NT$288 billion investment pledged by returning Taiwanese firms: MOEA

Focus Taiwan
Date: 2019/05/16
By: Tsai Peng-min and William Yen

Screenshot of AOET’s official website

Taipei, May 16 (CNA) More than NT$288.4 billion of investment has been pledged by Taiwanese firms planning to return home as of Thursday, when three more firms responded to a government effort to attract investment from overseas Taiwanese firms returning to the country, according to the Ministry of Economic Affairs (MOEA).

The three companies — materials producer DingZing, optical lens supplier Ability opto-Electronics Technology co. Ltd. (AOET) and welding and wire company Kuang Tai Metal Industrial Co. (Kuang Tai), Ltd. — are expected to invest over NT$8.9 billion and create about 900 new jobs, the ministry said.

DingZing, which has operations in China, the United States and Vietnam, plans to invest over NT$2 billion in Taiwan, establishing facilities in Pingtung to produce advanced optical products, which will create 320 new domestic jobs, the MOEA said.

Meanwhile, AOET plans to invest more than NT$4 billion in Central Taiwan Science Park in Taichung by establishing new facilities with automated machinery and equipment, while recruiting a workforce of over 500, the MOEA pointed out.    [FULL  STORY]

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