2018-11-13

New Shipbuilding Facility to Break Ground Soon at Suao Port

After successfully winning the bid to lease 6 ha. of land and associated facilities near the Official Basin at Suao Port over one year ago, Lung Teh (LT) Shipbuilding Company formally received construction permits for the site on October 30th (2018). The company will start construction in December and should finish all new facilities on its Suao Port campus in March 2020. LT Shipbuilding operations at Suao Port are expected to create at least 200 new job openings. Taiwan International Ports Corporation (TIPC)’s active recruitment of companies to establish business operations at Suao Port, a branch port of TIPC’s Port of Keelung subsidiary, has begun bearing fruit. LT Shipbuilding signed their lease agreement with the Port of Keelung at the end of 2016 to lease land for its shipbuilding operations. The company will construct new shipbuilding and dockyard facilities, ultimately investing an estimated NT$2 billion and generating at least 200 new jobs that will give a significant and welcome boost to the local economy. A statement by TIPC notes that Suao Port has in recent years focused on bolstering its port-industry and tourism/recreation-related strengths. LT Shipbuilding will be joining other business ventures such as the Chii Lih Coral Museum and Brighthouse Hotel in the Suao Port family. In the not-too-distant future, Suao Port anticipates also welcoming new Free Trade Zone (FTZ) investments from businesses in the bamboo materials processing and renewable energy sectors, which will further maximize the utilization of port resources, create new revenue streams, and fuel new regional economic growth and prosperity. Contact：Port of Keelung, TIPC Phone： 03-9972010

2018-09-21

MOEA Investment Promotion Delegation Creates Collaboration Opportunities for Taiwan and Japan

Tseng Wen-Sheng, Political Deputy Minister at the Ministry of Economic Affairs (MOEA), led the 2018 MOEA Investment Promotion Delegation to Tokyo, Japan between September 18th and 21st. The delegation targeted industries of the 5+2 Industrial Innovation Plan, including green energy, circular economy, defense, and aerospace, as well as key industries of Taiwan. The delegation visited a total of 9 Japanese companies that play a key role in the global industry, and also held a forum for Taiwanese companies in Tokyo to learn about their business. The visit helped create collaboration opportunities between Taiwan and Japan’s industries, and is expected to bring even more investments that will drive Taiwan’s energy transition and enhance Taiwan’s industrial competitiveness. The primary achievements of this year’s Investment Promotion Delegation are as follows: 1. Strengthened collaboration in the aerospace industry and created business opportunities for small and medium enterprises (SMEs): Taiwan is focused on developing its defense and aerospace industries, which have continued to grow in the past few years in terms of output value, reaching NT$100 billion in the past two years. Kawasaki Heavy Industries is an important integrated systems company in Japan’s aerospace industry, and its scope of business also covers automobiles, vessels, and materials. Seeing the high potential of Taiwan’s aerospace industry, Kawasaki Heavy Industries detailed future cooperation opportunities between both sides to the delegation, and also arranged a visit to see the production line of its transport aircraft, which is a rare opportunity. Taiwan’s aerospace companies are already capable of manufacturing advanced metals and composite materials, and have obtained international certification as tier 1 aviation systems producers. We hope the companies will engage in more in-depth collaboration on the current foundation utilizing Kawasaki Heavy Industries’ connections in the industry and integration capabilities, so as to build on the advantages and expand the market of domestic companies. 2. Promoted the localization of the offshore wind power industry: Mitsubishi Electric is a world famous electronics and semiconductor company with years of experience working with Taiwanese companies. Mitsubishi Electric continues to invest in advanced precision semiconductor devices, and is expanding the usage of the devices in the offshore wind power industry. The parties broadly exchanged opinions on the future outlook and production capabilities of green energy and semiconductors, and the company made a commitment to work with Taiwanese companies in localizing the offshore wind power industry’s supply chain. 3. Expanded AI applications in Taiwan and provided precious experience in the development of renewable energy: NEC has operated in Taiwan for over 36 years and has always been an important partner to our information and logistics industries. NEC has actively invested in numerous AI R&D and testing projects in recent years, and has made many achievements, such as application in smart monitoring for city security, energy management, and power demand prediction management and usage. Taiwan has been promoting the AI industry in recent years, and interactions between Taiwan and Japan in AI R&D and application can be expected to become growingly frequent. We look forward to the NEC engaging in AI talent and technology exchanges with Taiwan in the future. Furthermore, the company’s energy storage system can effectively resolve the issue of instability when renewable energy is integrated into the power grid and balance power supply during peak load. The system has been successfully installed in Europe, America, and Southeast Asia. The visit will help provide better total solutions for developing the renewable energy industry in Taiwan. 4. Learned from Japan’s successful experience with energy transition: Taiwan plans to sequentially carry out energy transition and reduce its dependency on fossil fuel. To prevent air pollution from affecting citizens’ health, Taiwan also proposed the strategy to develop electric vehicles, including setting the policy goals of making all official vehicles electric by 2030, making all new scooters sold in 2035 electric, and making all new vehicles sold in 2040 electric. Facing the challenge of rapid changes in the energy sources, CPC Corporation, as the leading supplier of fuel in Taiwan, must carefully plan its future business strategy and transition plans, and the delegation therefore visited JXTG (formerly ENEOS) and NEDO. Both have successful examples and advanced concepts relating to energy transition, green energy deployment, and fuel cell vehicles. The delegation learned a great deal after in-depth discussions with the representatives of the two organizations, and plans to incorporate Japan’s course of development and experience into Taiwan’s future energy transition and industrial development policies. 5. Created business opportunities in the New Southbound market Itochu Corporation has been actively investing in Taiwan’s retail industry in recent years, and introduced a highly efficient cargo delivery and logistics system, providing an innovative business model. After the trade war recently broke out between China and the United States, Taiwanese businesses urgently need to consider new production bases and markets. Itochu Corporation has adjusted its business model along with social changes, and enjoys the advantage of having distribution channels throughout overseas markets. Combined with the flexible adjustment ability of Taiwanese companies overseas, it will surely gain some success in the ASEAN market. Members of the delegation included the Department of Investment Services, Energy Bureau, InvesTaiwan, Committee for Aviation Industry Development, High-Value Petrochemical Industry Promotion Project, Taiwan-Japan Industrial Collaboration Promotion Office, and the Green Energy and Environment Research Laboratories. The delegation’s main purpose is to facilitate investments and technical collaboration. The MOEA will continue to target overseas Taiwanese and foreign companies in key industries that possess key technologies, and will encourage them to make investments in Taiwan, drive industrial upgrade and transformation, and boost overall economic prosperity and growth. Department of Investment Services Spokesperson: Deputy Director Chen Hsiu-Chuan Office Number: 02-2389-2111 ext. 812 Mobile Phone: 0988-368-187 Email: alexchen@moea.gov.tw Contact Person: Section Chief Lin Mei-Hsing Office Number: 02-2389-2111 ext. 210 Mobile Phone: 0988-158-298 Email: mhlin2@moea.gov.tw