HOMEWARD BOUND: The machinery maker is among the five latest returning firms, which have pledged to invest a combined NT$12.3 billion, creating hundreds of jobs
Date: Aug 16, 2019
By: Natasha Li / Staff reporter
Machinery maker Hiwin Technologies Co (上銀科技) is to invest about NT$6.2 billion (US$197.4 million) in Taiwan to meet rising demand from returning Taiwanese businesses as the US-China trade dispute continues, the Ministry of Economic Affairs said yesterday.
Hiwin, the world’s No. 2 biggest linear motion component vendor, manufactures ball screws, linear guides and industrial robots among other products.
As 70 percent of the returning Taiwanese firms are Hiwin’s customers, the company plans to add new production lines at its headquarters in the Taichung Precision Machinery Science and Technology Innovation Park (台中精密機械園區), expand its plants at the Taichung Industrial Park (台中工業區) and the Dapumei Precision Machinery Park (嘉義大埔美精密機械園區) in Chiayi County, as well as set up a new manufacturing facility in the Yunlin Technology Industrial Park (雲林科技工業區), the ministry said.
The company’s investment is expected to create 1,250 job opportunities, the ministry added.