The first local brewery for China's Tsingtao Beer will be built in Pintung County and start mass production in 2004, the local distributor said yesterday.
"NT$3 billion will be invested in the facility, with a maximum production goal of 331.2 million bottles per year," said Peter Tsai (
Tsai added that the brewery would sit atop 8.5 hectares of land and be open for tours, a business offshoot that is expected to generate some NT$6 billion a year and create multiple job opportunities.
The brewery's first year production goal is 82.8 million bottles, growing to 165.6 million bottles the second year, Tsai said.
He said Tsingtao Beer will provide bottle labelling and brewing technology under a 30-year deal with the Chinese parent company.
Taiwan Tsing Beer Corp is a unit of Taiwan-based Sanyo Whisbih Group (
Tsai and the corporation's president paid a visit to Pintung County Commissioner Su Chia-chuan (蘇嘉全) on Wednesday, accompanied by a former Control Yuan member Yeh Yao-peng (葉耀鵬). Yeh is the company's spokesperson and also a shareholder in the corporation.
Su reportedly told his guests that he warmly welcomed the company's investment in Pintung.
According to Yeh, Su facilitated the brewery's construction by providing preferential land leases as well as sufficient supplies of water and electricity.
In addition, Pintung County will invest about NT$60 million to build transportation infrastructure around the brewery's construction site, while Su also plans to build a recreational farm nearby to attract more visitors, Yeh was as saying in the local media yesterday.
According to Tsai, local beer drinkers have responded well to the newly-imported Chinese beer. He said that 36 million bottles of Tsingtao Beer have been sold in Taiwan since April.
Tsingtao's main competition is Taiwan Beer, Tsai said.
After grabbing a 5 percent market share in July, Tsai estimated the brewer could control 20 percent of the Taiwan market within three years.
Tsingtao's entry into the nation's beer market is one of the first by a foreign brewery following termination of the alcohol-production monopoly held by the state-controlled Taiwan Tobacco and Wine Board (TTWB,
The government is cutting tariffs on hundreds of goods and opening its market to foreign competition as a result of its entry into the WTO in January.
The TTWB, which produces and distributes Taiwan Beer, said it has firmly secured an 85 percent market share in Taiwan that no rival could possibly steal away.
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52