2024-11-22
InvesTaiwan today (22nd) approved additional investments in Taiwan by 5 companies, including Conquer Glass Co., Ltd. under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, Taiwan Fertilizer Co., Ltd. under the Action Plan for Accelerated Investment by Domestic Corporations, and Gechi Compound Semiconductor Co., Ltd., Yun Cheng Lighting Co., Ltd., and Raken International Co., Ltd. under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan has attracted over NT$2.3831 trillion in investments from 1,573 companies, and will create 155,441 domestic employment opportunities. A total of 319 Taiwanese businesses invested approximately NT$1.3009 trillion under the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, and created 88,431 employment opportunities. A total of 196 domestic corporations invested approximately NT$573.8 billion under the Action Plan for Accelerated Investment by Domestic Corporations, and created 28,519 employment opportunities. The Action Plan for Accelerated Investment by SMEs attracted 1,058 SMEs to invest a total of approximately NT$508.4 billion, and created 38,491 employment opportunities. The applications of 52 companies are currently pending review.
GeChi Compound Semiconductor Co., Ltd. specializes in silicon carbide crystal growth and processing. Its main products include 6-inch and 8-inch N-type crystals, which are used in electric vehicles and energy infrastructure. With its excellent R&D capabilities and product quality, the company is bound to drive important improvements in Taiwan's compound semiconductor industry. Facing the challenge of insufficient supply of silicon carbide crystals in the global market, Gechi Compound Semiconductor will invest more than NT$5.7 billion to build a new fab and expand production lines in Jhongli Industrial Park, introduce automation technology and use big data to manage and track production data. It will also use smart energy management systems to optimize power supply and meet emergency power needs. The company also uses solar power generation systems, water-saving and energy-saving equipment, and wastewater recycling systems to comprehensively improve production efficiency and environmental protection benefits. After the new fab is completed, it will create 363 domestic employment opportunities and is expected to continue to create more value and drive the upgrading of local industries.
Founded in 1993, Conquer Glass Co., Ltd. was the sixth domestic factory with a tempering furnace at that time. It focuses on deep processing of glass and export of glass used in lamps, which are widely used in furniture and buildings. Conquer Glass invested nearly NT$400 million to build a new plant in Bali District, New Taipei City to meet the demand from future business development and solve the bottleneck of industrial upgrade. The plant will use an IoT system and purchased an automatic four-side rough grinding machine, new tempering furnaces, and automatic warehousing equipment, making its existing production lines smarter to improve production capacity and precision. To contribute to environmental protection, the company will compile its carbon inventory, install solar panels on the roof of the plant to generate energy and store energy, install smart meters to improve energy efficiency, and support recycling to achieve sustainable development and business performance goals.
Taiwan Fertilizer Co., Ltd. was founded in 1947 and successfully transformed into a private company in the 1999. Its main business includes fertilizers and chemicals. It is the largest fertilizer producer in Taiwan. The company supplies approximately 700,000 metric tons of fertilizer to the domestic market every year, accounting for 70% of the total domestic demand. The company is actively developing the clean energy business to extend its core competitiveness. In response to global demand on developing low carbon energy, it invested NT$3 billion to build two liquid ammonia storage tanks in Taichung Port Technology Industrial Park, and installed an energy management system (EMS) to improve operations management and energy efficiency. In addition, the company adopts energy-saving and carbon-reducing equipment, such as electric heaters at the bottom of storage tanks, recycling systems that use cold energy, high-efficiency ammonia compressors, and smart meters to respond to the international trend of carbon reduction and net-zero emission policies.
Yun Cheng Lighting Co., Ltd. is a subsidiary of Jan Cheng Lighting Co., Ltd. The group created its own brand "Dancelight" in 2008, focusing on the innovation and application of LED lighting technology. Its products are used in homes, businesses, factories, schools, outdoors, and smart lighting. It is committed to providing high quality, energy efficient, and eco-friendly products that comply with CNS, and it has obtained a number of energy conservation and environmental protection labels. The company currently has more than 2,500 distributors in Taiwan and its products are widely sold in all major channels in Taiwan. Yun Cheng Lighting plans to invest nearly NT$800 million to build a new plant and expand the warehouse in the New Taipei International AI Plus Intelligent Park, in order to further support green and sustainable development. It will introduce an automated warehousing system, solar panels, and recycling systems, and plans to obtain the green building label, dedicating its efforts applying green energy technology in lighting. The company not only integrates the concept of sustainable development into its corporate culture and daily operations, but also actively responds to Taiwan’s goal to transition to net-zero emissions.
Raken International Co., Ltd. is a leading brand in Taiwan's pot industry, focusing on innovative research and development of multi-purpose energy-saving pots. Its own brand "UCOM" emphasizes healthy cooking, shorter cooking time, and locking in the original flavor of ingredients, making it very popular in the market. To respond to market demand and improve operational efficiency, Raken International invested nearly NT$600 million to establish a "smart flagship store" in Guandu, and built an "intelligent automatic warehousing and logistics center" in Sanzhi. The warehousing and logistics center will not only install an Automatic Storage Retrieval System (AS/RS) and warehouse management system (WMS), which will significantly increase storage capacity, but also install smart temperature and humidity control systems to ensure product quality. In the smart flagship store, an AI shopping guide system and robots will be introduced to provide customers with a two-way interactive shopping experience. It will also install solar panels and energy storage equipment on the roof, install an energy management system, and use smart meters to effectively control electricity consumption, comprehensively promoting a green economy.
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 Promotion, MOEA
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