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2020-03-19
InvesTaiwan today (19) approved the applications of Fusheng Precision Co., Ltd. and Sunspring Metal Corporation for the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and the applications of Keding Enterprises Co., Ltd. and a major wafer coating company in Hsinchu Science Park for the Action Plan for Accelerated Investment by Domestic Corporations. The four companies will invest over NT$15.3 billion in Taiwan. At present, the three major programs for investing in Taiwan have led to the investment of approximately NT$918.7 billion by 399 companies, and created 75,852 domestic employment opportunities. This includes approximately NT$723.2 billion invested by 176 Taiwanese businesses under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, which created 59,703 employment opportunities; approximately NT$117.1 billion invested by 54 companies under the Action Plan for Accelerated Investment by Domestic Corporations, which will create 8,837 domestic employment opportunities; the applications of 74 companies are currently pending review.
Fusheng Precision Co., Ltd., the world’s largest golf club head manufacturer, has expanded its business to aerospace, automotive, and precision industrial parts and components. The company has the only certified aerospace grade titanium alloy foundry in Taiwan. The company’s Taoyuan Plant is responsible for the advanced front-end process for making golf club heads, while the labor-intensive back-end processes are located in Guangdong, China and Vietnam. The company decided to refocus its investments in Taiwan due to the high tariffs imposed in the US-China trade war, as well as trends in the international investment environment. The company will invest over NT$500 million to expand its current Taoyuan Plant, comprehensively upgrade process automation and smart equipment, and will also enhance casting technologies for application in the aerospace industry with greater added value. This investment will create 34 domestic employment opportunities.
Sunspring Metal Corporation is the world’s largest zinc die cast faucet parts manufacturer. It immediately increases its production capacity in Taiwan after the US-China trade war began to lower its risk. The company approved for the “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” for the first time on April 12, 2019. Its two main offshore production bases are located in Guangdong, which was severely impacted by the COVID-19 pandemic, so capacity expansion in Taiwan is an urgent and necessary step for the company to respond to market demand and improve its business performance. The company will invest another NT$3 billion to expand its current plant in Taichung Science Park and add 19 smart assembly lines, in order to meet the demand in markets other than China and reach new heights in terms of sales revenue.
Keding Enterprises Co., Ltd. is the leading wooden construction material company with an integrated system from production to sales. The company focuses on wooden product production and application, and insists on all products being MIT. “Wood Veneer Laminate” and “Hand-scraped Wood Flooring” were both created by the company and marketed under its brand KD. The company has direct locations in Asian countries and markets its products in Europe, America, New Zealand, Australia, and the Middle East. Due to the escalating trade conflict between the US and China in recent years, as well as the changes in China’s investment environment and rise of competitors, the company will invest over NT$500 million in smart production equipment, process optimization, and enhancing R&D capabilities at its production base in Dapu, Chiayi, in order to develop global business opportunities. The company plans to recruit 85 outstanding talents in Taiwan to maintain its international leadership.
The major wafer coating company in Hsinchu Science Park specializes in color filter and the microlens OEM business. The company provides integrated wafer color filter and optical thin film technologies, which can be applied to CIS image sensors, optical fingerprint recognition, and 3D sensing devices. In response to the market and its main customers’ demand on high-end optical products, the company plans to invest about NT$10 billion to increase its production capacity and meet market demand. The investment will create a smart product environment to maintain the company’s leadership in the global sensing device service market.
Spokesperson of InvesTaiwan: Acting COO He Kun-Sung
Telephone: 02-2311-2031 Ext.: 808
Mobile Phone: 0966-533-987
Email: ksho@moea.gov.tw
Source: Department of Investment Services, MOEA
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