ANZ has delivered a new three-year TW$2 billion sustainability linked loan (SLL) for a Taiwan-based performance materials company, CHIMEI Corporation (CHIMEI), supporting the ongoing investment into more sustainable manufacturing processes.
CHIMEI recently launched its ‘Ecologue™’ product range which is focused on creating new products using recyclable materials and innovative production processes. In 2021, CHIMEI became Taiwan’s first petrochemical operator to join the Science Based Targets initiative (SBTi). To curb temperature rises within 1.5°C, the company have set near-term goal before 2030, and long-term goal of Net Zero emissions by 2050.
Denis Chen, Vice President of CHIMEI, said “Sustainability is key to our business and it is company-wide effort. The loan helps us to further align our product innovation with the company’s sustainable target. We are happy that ANZ is supportive of CHIMEI’s funding requirements for sustainability initiatives.”
ANZ Taiwan CEO Hong Swee Lau said: “We’re pleased to have had the opportunity to support the critical phase for CHIMEI to achieve their sustainability goals and the transaction highlighted ANZ’s ability to successfully support customers’ ESG transformation. We’re confident to support more customers as we see a growing trend in the Taiwan financial market.”
As a leading bank for sustainable finance, ANZ is committed to funding and facilitating at least AUD100 billion towards sustainable solutions for our customers by 2030, including initiatives that help lower carbon emissions and improve environmental sustainability. You can read more about ANZ’s environmental sustainability here.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS