Tue, Sep 20, 2011 - Page 12 News List

Private investment rises 14 percent

ON TRACK:The Ministry of Economic Affairs has achieved almost 76% of its goal of securing NT$1.1 trillion in private sector investment, with most coming from the tech sector

By Jason Tan  /  Staff Reporter

New private sector investments totaled NT$834.8 billion (US$28.1 billion) as of last month, a year-on-year growth of 14.46 percent, the Ministry of Economic Affairs said yesterday.

There were a total of 1,237 investment projects from local enterprises between January and last month, such as AU Optronics Corp (AUO, 友達光電), Hotai Motor Co (和泰汽車) and Chi Mei Corp (奇美實業), the ministry said in a statement.

The figure of NT$834.8 billion meant the ministry has achieved 75.89 percent of its goal for this year to secure NT$1.1 trillion of investments from the private sector, the statement said.

Investments from the tech industry took up the bulk at NT$389.1 billion, the ministry’s data showed.

AUO, the nation’s second--largest LCD panel maker, last month invested NT$70 billion in a new panel facility in the Central Taiwan Science Park. The facility is expected to start mass production in July.

Hotai, a local dealer for Toyota and Lexus cars, is spending NT$5 billion through December to upgrade its production facilities and car maintenance outlets nationwide. Chi Mei, a petrochemical supplier, is investing in Tainan through next June to produce acrylic acid copolymer resin — a raw plastic material.

Foreign investment totalled US$7.25 billion for the first eight months of the year, or 80.53 percent of the ministry’s goal of US$9 billion for the year, the ministry said.

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