Stainless steel pipe manufacturer Froch Enterprise Co (彰源企業) is to invest more than NT$600 million (US$19.66 million) to set up a new plant in Yunlin County’s Douliou City (斗六), the Ministry of Economic Affairs said yesterday, as it added the firm’s application to the list of companies returning to invest in Taiwan.
A total of 154 companies have pledged up to NT$697.7 billion in investments since the ministry started a program in January to encourage Taiwanese firms to return and invest at home.
The ministry also announced that it has given the green light to four companies’ applications to invest more than NT$4.6 billion to take part in another government program aimed at encouraging local firms to deepen their roots in Taiwan while upgrading their businesses.
Taichung-based Gain How Printing Co (健豪印刷) plans to invest NT$1.3 billion by introducing smart production lines at a new plant in the Taichung Industrial Park (台中工業區) as it looks to sharpen its competitive edge, the ministry said.
As the trade conflict between the US and China weighs down on the steel industry, carbon steel pipe manufacturer Tension Steel Industries Co (天聲工業) plans to invest NT$1.2 billion by setting up a smart production facility to optimize and elevate its production process, the ministry said.
Wooden furniture hardware manufacturer Zyh Yin Enterprise Co (至盈實業), which supplies Swedish furniture retailer IKEA, is to invest more than NT$900 million by establishing a smart production plant in Kaohsiung’s Yanchao District (燕巢).
The company is also to transform its existing warehouse into a smart facility, the ministry said, adding that Zyh Yin would continue to work with the Industrial Development Bureau to apply artificial intelligence technology at its plant.
Automatic optical inspection specialist Machvision Inc Co (牧德科技), whose clientele covers about 90 percent of Taiwan’s printed circuit board makers, is to invest NT$1.2 billion to expand its production capacity at the Hsinchu Science Park (新竹科學園區) to support clients relocating to Taiwan, the ministry said.
The program, launched in July, has welcomed 24 companies’ applications, representing more than NT$54.1 billion in investments thus far, the ministry said.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
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