■ CPC to revamp complex
The state-run Chinese Petroleum Corp (CPC, 中油) will invest NT$42.59 billion (US$1.25 billion) to revamp one of its naphtha cracker complexes, the company said yesterday. The Council for Economic Planning and Development has given its approval, the CPC said. The investment funds will be used to expand the naphtha cracker complex in Linyuan, southern Taiwan, over a period of six years. With a capacity of one million tonnes of ethylene per year, the new cracker is scheduled to commence production in 2011.
■ Aplix, iaSolution merge
Japan's Aplix Corp, the world's leading Java technology platform service provider for mobile phones, said yesterday it had merged with Taiwan's iaSolution Inc (曜碩) for NT$2.4 billion (US$70.6 million). The latter company, the largest Java embedded solution provider in China and Taiwan in terms of license base, will become a wholly owned subsidiary of Aplix, it said in a statement. Established in 2000, iaSolu-tion's 12 licensed customers include TCL Corp, Lenovo Group Ltd (聯想) and Amoi Electronics Co (夏新電子) in China; BenQ Corp (明基電通), Asustek Computer Inc (華碩電腦) and HTC Corp (宏達電子) in Taiwan; and Maxon in South Korea.
■ NT dollar rises
The New Taiwan dollar yesterday traded higher against its US counterpart, advancing NT$0.003 to close at NT$34.100 on the Taipei foreign exchange market. Turnover was US$390 million.
RSS