2021-09-17
InvesTaiwan today (17th) approved the total investment of nearly NT$5.1 billion in Taiwan by 7 companies, including Chenming Electronic Tech. Corp. and Formosa Microsemi Co., Ltd. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, China General Plastics Corporation (CGPC) under the Action Plan for Accelerated Investment by Domestic Corporations, and Wa Ta Her Co., Ltd., Perfect & Outstanding Technology Inc., Tosei Seafood Co., Ltd., and Titan Star International Co., Ltd. under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan has attracted over NT$1.3413 trillion in investments from 998 companies, and will create 113,702 domestic employment opportunities. A total of 224 Taiwanese businesses invested approximately NT$853.2 billion under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and created 72,630 employment opportunities. A total of 114 domestic corporations invested approximately NT$210.5 billion under the Action Plan for Accelerated Investment by Domestic Corporations, and created 15,757 employment opportunities. A total of 660 SMEs invested approximately NT$277.6 billion under the Action Plan for Accelerated Investment by SMEs, and created 25,315 domestic employment opportunities. The applications of 52 companies are still pending review.
Chenming Electronic Tech. Corp. has focused on the manufacturing of computer and server casings for over four decades. It invested in China during early periods and has a manufacturing center in China. The company’s head office is located in Taiwan, and it has marketing locations in the United States. Its main customers are well-known system companies in Taiwan and overseas. Due to the impact of the US-China trade war, the company established a production base in Taiwan in response to customer demand, and its first investment project under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan was approved in March 2020.The company is investing in a second project to continue implementing smart production for the future IoT, AI, and 5G markets. The company plans to recruit over 100 domestic talent and invest nearly NT$1.9 billion to build a plant in northern Taiwan. The company will implement smart production lines, systematically develop server case products, and develop highly automated process technology. It will continue to deepen its roots in Taiwan as it expands globally.
Formosa Microsemi Co., Ltd. manufactures switching diodes, fast diodes, zener diode, Schottky diode, TVS and ESD, bridge rectifier, MOSFET, and transistor products, and has obtained patents in the United States, China, and Japan. The company established a production base in China, and also established locations in Asia, Europe, and America. The company plans to recruit 60 domestic employees and increase its investment in Taiwan by nearly NT$1 billion in Yilan City, tearing down its original plant to build a larger new plant, in order to avoid the impact of the US-China trade war, complete vertical integration, and add new wafer and 5G diode production lines. The company developed products with high added value through software and hardware upgrades, and further improved quality and increased output value, driving new developments of the semiconductor industry in Taiwan.
China General Plastics Corporation (CGPC) has focused on developing in Taiwan for years. Its production base is located in Toufen, Miaoli and produces PVC powder, hard tubes, tape, and rubber products. It is one of the top three PVC manufacturers in Taiwan, and its products are sold in America, Europe, Australia, Southeast Asia, and China. Due to market trends and achieve smart production, the company plans to invest over NT$800 million to build an automatic warehousing system to resolve the issue of insufficient storage space, increase its overall shipment efficiency, and achieve energy conservation and carbon reduction goals. The company is utilizing a cloud platform to achieve digitalized, visualized management, driving new developments in the plastic manufacturing industry in Taiwan.
Wa Ta Her Co., Ltd. focuses on steel bar and steel plate cutting, processing, and sale, as well as construction material processing and sale, to meet the demand of buildings, industry, transportation, and urban and public construction. The company plans to invest over NT$300 million to build a modernized smart factory in Kaohsiung Daliao Ho Fa Industrial Park to provide better cutting and construction material services to meet customer needs. The company also utilized IT to build a virtual platform and implement IoT management and monitoring, effectively controlling its operating costs and lowering risks, producing high quality steel materials to realize the company’s sustainability strategy. The investment will create 9 domestic employment opportunities.
Perfect & Outstanding Technology Inc. is mainly involved in plastic processing for reuse and the manufacturing and sale of SRF from plastic. It is the only company in Taiwan with the technology to transform waste plastic into fuel, and is also the first factory in Taiwan to legally reuse plastic waste into fuel. The SRF it produces all complies with fuel standards of Taiwan’s Department of Waste Management, Germany’s fuel DIN, and the EU’s SRF standards. The company plans to recruit 50 domestic employees and increase its investment by over NT$200 million to construct a plant in Tainan City An Ping Industrial Park, in order to resolve the issue with ultimate disposal of plastic waste and provide new energy that complies with air pollution standards. The plant has an incoming storage area, fuel rod storage area, office, and testing lab, transforming toxic waste into gold and achieving Taiwan’s circular economy.
Tosei Seafood Co., Ltd. is a frozen/refrigerated seafood company that mainly processes tilapia, sea bass, and grouper in Taiwan. The company’s products have obtained HACCP, ISO22000, EU, CAS, and ASC certification, and are sold to well-known companies in Taiwan, such as: Sushi Express, Costco, and Carrefour. To continue providing consumers with safe and healthy eco-friendly aquatic products, the company plans to recruit 15 domestic employees this year. The company will invest NT$300 million to build a new generation international plant in Chiayi County Yi-Jhu Industrial Park, and establish a smart, fresh, packaging cold chain production line that complies with HACCP standards. The company also uses monitoring and temperature control equipment for consumers to taste fresh seafood in Taiwan.
Titan Star International Co., Ltd. is a domestic manufacturer of security systems and sensors, and has maintained a long-term production and technology partnership with Japan’s SECOM (Japan’s largest security system company).Its products include IoT smart systems, IoT sensors, and AI surveillance systems, which are supplied to Taiwan’s largest security company – Taiwan Secom Co. , Ltd. The company will invest NT$500 million to build a new plant in Hsinchu Industrial Park, and install smart manufacturing equipment to prepare for the era of big data and AI. Besides meeting market demand on customization, the company also aims to achieve smart and safe energy efficient manufacturing. The investment will create 8 domestic employment opportunities.
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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