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2021-11-18
InvesTaiwan today (18th) approved the additional investment of NT$2.3 billion in total by 6 SMEs during the joint review meeting for the Action Plan for Accelerated Investment by SMEs, including Angel Electronics Co., Ltd., Alpha Brass Controls Inc., White Peak Enterprise Co., Ltd., HPC Auto Technology Co., Ltd., Mimofang Pasta, and Daiwa Motor Parts Corporation. A total of 113 joint review meetings have been convened for the “Action Plan for Accelerated Investment by SMEs,” and investments by 707 SMEs amounting to approximately NT$297.7 billion were approved, which will create 27,143 domestic employment opportunities. At present, the three major programs for investing in Taiwan have driven 1,067 companies to invest approximately NT$1.4399 trillion, which is expected to create 116,862 domestic employment opportunities, and the applications of 56 companies are still pending review.
Daiwa Motor Parts Corporation is an auto parts manufacturer, and its main products include headlights, perspective mirrors, fog lights and base set. It jointly develops equipment with the American company Nordson, and has locations in Asia, North America, Central and South America, Europe, and Taiwan. The company plans to invest nearly NT$400 million to build a plant in Annan District, Tainan City, in response to global market demand of electric vehicles and also ti improve its own production technology. The new plant will have automated equipment and AI applications in line with global business trends, so as to achieve the goal of local actions with an international perspective. This will give Daiwa Motor Parts Corporation a more active role in the international auto parts industry, and will also create 49 domestic employment opportunities.
Angel Electronics Co., Ltd. focuses on the design and manufacturing of electronics products, which are provided for in-vehicle, 5G, computer, medical, and consumer electronics applications. It is a supplier for well-known public tech companies in Taiwan, and its products are also sold to the United States, Europe, and Japan. The company can no longer continue to increase its production capacity due to the limited spaces of current plants, and thus plans to invest over NT$600 million to build a new plant in Xinzhuang District, New Taipei City for its long-term business development and portfolio of new products. The company plans to implement smart manufacturing, smart logistics, and smart plant, and has thus installed high-end production equipment and AI data analysis, so as to respond to the rapidly changing electronics market. The investment will create 27 domestic employment opportunities.
Alpha Brass Controls Inc. focuses on the development, manufacturing, and sales of gas safety valves and gas thermostat products. The company released numerous innovative gas valves and patented burners in recent years to meet customers’ needs. Itsproducts have obtained numerous international safety certifications and are sold across North America, Latin America, Europe, Australia, and China. Due to its growing variety and completeness of products, as well as the expanding market scale, the company’s current production capacity can no longer satisfy demand. The company thus plans to recruit 25 domestic employees and invest over NT$100 million to install advanced high-end mechanical equipment in its plant in Qingshui, Taichung, in order to meet the demand of future sales growth. The equipment will allow the company to implement smart processes, IoT, cloud management platform, and digital management system as it continues to enhance its international competitiveness.
White Peak Enterprise Co., Ltd. started out by producing aluminum extrusion products for aluminum doors and windows. It currently mainly uses the 2000 to 7000 series aluminum allow as raw materials for producing industrial aluminum extrusion products, such as tracks for industrial purposes, auto parts, solar power accessories, building, bicycles, and aerospace. The company is gradually transforming into a supplier of the automobile and aerospace industries with high precision requirements, and needs to upgrade its plants and equipment at the same time. The company thus plans to invest over NT$800 million to build a fourth plant and its headquarters in Yenshui District, Tainan City. It will also install new smart energy efficient equipment in its existing plants, so that electricity is most effectively used in its plants, turning around the high energy consumption and high noise of the aluminum extrusion industry. The investment will create 78 domestic employment opportunities.
HPC Auto Technology Co., Ltd. is a supplier of automotive ignition coils and ignition modules, and supplies over 600 types of ignition coil products for the aftermarket in the United States, Mexico, Australia, Argentina, and Thailand. The company needs to develop even more safe, green, high performance products in response to the industry trends of environmental protection and green energy. The company thus plans to recruit 60 domestic employees and invest over NT$200 million to build a new plant in Changhua THSR special district type 2 industry service zone. The company aims to build a smart green factory, and utilize smart manufacturing technology elements along with automated equipment to achieve real-time process monitoring, in order to increase its production capacity and productivity. The company also incorporated energy conservation and carbon reduction functions into the planning of its new plant, so that it can achieve sustainable operation and development.
Mimofang Pasta is a pasta specialty store that has three stores in Taiwan and is highly popular among consumers of all ages. The company plans to recruit 9 domestic employees and invest NT$30 million to establish a small cloud smart central kitchen in Zhonghe District, New Taipei City. The kitchen will comply with food safety process standards and use big data and AI to reduce waste and implement food safety management, so that it can further control food, sauces, and expand the online shopping and home delivery market for frozen foods. The company is seizing business opportunities brought by home economy in response to the needs of its stores due to the pandemic, and is providing consumers with a wider selection of products.
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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