Sat, Aug 29, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer

ELECTRONICS

Sharp considers LCD options

Sharp Corp is considering various options for its ill-fated LCD business after the Yomiuri newspaper yesterday said the company might sell a majority stake in the unit to rival Japan Display Inc. Sharp could spin off the business into a joint venture in which it would hold less than 50 percent, the Japanese newspaper said. However, a Sharp spokesman denied it was in any talks with specific companies. Reuters reported earlier that Sharp was considering a deal with Japan Display’s top shareholder, the state-controlled Innovation Network Corporation of Japan, as well as Taiwan’s Hon Hai Precision Industry Co (鴻海精密).

UTILITIES

New power rates in October

Minister of Economic Affairs John Deng (鄧振中) yesterday said Taiwan Power Co (Taipower, 台電) would implement new electricity rates in October as scheduled, after a new pricing plan is to be finalized by an electricity price review committee next month. Deng made the remark after a visit to Taiwan Semiconductor Manufacturing Co (台積電) headquarters in Hsinchu. Taipower last month said electricity rates between October and March next year would continue to drop to reflect lower power generation costs and declining energy prices.

MANUFACTURING

TIER reports negative growth

The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday said the local manufacturing sector remained weak last month dragged down by slowing exports. In the institute’s monthly report, the manufacturing composite index rose 0.22 points from a month earlier to 9.33 last month, but remained below the threshold of 10.5 to indicate a contraction condition. It was the fourth consecutive month for the manufacturing sector to report negative growth, as Taiwan’s exports from January to last month fell 7.8 percent from a year earlier to US$165.98 billion, the institute said.

COMPUTERS

Advantech, Plenty ink deal

Industrial computer maker Advantech Co (研華科技) yesterday signed a memorandum of cooperation with Taiwan’s Plenty Island Taiwan Corp (和椿科技) and a subsidiary of Panasonic Corp from Japan over their cooperation in the field of Industry 4.0, which refers to connecting automated manufacturing with the online world and the “Internet of Things.” Advantech said in a statement that under the agreement the three companies will focus on the development of PC-based smart controllers and EtherCAT servers for Taiwan’s industrial automation market.

STEEL MAKERS

Anti-dumping duties reduced

The EU has significantly reduced provisional anti-dumping duties imposed on Taiwan’s exports of stainless steel cold-rolled (SSCR) flat products from a range between 24.3 to 25.2 percent to between 0 percent 6.8 percent, the Ministry of Economic Affairs said yesterday. Following the change, tariffs imposed on the nation’s SSCR exports to Europe will be lower than China’s range between 24.4 and 25.3 percent. The EU remain the nation’s largest export market for SSCR products, with sales amounting to US$611.07 million last year, or 32.13 percent of global SSCR exports, the ministry said. The EU had launched an investigation into alleged anti-dumping throughout 2013, and tallied SSCR imports from Taiwan during the period at 169,000 tonnes, outnumbering 143,000 tonnes from China.

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