By: Huang Chiao-wen and Maria Tsai
Taipei Sept. 27 (CNA) The Ministry of Economic Affairs (MOEA) reported on Friday that the production value of the local contact lens sector is expected to reach a record NT$11 billion (US$333.57 million) this year.
In the first seven months of the year, the value of production in the sector reached NT$6.4 billion, up 12.8 percent from a year earlier, the MOEA said.
Last year, production value increased to NT$9.9 billion, almost double the NT$5.1 billion in 2011, according to the ministry.
As a result of the industry’s rapid growth, several local companies have invested in the sector, including Largan Precision Co. (大立光), Pegatron Crop. (和碩) and BenQ Materials, a ministry official said. [FULL STORY]