Lithuania’s oldest beer brewer is exploring the Taiwanese market in the wake of a naming row over a newly opened Taiwanese representative office in Vilnius that led to a ban on products from the Baltic state in China.
During an interview earlier this month, Volfas Engelman chief executive officer Marius Horbacauskas said that his company had entered the Taiwan market in the middle of 2020, and while sales were poor for the first year, with only 8,000 liters sold, there was a boom last year, with beer exports to Taiwan increasing 23-fold.
Horbacauskas said he is thrilled that Taiwanese like his company’s products.
“For us, it is a very big motivation,” he said.
The skyrocketing sales might have something to do with a campaign launched by Taipei to support Lithuanian products, which have been boycotted in China.
Ties between Vilnius and Beijing soured after Lithuania in November last year allowed Taiwan to open an overseas representative office that included the word “Taiwanese” in its name.
Beijing has sought to impose a political cost on Lithuania for allowing the office to use the name.
Recent measures have included recalling its ambassador to Lithuania, downgrading diplomatic relations, expelling the Lithuanian ambassador to China, as well as suspending direct freight rail services and banning Lithuanian products from entering the Chinese market.
To show solidarity with Lithuania and to offset Chinese economic pressure on the Baltic state, the Ministry of Foreign Affairs invited Taiwanese in the lead-up to Christmas to support Lithuanian businesses and buy Volfas Engelman’s beers.
Representative to Lithuania Eric Huang (黃鈞耀) visited the brewery late last month to discuss further expansion of the company’s exports to Taiwan.
Horbacauskas said that the company’s products entered the Chinese market seven years ago.
Last year, it sold 1.2 million liters of beer in China and the business was growing until it all stopped in October, he said.
“All of the orders till the end of the year were canceled,” he said. “Our partner [in China] said that they cannot buy, because the Lithuanian products are [being] kicked out from the retail shelves, [because] products of Lithuanian origin are not welcome anymore.”
He said that he is not a political person and was not sure what the future held for the company in China.
However, “if we see that some people love us more, love should be mutual, so if we have similar values, why don’t we focus on that side,” he said, referring to Taiwan.
Horbacauskas said that he is proud of his company’s beers and would love to share them with Taiwanese.
“It’s our passion which we put into the products,” he said, adding that drinking beer is a “universal language.”
A proposed 100 percent tariff on chip imports announced by US President Donald Trump could shift more of Taiwan’s semiconductor production overseas, a Taiwan Institute of Economic Research (TIER) researcher said yesterday. Trump’s tariff policy will accelerate the global semiconductor industry’s pace to establish roots in the US, leading to higher supply chain costs and ultimately raising prices of consumer electronics and creating uncertainty for future market demand, Arisa Liu (劉佩真) at the institute’s Taiwan Industry Economics Database said in a telephone interview. Trump’s move signals his intention to "restore the glory of the US semiconductor industry," Liu noted, saying that
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the