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2019-11-22
InvesTaiwan today (22nd) convened the 18th joint review meeting for the “Action Plan for Accelerating Investment by SMEs,” and approved the investments totaling over NTD2.5 billion by 8 SMEs from around Taiwan, including Lying Environmental Technology Co., Ltd., Shin Yung Shing Industry Co., Ltd., Chaung Chien Co., Ltd., Domma Metal Industrial Co., Ltd., Ting Sin Co., Ltd., Meng Sin Material Co., Ltd., Exfiro Co., Ltd., and Golden Spirit Co., Ltd. At present, investments totaling over NTD32.9 billion from 68 SMEs have been approved and will create 2,776 domestic employment opportunities.
Lying Environmental Technology Co., Ltd. is the “alchemist” for Taiwan’s environmental protection. In coordination with the government policy to reduce and recycle industrial waste, it uses innovative technology to turn calcium fluoride wastes from the production of wafer semi-conductor, LCDs panel and solar cells into artificial fluorite pellets for the steel industry, replacing natural fluorite. Its customers include Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), United Microelectronics Corporation, Micron Technology Inc., Vanguard International Semiconductor Corporation, and Nanya Technology Corporation. It is the only company in the industry to receive calcium fluoride waste reuse permits for three major industries from the Industrial Development Bureau, and has unlimited potential. Its upstream customer TSMC will be increasing capacity in 2020, Winbond Electronics Corporation and Powerchip Semiconductor Corporation had begun construction of new factories, and the demand for calcium fluoride waste treatment can be expected to significantly increase in the future. The artificial fluorite products are significantly more competitive than natural fluorite in terms of price and quality, and had been certified and accepted by downstream steel companies such as China Steel Corporation and Yieh United Steel Corporation. Many foreign steel companies are also interested in buying its products, so the company urgently needs to increase its capacity to meet the demands. It thus decided to invest NTD40 million to add a fully automated production line in its Pingzhen Plant in Taoyuan, and is actively working to increase the added value of products. This allowed it to receive purchase orders for special steel processes and market its products overseas, extending the length of life cycle of resources to achieve a circular economy.
Shin Yung Shing Industry Co., Ltd. is located at Taichung, the base of the hand tool industry, started out as a nail gun parts OEM and once transited to bicycle parts processing. After leaving the bicycle industry, it returned to where it started - professional nail gun parts production, and Besco Pneumatic Corporation, a subsidiary of Stanley Black & Decker Inc. is its main customer. Taiwan ranks first in the world in terms of middle and high end hand tools. One out of every three nail guns around the world ,which comes from Taiwan, especially in European and American markets. The US-China trade war caused Stanley Black&Decker to move the entire group’s nail gun capacity to Besco Pneumatic Corporation in Taiwan, and also accelerate the transition of parts made in China to use production processes in Taiwan. Besco Pneumatic Corporation is expected to become the world’s largest nail gun manufacturer in 2020. In response to domestic purchase orders for parts from Stanley Black&Decker, Shin Yung Shing Industry Co., Ltd. decided to invest NT$350 million to build a new factory in Dali, Taichung, increasing its capacity to process strikers and lost wax casting parts and added a new style of processing equipment and an automatic warehousing system to increase quality and efficiency.
Chaung Chien Co., Ltd. is also part of the hand tool industry’s supply chain in Taichung, and has dedicated its efforts in Taiwan for over 40 years. It started out as a small screw supplier, and transited to producing key parts for wrenches after influenced by the industrial cluster in central Taichung and through numerous challenges and transitions. It uses the core technology of serrated type cold forging to make 440H alloy steel that is highly popular among customers, and has thus become one of the top ten parts suppliers in Taiwan for APEX, the global leader in hand tools and electric tools, and Stanley Chiro International Ltd., a subsidiary of Stanley Black&Decker. To shorten the delivery time and become geared towards the market trend of small quantity and large variety, Chaung Chien will invest NT$340 million to develop a smart forging factory, add a mold department to raise foring capabilities, and expand into the international market by all forces.
Domma Metal Industrial Co., Ltd. has accumulated 20 years experience of making high quality metal bathroom accessories. Its products are refined and have high quality, thus it became the main supplier for MOEN, the leader in bathroom accessories manufacture, TOTO, which has the highest market share in Japan, and Reece, Australia’s largest bathroom products supplier. Over 80% of the company’s products are exported and the company holds a key position in the global supply chain of bathroom accessories. After the US-China trade war began, American customers transferred a significant amount of purchase orders from Chinese manufacturers to Taiwan. To increase its production capacity, the company decided to invest over NT$500 million to expand its current factory in Waipu, Taichung and add smart machinery and automated warehousing equipment. With consideration to the population aging and the needs of people with impaired mobility for bathroom accessories, the investment will focus on safety accessories for bathrooms, providing safer bathroom equipment for consumers of all ages. The investment will create 80 domestic employment opportunities.
Ting Sin Co., Ltd. makes materials for aluminum alloy products, and is known for its high precision technologies in the industry, capable of providing a full array of high added value products from 3.5” to 12”. It is currently the only manufacturer in Asia capable of supplying aluminum alloy fastener materials to the ship, aerospace, and electric vehicle industries, and the demand is expected to grow significantly under the trend of lighter products. The company expanded into the biomedicine market in recent years, and jointly developed medical-use magnesium alloy that can be absorbed by the body together with NCKU and NCKU Hospital, for which it received the only magnesium medical material invention patent in Asia.It also formed an alliance with the ITRI's Laser and Additive Manufacturing Technology Center in 2018, and used 3D printing technology to make magnesium alloy cervical plates. For this it was approved to enter Luzhu Science Park. The company begin a clinical trial for the medical-use magnesium alloy in NCKU hospital in 2019. The company’s production lines are currently operating at full capacity due to the purchase orders transferred because of the trade war, and it is expected to move back two production lines in the second half of this year. To prepare for future demand and the plan of the company , which decided to invest over NT$600 million into smart machinery to produce high-end aluminum alloy and medical-use magnesium alloy products. It also established a material R&D and certification center to enhance the development of next generation high-end aluminum alloy rod and new magnesium alloy systems, allowing Ting Sin to shine on the global stage. This investment is expected to create 46 domestic employment opportunities.
Meng Sin Material Co., Ltd. has been staying in Pingnan Industrial Park in Fangliao, Pingtung for 25 years, making customized metal products for different fields , which we can see and touch in daily life. It is the first steel surface special coating treatment plant in Taiwan, and is also the first company in Asian countries other than Japan to produce coated mirror face steel for high-end home appliances. It produces innovative steel products with both functionality and an aesthetic appearance with three self-owned brands, overturning the stereotype of mechanist, and gaining recognition from numerous patents and awards. To extend its core competitiveness from “highly customized,” “high polymer coating formula,” and “advanced green production technology,” the company decided to invest NT$180 million to add a smart production line in its current factory in Fangliao, Pingtung, to establish a new high polymer R&D center, and obtain new material patents in hopes of becoming the world’s most professional customized steel plant.
Roller pins made by Exfiro Co., Ltd. are widely applied in high stiffness, high precision linear motion components, industrial / medical robots, and high-end testing instruments. The product is more durable, has greater load capacity, and produces lower noise than roller balls, making it a crucial component in the industrial chain. Exfiro has industry-leading crowing roller pin technology, and its product precision already reaches JIS G1, which is the highest level, keep up with the quality of major Japanese and European manufacturers, but more competitive with its products are at middle price range. Of its roller pin products, 90% is supplied to the parent company Precision Motion Industries Inc., which plans to expand its investment plan in Taiwan and production capacity is projected to increase 2.5 fold. And for its parent company being able to make a normal supply and also taking into consideration the continued high levels of growth of downstream customers which produce semiconductor equipment, optical lens, and mobile phone components, Exfiro will enlarge its capacity by investing NTD170 million in a smart production line in Pingzhen, Taoyuan to improve process efficiency. The company hopes to thus bring Taiwan’s high precision products on par with world class products.
Golden Spirit Co., Ltd. is a sales agent for Metrex, the world’s largest supplier of sterilizing and disinfecting solutions for medical instruments. It is also the leading brand of medical-used alcohol in Taiwan with a 75% market share. Its customers span major medical centers, regional hospitals, and pharmacies around Taiwan, and it has expanded its market to Vietnam. It received the GDP certificate for the pharmaceutical industry in 2018. The company’s warehouses are currently all require extremely high rental cost. In light of the shortage of GDP warehouses in the market, the company decided to invest over NT$200 million to build smart warehouse equipment that can store both GDP pharmaceuticals and hazardous drugs in Taoyuan, Changhua, and Kaohsiung, satisfying its own demand and renting the equipment to others to ensure the safe storage of pharmaceuticals. The company will thus be able to provide strong support for home and medical safety.
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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