Focus Taiwan
Date: 2019/08/17
By: Liao Yu-yang and Frances Huang

Taipei, Aug. 17 (CNA) Hiwin Corp., a leading machinery supplier in Taiwan, has pledged an investment of more than NT$6 billion (US$191 million) to expand its production capacity in central and southern Taiwan, according to the Ministry of Economic Affairs (MOEA).

Hiwin, the second largest linear motion control system maker in the world, has secured MOEA approval for the project under a government incentive program to encourage overseas Taiwanese enterprises to return home amid the trade frictions between the United States and China.

According to the MOEA, Hiwin is planning to spend NT$6.2 billion to expand its production facilities in Taichung in central Taiwan and in Yulin and Chiayi in the south, which will create some 1,250 new jobs.

The company is returning home to better serve its clients, 70 percent of which are Taiwanese firms that have been affected by the tariff war between China and U.S. and are also seeking to return home, the ministry said Thursday.    [FULL  STORY]