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.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
READY TO HELP: Should TSMC require assistance, the government would fully cooperate in helping to speed up the establishment of the Chiayi plant, an official said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its investment plans in Taiwan are “unchanged” amid speculation that the chipmaker might have suspended construction work on its second chip packaging plant in Chiayi County and plans to move equipment arranged for the plant to the US. The Chinese-language Economic Daily News reported earlier yesterday that TSMC had halted the construction of the chip packaging plant, which was scheduled to be completed next year and begin mass production in 2028. TSMC did not directly address whether construction of the plant had halted, but said its investment plans in Taiwan remain “unchanged.” The chipmaker started
MORTGAGE WORRIES: About 34% of respondents to a survey said they would approach multiple lenders to pay for a home, while 29.2% said they would ask family for help New housing projects in Taiwan’s six special municipalities, as well as Hsinchu city and county, are projected to total NT$710.65 billion (US$23.61 billion) in the upcoming fall sales season, a record 30 percent decrease from a year earlier, as tighter mortgage rules prompt developers to pull back, property listing platform 591.com (591新建案) said yesterday. The number of projects has also fallen to 312, a more than 20 percent decrease year-on-year, underscoring weakening sentiment and momentum amid lingering policy and financing headwinds. New Taipei City and Taoyuan bucked the downturn in project value, while Taipei, Hsinchu city and county, Taichung, Tainan and Kaohsiung