2024-07-19
InvesTaiwan today (19th) approved additional investments in Taiwan by 3 companies, including Chih Kang Material Co., Ltd. under the Action Plan for Accelerated Investment by Domestic Corporations, and Tian Fu Industrial Co., Ltd. and Kingyoup Optoelectronics Co., Ltd. under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan has attracted approximately NT$2.3239 trillion in investments from 1,513 companies, and will create 152,722 domestic employment opportunities. A total of 190 domestic corporations invested approximately NT$559.6 billion under the Action Plan for Accelerated Investment by Domestic Corporations, and created 28,256 employment opportunities. The Action Plan for Accelerated Investment by SMEs attracted 1,010 SMEs to invest a total of approximately NT$477.2 billion, and created 36,760 employment opportunities. The applications of 17 companies are currently pending review.
Chih Kang Material provides high value-added sheet metal product development and OEM services, and continues to learn the latest international processing technologies to enhance the company's core competitiveness. Unlike the business model of industry peers that specialize in specific processes, Chih Kang Material targets customer groups with product sample and small-volume production needs, and dedicates its efforts to integrating processes from stamping, bending, welding, to coating, painting, printing, and assembly, establishing an integrated production process. The company plans to build phase three factory buildings at its Tainan Yongkang plant, add smart production lines, compile its greenhouse gas inventory, and install solar power generation facilities, in order to strengthen the image of MIT products. The investment amount is approximately NT$250 million and will create 4 domestic employment opportunities. Chih Kang Material established the "Taiwan Metal Creation Museum" in 2013, which combines sheet metal technology with Tainan's features and cultural creativity. It has been selected as an international tourism factory for three consecutive years, which shows its dedication and sense of mission in passing down sheet metal techniques.
Tian Fu Industrial Co., Ltd. mainly engages in the manufacturing and export of hand tools. Its products include hand tools, pneumatic tools, auto repair tools, and professional tool sets. Its products are sold in more than 80 regions and countries around the world under the "GENIUS" brand, and it is cooperating with nearly 30 Taiwanese tool manufacturers in marketing as the "Taiwan Tool Group," meeting distributors' needs for various products in one stop. The company plans to build a new plant in Taichung Industrial Park to expand its production scale. It will purchase precision lathes, milling machines, and automated robotic arms and install a smart warehousing integration system to reduce manpower and improve production yield. The new plant is expected to compile its carbon inventory, install solar photovoltaic facilities, and use energy-saving lighting systems, in hopes of protecting the environment and saving energy. The investment amount is estimated at approximately NT$370 million and will create 3 domestic employment opportunities.
Kingyoup Optoelectronics Co., Ltd. focuses on the semiconductor and third-generation solar power perovskite industries. Its main products include large-size continuous coating equipment, as well as 2.5D and 3D IC packaging process equipment and laser stripping equipment jointly developed with IBM, which are mostly used in advanced semiconductor packaging processes, advanced LED processes, and perovskite optoelectronic processes. The company is optimistic that the booming AI industry and the global trend of energy conservation and carbon reduction will increase market demand for laser stripping equipment and perovskite vacuum coating equipment. Kingyoup Optoelectronics plans to hire an additional 6 domestic employees and invest nearly NT$60 million to add production lines in its Taoyuan and Tainan plants, purchase automated measurement equipment, introduce ERP management processes, and improve energy-saving equipment in clean rooms, in hopes of improving production efficiency and reducing carbon emissions.
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
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