCHERY,” and continues to explore and design innovative products, becoming the pioneer of archery products in consumers’ hearts. “EK ARCHERY” developed the world’s first repeating crossbow, not only increasing the shooting efficiency, but also making it more flexible and agile, which has made it highly popular among consumers. The company will invest nearly NT$500 million to build a new plant in Fengyuan, Taichung, and will improve its business performance through smart processes and high-end information management, in order to enhance its global competitiveness. With regard to investments in eco-friendly processes, the company will install solar panels on the rooftop and install a wastewater treatment system to reduce the plant’s energy consumption. The investment is expected to fully prepare the company for sustainable operation and will create employment opportunities for Fengyuan.
Ta Tun Electric Wire & Cable Co., Ltd. specializes in the manufacturing and sale of wires and cables, and leads the industry in extra high voltage power cable technologies. The company’s first application under the Action Plan for Accelerated Investment by SMEs was approved in July 2020. It submitted a second application for an investment plan to continue developing high quality products that will meet the demand on power cables in the green electricity market, such as wind power, solar power, and energy storage. The company plans to hire 4 domestic employees and invest over NT$400 million to add a power cable product line in its Taoyuan Yangmei Plant, and will install smart automated equipment. It will utilize a solar-plus-storage system for energy management and to achieve peak shifting. The company aims to meet ESG requirements and promote its products in the international market as it enhances its manufacturing capabilities.
Source： Department of Investment Services, MOEA
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