Mon, Oct 06, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with CNA

Largan posts 74% growth

Largan Precision Co (大立光), which supplies smartphone camera lenses to Apple Inc, yesterday posted 74 percent annual growth for last month’s revenue to NT$4.62 billion (US$151.8 million) and the company said it expects the growth momentum to carry into this month.

Largan said customer demand was rising after their new products hit the stores.

Last quarter, Largan’s revenue expanded 69 percent to NT$12.09 billion, compared with NT$7.16 billion in the same period last year.

On a quarterly basis, revenue rose 2.11 percentage points from NT$9.98 billion in the second quarter.

Fubon founder dies at 86

Fubon Group (富邦集團) founder Tsai Wan-tsai (蔡萬才) yesterday died at the age of 86, the financial conglomerate said in a brief statement.

Fubon Financial did not elaborate on the cause of death, except to say that Tsai died in a peaceful manner.

Tsai is the father of Fubon Financial Holding Co (富邦金) chairman Daniel Tsai (蔡明忠) and Taiwan Mobile Co (台灣大哥大) chairman Richard Tsai (蔡明興).

The family was ranked the richest in the nation in Forbes magazine’s list of the 40 richest Taiwanese in 2012.

Tsai Wan-tsai, born in Miaoli County in 1929, was the younger brother of Cathay Group patriarchs Tsai Wan-lin (蔡萬霖) and Tsai Wan-tsun (蔡萬春).

Tsai Wan-tsai served as a lawmaker and advisor to the Cabinet and the Presidential Office, among many other positions, before founding Fubon Group.

Hon Hai to offer jobs

Hon Hai Group (鴻海集團) said on Saturday that it is planning to create 10,000 new engineer positions over the next five years, as it is expanding its plant in New Taipei City.

Over the next two years, the company is to recruit 5,000 engineers from around the world, Hon Hai chairman Terry Gou (郭台銘) said.

In the next five years, the number of new positions for engineers at Hon Hai is expected to reach 10,000, he added.

The job openings are part of Hon Hai’s plans to expand its research and development center in Tucheng District’s (土城) Dingpu High-tech Industrial Park (頂埔高科技園區), Gou said, adding that he hopes to see more convenient transportation and the continued development of industry and technology in the district.

Hon Hai, the parent company of Foxconn in China, is the world’s largest computer components manufacturer and assembles products for Apple — including the iPhone — as well as Sony and Nokia.

It has 1.4 million employees in 14 countries.

In China alone, it employs about 1 million workers, roughly half of them based at its main facility in the southern city of Shenzhen.

Event to promote investment

The Ministry of Economic Affairs expressed optimism on Saturday that the nation would be able to attract more investment from overseas this year than last through an upcoming annual investment promotion event.

The ministry has held the annual Taiwan Business Alliance Conference since 2003.

The next event is scheduled for Wednesday at the Taipei International Convention Center.

Last year, the conference drew investments worth a record NT$138.8 billion.

According to ministry officials, at least five companies are planning to invest more than NT$5 billion in the nation this year, while a Western company intends to invest NT$10 billion in a travel and recreation project.

New plane for China Airlines

China Airlines Ltd (CAL, 中華航空) on Friday took delivery of a Boeing 777-300ER as part of its efforts to upgrade its fleet and expand its transportation capacity.

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