Taiwanese condiment manufacturer Vedan Enterprise Corp (味丹) has rejected compensation demands from Vietnamese farmers for polluting a river, saying the request for US$34 million was too high, officials said yesterday.
Farmers’ associations in the three southern provinces affected by the pollution are to meet on Thursday to discuss their strategy, said Trinh Nhu Do, chairman of the Dong Nai Province Farmers’ Association.
Vedan lawyer Hoang Nhu Vinh said the farmers’ request for US$34 million was too high and had no legal basis, the state-run newspaper Tuoi Tre reported. Vinh said farmers’ losses had not been verified by competent agencies, and that Vedan would agree to pay only US$1.4 million.
Do said Vedan had argued that Vietnam’s Ministry of Natural Resources and Environment found 70 other firms had also contributed to polluting the Thi Vai River.
But senior environment ministry official Bui Cach Tuyen said his ministry had made no such finding.
“That is just what Vedan says,” Tuyen said. “If they really send official documents to inform us that they refuse to compensate the farmers, let’s see what will happen.”
Vedan initially offered to voluntarily compensate farmers for their losses in March on condition the farmers agreed not to sue the company.
From the mid-1990s until last year, Vedan’s condiment factory in Dong Nai Province illegally discharged untreated wastewater into the Thi Vai River through concealed pipes. The pollution severely damaged the stocks of local fish and shrimp farmers.
In October, Vedan was ordered to suspend operation and pay a US$7.7 million fine.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to