MOEA approves NT$8.5bn investment applications

By Helen Ku  /  Staff reporter

Sat, Jan 05, 2013 - Page 13

The Ministry of Economic Affairs (MOEA) said yesterday that it had approved applications by three China-based Taiwanese companies to invest NT$8.5 billion (US$291.8 million) in Taiwan, which could create 730 jobs.

Industrial Development Bureau Deputy Director-General Lien Ching-chang (連錦漳) said by telephone the three firms have all been investing overseas for more than two years and hold leading positions in the global market.

However, the bureau declined to disclose the companies’ names, nor did it specify which industry they were involved in.

Encouraged by government investment incentives, a total of eight China-based Taiwanese businesses have received investment approval from the ministry since last month.

The ministry gave the green light to five companies last month, including metal casing supplier Catcher Technology Co (可成), handset lens maker Largan Precision Co (大立光), forklift truck manufacturer Tailife Co (台勵福) and luggage maker Eminent Luggage Corp (萬國通路), citing their leading positions in the global supply chain and that their products are high value-added.

Chip packager and tester Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) is another company that has reportedly won regulatory approval to invest more than NT$50 billion over the next three years to build a high-end plant in Greater Kaohsiung’s Nanzih District (楠梓), according to people familiar with the matter.

The bureau estimated total investment by the eight companies could amount to NT$110 billion with more than 15,000 jobs likely to be created.