2023-11-24
InvesTaiwan today (24th) approved the additional investment of 5 companies, including Sino-American Silicon Products Inc. (SAS) and Gen Asia Biotech Co., Ltd. (GAB) under the “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” and Yum Sang Industrial Ltd., Better For You, and Sancci Manufacture Food Company under the “the Action Plan for Accelerated Investment by SMEs.” At present, the three major programs for investing in Taiwan have attracted over NT$2.1615 trillion in investments from 1,427 companies, and are expected to create 148,437 domestic employment opportunities, in which the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan has attracted approximately NT$1.2227 trillion in investments from 302 Taiwanese businesses and created 87,198 domestic employment opportunities; the Action Plan for Accelerated Investment by SMEs has attracted approximately NT$442 billion in investments from 949 SMEs and created 35,053 domestic employment opportunities; the applications of 11 companies are still pending review.
As the global renewable energy industry continues to grow, SAS is actively engaging in vertical integration of the solar power industry chain, and its operations have expanded from solar cell and module production to the construction of solar farms and maintenance and management. To become aligned with international market trends and provide higher quality solar cells, SAS plans to invest NT$2.17 billion to expand its large solar cell production lines in Zhunan and Yilan plants, install smart production systems, improve manufacturing and service processes, and improve production efficiency. Furthermore, SAS is gradually working towards the goal of using 100% renewable energy by 2050 through greenhouse gas inventory, energy management, and clean production, in hopes of become the leader of the green electricity industry.
GAB is a raw materials supplier for biotech food products, and has dedicated its efforts to the field of food powder for over three decades, and has numerous production technologies, including fermentation, spray, pelletization, drum drying, and freeze-drying. The company has expanded to dosage form development and OEM services for healthcare products. To continue strengthening its R&D capabilities and ensure competitive advantages, GAB plans to recruit 30 domestic employees and invest approximately NT$320 million to build a head office in Nantou County - Nangang Plant No. 2 with smart equipment able to automatically configure process parameters. This will visualize production information and increase the stability of product quality. Furthermore, solar power facilities will be installed in the plant, which will use steam boilers to effectively implement energy conservation and carbon reduction.
Yum Sang Industrial Ltd. is a manufacturer that specializes in warp knitting. Its products include cloth and finished fabric and materials. After accumulating production technologies and experience over the years, it is able to develop suitable fabrics based on customer requirements, and the hook and loop fasteners used in well-known brands, such as 3M, Nike, and Adidas, were developed by Yum Sang Industrial Ltd. Due to insufficient space for production, the company plans to invest NT$250 million to build a new plant next to its Tainan plant, and will implement digital management and automated warehousing. It will establish a fabric formation traceability system to provide customers with faster and better services. The new plant will have solar power facilities and use eco-friendly construction materials and energy-saving glass to protect the environment and develop towards sustainability. The investment is expected to create 4 domestic employment opportunities.
Better For You developed the innovative rice snacks “Pop Pop Rice” and “Pop Pop Rice Curl” for its brand “Captain Danny”, using white rice and brown rice produced in Taiwan as raw materials while emphasizing healthy, no artificial additives, not fried, low GI, and gluten-free. This has made the products highly popular on e-commerce platforms and among housewives. In response to the growth in the snacks market, the company will add a smart production line in its Yilan Plant, which will use smart sensors to collect production data for analysis, in order to improve the yield of its process and also reduce energy consumption. Better For You hopes to support local agricultural products through this investment, and develop snacks that can represent Taiwan.
Chef Chiu started out in Erlin, Changhua and has cooked for countless banquets, which often had guests hoping to take home the delicious cuisine. Hence, Chef Chiu founded Sancci Manufacture Food Company and developed a variety of prepared food for consumers to enjoy delicious dishes at home. To integrated its production process, the company decided to hire 12 domestic employees and invest NT$610 million to build a smart cold warehouse next to its Erlin Plant in Changhua, properly managing raw materials and inventory to make product quality more stable. The new plant will have a green belt, solar power equipment, and central energy management system, in hopes of protecting the environment while producing delicious cuisine.
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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