Taiwan Sugar Corp (Taisugar,
The state-owned company forecasts output unchanged this year at 70,000 tonnes, falling to 60,000 tonnes by 2007, said company Vice President Huang Jorn-hun (
"We'll shut one mill this year," Huang said. The company operates three mills and a refinery capable of processing 300,000 tonnes of sugar a year, he said. Taisugar lost NT$380 million (US$12 million) last year from its namesake business.
The company plans to import more than 300,000 tonnes of sugar this year to help meet demand in Taiwan, which totals about 600,000 tonnes a year, Huang said.
The former sugar monopoly will retain two sugar mills to help protect sugar farmers and the company's workers, Huang said.
About 8,000 families are sugar-cane farmers, he said.
Taisugar was the nation's only sugar importer until 2002, when the Taiwan joined the WTO and started to allow private companies to import the commodity.
Taisugar then expanded into a variety of businesses, including orchid planting, retailing and food processing.
The company posted a pretax profit of NT$5.77 billion last year, compared with NT$5 million in 2003, Huang said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS