DaChan Great Wall Group (大成集團), a local agricultural products and food conglomerate, yesterday signed a deal with Japan’s Showa Sangyo Co to set up an egg production plant that is expected to cost NT$2 billion (US$66.2 million).
The joint venture in Changhua County’s Erlin Township (二林) is to produce raw food-grade eggs when it starts operations in early 2021, the two companies said in a joint statement.
The plant, which is to occupy a 11,074m2 plot of land, is to produce 2 million eggs per day, making it the nation’s largest egg facility.
That would significantly boost the company’s existing capacity of 1.6 million eggs per day, DaChan Great Wall chairman Charles Han (韓家宇) said at a signing ceremony in Taipei.
It would raise the company’s market share from 7 percent to 10 percent, he said.
DaChan Great Wall supplies eggs to Din Tai Fung (鼎泰豐) restaurants, Wu Pao-chun (吳寶春) bakeries and other restaurant chains.
Raw food-grade eggs are common in Japanese dishes and could become popular in Taiwan after the introduction of a hygiene system to ensure food safety based on the Japanese model, Han said.
The two firms first began their partnership in 2003 by setting up a flour plant in China.
The latest cooperation would also extend to the flour business, providing customers with a greater diversity of options for use in their bakeries, Han said.
Showa Sangyo said the joint venture is an important part of the Japanese firm’s expansion plans for the next five years that would cover technology, research and development, marketing and other aspects of its business.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS