Neo Solar revenue rises
Neo Solar Power Corp (新日光), the nation’s biggest solar cell maker, yesterday posted the best monthly revenue in two-and-a-half years for last month, thanks to stable price and increase in shipment. Revenue grew 4.8 percent last month to NT$2.11 billion (US$70.9 million) from NT$2.01 billion in July, according to the company’s statement. On an annual basis, the company’s revenue almost doubled from NT$1.06 billion because it acquired local peer DelSolar Co (旺能光電) in May. Separately, local solar cell maker Motech Industries Inc (茂迪) said it did not cut jobs as reported by the Chinese-language Apple Daily. Motech said it is relocating its staff to a plant in Greater Tainan after an operation adjustment at a New Taipei City (新北市) factory. About 80 employees were affected by the adjustment, according to the report.
Presentation draws firms
A Taiwanese delegation attracted more than 80 Japanese enterprises to a presentation in Tokyo on Tuesday on Taiwan’s “free economic pilot zones” program. The delegation, led by Council for Economic Planning and Development Minister Kuan Chung-ming (管中閔), flew to Tokyo on Sunday to present the economic initiative to Japanese enterprises in the hope of attracting investment and getting them to develop partnerships with local businesses. The delegation will travel to Osaka today.