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2022-04-22
InvesTaiwan today (22nd) convened a joint review meeting for the Action Plan for Accelerated Investment by SMEs, and approved the additional investment of over NT$900 million by Maywufa Co., Ltd. At present, the total investment of approximately NT$339.1 billion by 789 SMEs was approved under the Action Plan for Accelerated Investment by SMEs, and will create 29,725 domestic employment opportunities. At present, the three major programs for investing in Taiwan have driven 1,188 companies to invest approximately NT$1.6781 trillion, which is expected to create 133,500 domestic employment opportunities, and the applications of 13 companies are still pending review.
Maywufa Co, Ltd. has grown steadily in Taiwan for 46 years since it was established, and founded the leading shampoo, body wash, and hair dye brands Meiwufa®, Zhiyou®, Colorful®, and Saholea®. The company continues to expand its product line through research and development, and has thus become highly popular among consumers. The company plans to invest over NT$900 million to build a GMP smart cosmetics factory on its land in Taoyuan Youth Industrial Park, in order to meet requirements of the Ministry of Health and Welfare and in response to consumer demand on special functions and different fragrances of hair products. Furthermore, the factory has soil water retention, envelope energy conservation, air conditioning energy conservation, and lighting energy conservation designs to achieve daily energy conservation indicators. The company will also use eco-friendly materials for product bottling, and incorporate ESG into its investment decision-making.
Spokesperson of InvesTaiwan: Acting COO Chen Ming-Chu
Telephone: 02-2311-2031 Ext. 802
Mobile Phone: 0938-637-901
Email: nicole@invest.org.tw
Source: Department of Investment Services, MOEA
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