2024-01-19
InvesTaiwan today (19th) approved the application of Yih Cheng Factory for assistance under the Action Plan for Accelerated Investment by Domestic Corporations, to expand its investment in Taiwan. To date, the Three Major Programs for Investing in Taiwan have attracted over NT$2.1754 trillion in investments from 1,442 companies, and are expected to create 149,500 domestic employment opportunities. Of which, the Action Plan for Accelerated Investment by Domestic Corporations has attracted approximately NT$505.5 billion in investments from 181 domestic corporations, creating 26,962 domestic employment opportunities; applications from 11 companies are still pending review.
Yih Cheng Factory is a professional hand tool manufacturer founded in 1981. It is currently run by the third generation. With "Yih Cheng 100" as its company vision, the company is moving towards the goal of becoming a century-old enterprise. Yih Cheng Factory produces more than 35 million screwdrivers every year, and its export volume and value grow at an annual rate of more than 20% from 2021 to 2023. Its main customers include internationally renowned tool brands. In response to changes in the global market and customer demand, Yih Cheng Factory decided to hire 21 domestic employees, invest over NT$2 billion to rebuild its head office in Nankang, and set up intelligent production lines to increase production capacity and improve product yields. In addition, to align with the international trend of net-zero carbon emissions, the new head office is set to be a green building with an energy management system installed, in the hope to gradually implement energy conservation and carbon reduction measures. This investment project will help enhance the company's competitiveness, produce higher-value products, meet the needs of professional customers, and create a more convenient life for people.
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 Promotion, MOEA
About Us
InvesTaiwan InvesTaiwan Service Center Department of Investment Promotion, MOEA Department of Investment Review, MOEA Contact TaiwanPlanning
Reasons to Invest Overview Key Industries for Investment Promotion Incentives Important Policies Success Stories
MOEA
MOEA DOIP
MOEA YouTube
Juiker App-Call Free
Let's Juiker Together
