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2017-08-10
The Ministry of Economic Affairs (MOEA) gave a special presentation on progress made in attracting investment this afternoon (Aug. 10). The presentation gave an overview of new private investments this year (2017) and measures taken to better attract investment.
1. Overview of investments over NT$500 million:
MOEA data shows that there were a total of 700 investments of over NT$500 million in value from January 2016 to June 2017, totaling NT$2,489,184,000,000. In an industry-by-industry breakdown, the biggest source of investment in terms of value was the electronics and information industry, which accounted for 54.66% of the total amount invested; the biggest source in terms of number of projects was the metal and electromechanical industry, which accounted for 33.43% of the projects.
Of the 700 projects, 376 are now completed for a completion rate of 53.71%. The completed projects totaled NT$975.11 billion in value. Of the 324 incomplete projects, 88 are scheduled to be completed within the next 6 months, totaling NT$378.894 billion in value. The number of completed projects is expected to reach 464 by the end of 2017 (for a completion rate of 66.28%), and the value of the completed projects is expected to reach NT$1,354,004,000,000 (for a realization rate of 54.39%). In terms of investment services used, the service most used was assistance in searching for land and plant facilities (accounting for 33.1% of services) followed by legal compliance help (12.7%).
2. Important investment projects
Major investments served by the MOEA's InvesTaiwan Service Center include: Leading memory chip maker Micron of the US moving all of its Asian memory chip packaging and testing operations to Central Taiwan Science Park's Houli Park; Dekra of Germany, the world's 4th-largest testing and inspection company, establishing a connected car certification laboratory in Hsinchu; JCAM Agri, Japan's largest agricultural fertilizer manufacturer, and Fujibo Holdings of Japan both establishing their first plants outside of Japan in Taiwan, the latter building a semiconductor polishing pad plant; Yes Logistics building Taiwan's second-largest international logistics center in the Taipei Free Trade Port; United Biopharma, Taiwan's biggest protein-based pharmaceutical manufacturer, building a new plant in Hsinchu; and Sunspring of Taiwan, a major metal parts manufacturer for bathroom fixtures, building a smart manufacturing plant in Central Taiwan Science Park.
Several major investment projects of over NT$500 million served by the InvesTaiwan Service Center are scheduled to begin construction, complete construction, or open by the end of 2017. Examples include Mitsui Real Estate, the biggest real estate development group in Japan, starting construction on an outlet mall in the Port of Taichung; CH Biotech, a major agriculture biotech developer, completing its corporate headquarters and R&D laboratory in Central Taiwan Science Park; Fukuta Motor, Taiwan's largest manufacturer of electric vehicle motors, completing the firsst phase of its new plant in Hsinchu Science Park; Han Tai, a components processing company for semiconductor precision equipment, completing a move of its plant facilities; and Yulin, an automobile components manufacturer, starting construction on a plant in Tainan's Yongkang District.
3. Measures to better attract investment
The MOEA has identified three major measures to more effectively attract investment: taking stock of gaps in existing industries to better identify possible sources of investment, actively prospecting investment sources, and coordinating with local governments to speed up the realization of investment projects. This year, the Vice Minister of Economic Affairs has led delegations to various foreign company headquarters, advocating for the companies to invest in Taiwan and bring in new technologies. So far this year (2017), delegations have visited Japan from July 31 to August 4 and the US and Canada from August 3 to 13. A further trip is scheduled for October 14 to 21, and will visit Switzerland, France, and the UK.
The MOEA will also hold the Taiwan Business Alliance Conference on October 6 at the Taipei International Conference Center, with the theme of "Investing in Taiwan, Creating New Growth”. The forum will focus on the government's progress in implementing the "5+N" industry innovation policy. Delegates from leading international companies will share their experiences and discuss the investment opportunities stemming from the MOEA's priority industries, giving corporate decision makers and industry professionals from Taiwan and abroad the chance to keep up with new developments in Taiwan's industries and connect with potential partners. A total of 500 people are expected to attend.
Department of Investment Services Spokesperson: Chen Pei-li, Deputy Director-General
Office Number:02-2389-2111 Ext.:812
Mobile Phone:0925775150
Email: plchen@moea.gov.tw
Contact Person: Lin Mei-Hsing, Section Chief
Contact Number:02-23892111 Ext.210
Email: mhlin2@moea.gov.tw
Source: Department of Investment Services, MOEA
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