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Traditional industry to receive help

Eighteen of the nation's traditional industries have been targeted under a government-initiated "mega investment" project aimed at helping them upgrade their manufacturing structures and know-how as well as increase output and sales.

The Ministry of Economic Affairs will allocate NT$15 billion (US$454.55 million) this year to initiate plans for industrial upgrading, under which 18 selected core manufacturing businesses -- including metal and petrochemical processing, machinery manufacturing, textiles, plastics and biopharmaceuticals -- will be assisted in efforts to integrate vertically, cooperate across sectors and explore export markets.

Under the plans, traditional manufacturing industries -- which posted annual output of NT$4.92 trillion in 1995, gradually increasing to NT$7.2 trillion in 2005 -- are expected to achieve annual production totalling NT$10.59 trillion by 2015, ministry officials said.

The plans will include increased subsidies to help train skilled workers, including those responsible for quality control; push for QC verification and product licensing; provide long-term soft loans; and help open up markets abroad, ministry officials said.

Industries selected for the program include iron and steel, auto parts, machine tools, mechanical parts and components, industrial robots, flat panel displays and semiconductor equipment and metal products, among others.
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