Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan.
The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County.
It also outlined its efforts to make the brewery “net zero” by 2030.
Photo: Chen Yen-ting, Taipei Times
Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said.
With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said.
Heineken assumed majority ownership and management rights of the Long Chuan Zuan Co (龍泉鑽興業) brewery in Pingtung County’s Neipu Township (內埔) in 2022.
The brewery began production in the first quarter of this year.
Wu said that Heineken hopes to supply “Made in Taiwan” products to neighboring countries from its Pingtung brewery, allowing Taiwan-made products to gain global recognition.
Taiwan is Heineken’s second-largest export market in the world, with production at the Pingtung brewery looking to supply the East Asian market, Vice President William Lai (賴清德) said during his speech at the ceremony.
The investment means a lot to Taiwan and its farmers, Lai added.
He said that Heineken’s Pingtung brewery seeking to go net zero is truly remarkable and should serve as a benchmark for others in Taiwan’s brewing industry.
The president-elect also mentioned Pingtung’s fertile soil and skilled farmers, saying that he hopes locally sourced brewing barley would elevate the Pingtung brewery and make it one of the Dutch company’s top-quality breweries among its 160 around the world.
Pingtung County Commissioner Chou Chun-mi (周春米) was also in attendance.
Chou said she was very happy that Pingtung is the first city in Taiwan to be chosen for production by an international brewing company and is proud to see “Made in Taiwan” on Heineken canned beer.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence