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2020-03-20
InvesTaiwan today (20th) approved the investments of over NT$3 billion by another 7 small and medium enterprises (SMEs), including Tsangkuo Industrial Co., Ltd., Nagaoka Machinery Co., Ltd., Kao Chuan Tswen Enterprise Co., Ltd., Xin Hong Co., Ltd., Young Ching Industry Co., Ltd., Yu Yang Industrial Co., Ltd., and Ban Hon International Co., Ltd. InvesTaiwan has convened 33 joint review meetings for the Action Plan for Accelerated Investment by SMEs, and has approved investments of over NT$81.4 billion by 176 SMEs, which will create 7,487 domestic employment opportunities. The three major programs for investing in Taiwan has led 406 companies to invest approximately NT$921.7 billion, which is expected to create 76,027 domestic employment opportunities. The applications of 70 companies are still pending review.
Tsangkuo Industrial Co., Ltd. is an OEM of high-end faucets, it is also the largest supplier of beer taps, and mainly supplies high-end hotels and housing in Europe and America with exports accounting for 80% of overall production capacity. The company’s current plants are operating at capacity, and it is expected to invest over NT$300 million to build a new automated plant in Lugang Township, Changhua, using an automated mechanical process to replace the original labor-intensive process. Furthermore, the plant also complies with the international green manufacturing trend, and reduces the issues of dust and air pollution caused by the process, creating a more comfortable work environment while reducing cost. The investment is expected to create 20 domestic employment opportunities in Changhua.
Nagaoka Machinery Co., Ltd. mainly produces elevators and related parts and components. It has the advantage of providing a wide range of customized models to well-known elevator companies in Taiwan and to Japan, Southeast Asia, and South America. To increase design capacity and output, the company plans to invest nearly NT$200 million and will recruit 31 domestic employees. The company will build a new plant in Guishan District, Taoyuan City and incorporate smart production technologies. It will upgrade hardware equipment to reduce the dependency on manual labor in manufacturing and incoming/outgoing material control, improve product quality, shorten the process, lower the error rate, and improve the company’s brand image.
Kao Chuan Tswen Enterprise Co., Ltd. specializes in door and window hardware and curtain wall manufacturing. Due to the increased demand on public construction and large construction projects in recent years, the company hopes that the investment in developing “unitized curtain wall,” which has an advantage in construction, will replace the use of conventional curtain walls in tall buildings, and effectively shorten the construction period and reduce the amount of manpower needed. The company plans to invest nearly NT$200 million to build a new plant in Daliao District, Kaohsiung City, establish a highly efficient, high quality production line with automated scheduling and visualized production information, enhancing its competitiveness through a specialized production model that links the consumer end to subcontractors, aiming to expand globally while based in Taiwan. The investment is expected to create 20 domestic employment opportunities.
Xin Hong Co., Ltd. is in the business of CNC hardware processing and precision parts manufacturing. Its products are often used in machine tools, automobiles, and fitness equipment. Global metal trade has shrunk due to impact of the US-China trade war, severely challenging the model of “taking purchase orders in Taiwan, production in China, and export to the US.” In response to the business opportunities brought by order transfer, the company will invest over NT$100 million to build a new plant in Tainan’s Xinji Industrial Park. The company will recruit 8 domestic talent and purchase automated equipment each year, in order to seize opportunities in this reshuffle of global supply chains, and drive the development of downstream industries.
Young Ching Industry Co., Ltd. is the first company in Taiwan to specialize in the production of ground granulated blast-furnace slag. To increase the use of recycled materials, reduce carbon dioxide emissions, and promote green circular economy, the company plans to invest over NT$500 million to build a new plant in Xiaogang District, Kaohsiung City. The company will add an automated slag production line, connect all equipment and install a real-time monitoring system, produce new generation slag and environmentally friendly blended cement, which will replace conventional cement, increase the production of green environmentally friendly construction materials, and increase use of recycled materials. This investment will create 30 domestic employment opportunities.
Yu Yang Industrial Co., Ltd. mainly produces PC hollow boards and industrial aluminum extrusion materials and processing. Finished products are often used in tents, greenhouses, garages, and skylight panels. The company’s products are mainly exported, and the United States accounts for 85% or more of its revenue. Due to its stable revenue growth in recent years, coupled with order transfer due to the US-China trade war, its production lines were gradually reaching capacity. The company thus invested NT$500 million to build a modernized plant in Lugang Township, Changhua in response to the future increase in demand, using smart production equipment to upgrade the plant into a highly-efficient AI plant. This investment will create 36 domestic employment opportunities.
Ban Hon International Co., Ltd. specializes in the manufacturing of high quality lubricating oils for various vehicles, industries, and ships. The company has its own brand “FK” and is an OEM leader in Taiwan. FK lubricating oil won the 2019 Taiwan Excellence Award and has been certified by major European car manufacturers, such as: Mercedes-Benz, BMW, Volkswagen, AUDI, Porsche, etc. The company invested nearly NT$1.2 billion to build a new plant in Changhua Coastal Industrial Park to meet the demand of different markets and customers. The new plant will have new tanks, pipes, and equipment, and utilize smart sensing technology to improve product management efficiency. The company plans to give domestic workers priority for 30 employment opportunities, and will continue to increase its market share in Taiwan and major markets overseas, maintaining its image as a top tier international enterprise.
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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