Fri, Oct 14, 2011 - Page 12 News List

Uni-President spends NT$3bn on land

By Kevin Chen  /  Staff Reporter

Uni-President Enterprises Corp (統一企業), the nation’s largest food producer, yesterday said it had bought several plots of land for the construction of new production facilities in Hsinchu County.

The company said in a stock exchange filing that it had spent NT$2.99 billion (US$98.6 million) to purchase 13 plots of land in Hukou Township (湖口).

The sum compares with appraisals made by Taiwan Dawa Real Estate Appraiser & Associates (台灣大華不動產估價師聯合事務所) of NT$3.04 billion and China Real Estate Appraiser Firm (中華不動產估價師聯合事務所) of NT$3 billion, Uni-President said in the filing.

With a total area of 52,674.07 ping (174,129.16m2), the sum translates into about NT$56,764 per ping, the company said.

Under the company’s plan, the land will be developed into three main areas: food production, logistics and tourism and recreation.

Total investment in the Hukou production facilities was expected to top NT$10 billion, Uni-President said, adding that the project would be completed in three years if it could start construction before the end of the year.

Meanwhile, Uni-President China Holdings Ltd (統一企業中國控股) plans to spend 12 billion yuan (US$1.89 billion) to build production facilities in China over the next three years, Dow Jones Newswires reported yesterday, citing Uni-President China spokesman Yang Shou-cheng (楊壽正).

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