Taiwan’s economics ministry approves investment from five firms

Focus Taiwan
Date: 2019/07/11
By: Liao Yu-yang and Evelyn Kao

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Taipei, July 11 (CNA) The Ministry of Economic Affairs said Thursday that it has approved applications from five firms to invest in Taiwan under a plan launched by the government to encourage overseas Taiwanese businesses to invest at home.

It is estimated the five companies will invest more than NT$9.5 billion which could create nearly 900 new jobs, increasing total investment approved to NT$444.1 billion (US$14.31 billion) and boosting potential new jobs to more than 40,000 since the program was launched in January, according to a MOEA office that assists overseas businesses invest in Taiwan.

The biggest investor among the five is an unnamed listed company that produces key panel materials and plans to invest more than NT$4.5 billion building a factory in Yunlin County and recruiting 200 workers, according to the MOEA "Invest Taiwan" office.

Textile and garment manufacturer Eclat Textile Co. decided to invest NT$1.02 billion to build a digital fabric printing and textile factory in Miaoli County producing high-value added printed fabric, and is looking to hire 60 technicians.    [FULL  STORY]

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