A 1,000-member delegation from Anhui Province, China, landed in Taiwan yesterday and is expected to purchase about 500 million yuan (US$76.6 million) in auto components from Taiwanese companies.
The delegation is expected to sign 41 deals with local firms in the technology, agriculture, traditional medicine, travel and cultural exchange sectors during its eight-day stay, according to the organizer, the Chinese National Federation of Industries (全國工業總會).
Heavyweight companies participating in the trip include Chery Automobile Ltd (奇瑞汽車), an automaker that has an annual production capacity of 900,000 vehicles, Hefei Department Store Group Co (合肥百貨大樓集團), which operates electronics chains, supermarkets and department stores, and Anhui’s largest industrial conglomerate, Magang (Group) Holding Co (馬鋼集團), which produces iron and steel.
According to the federation, home appliances and automotive production are two key sectors in Anhui.
Twenty-two Chinese firms came to Taiwan last week to attend the Taipei International Auto Parts & Accessories Show and Taipei International Automobile Electronics Show to scout for potential business partners.
China Steel Corp (中鋼), Taiwan’s largest steelmaker, had reportedly inked a deal with Chery at the dual auto fairs to supply the automaker steel boards for a year.
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