The Ministry of Economic Affairs yesterday said it has approved four companies’ applications to invest more than NT$1.8 billion (US$59.6 million) as part of its program encouraging overseas Taiwanese businesses to invest back home.
AC/DC power charger and cable manufacturer Well Shin Technology Co (維熹科技) is to invest more than NT$700 million to expand the production capacity of its plant in Changhua County while introducing smart manufacturing equipment, the ministry said.
It is also to focus on developing smart power management solutions, as well as growing its Internet of Things home automation business, the ministry said, adding that the investment is to create more than 100 job opportunities.
Vacuum flask maker Sun-Upper Metal Industry Co (昶典工業) is to invest NT$300 million to expand its production facility in Yunlin County to meet customers’ demands, the ministry said.
It is also set up a smart vacuum production line, and a research and development center, creating an estimated 135 job opportunities, the ministry said.
Taiyi Photoelectric Technology Co (台亦科技), which supplies Costco Wholesale Corp, Lite-On Technology Corp (光寶科技) and Pegatron Corp (和碩), among others, is to invest more than NT$400 million to expand its plant in Changhua’s Sioushuei Township (秀水) by setting up automated production lines and upgrading its optoelectronic equipment.
The project would provide 108 new jobs, the ministry said.
Frequency control solutions provider Aker Technology Co (安碁科技), which counts Magna International Inc, Jabil Inc and Foxconn Technology Group (富士康科技集團) among its top clients, plans to invest NT$400 million to expand its production capacity in Taiwan.
The company also plans to set up its headquarters and a production plant at the Taichung Export Processing Zone (臺中加工出口區), which would create 25 job opportunities, the ministry said.
The ministry also gave the green light to Magnate Technology Co’s (晟田科技) application to join its program to facilitate domestic investments.
The aerospace components manufacturer is to invest NT$70 million to expand its spray paint and chemicals production lines to meet increasing orders, it said.
Magnate Technology’s major customers include Aerospace Industrial Development Corp (漢翔), General Electric Co, Sumitomo Precision Products Co and Safran SA.
To date, the ministry has approved 283 companies’ applications to join its three programs to stimulate investment, with the companies pledging NT$835.1 billion in total.
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