November 18, 2004
The Ministry of Economic Affairs reports that the combined value of major investment projects in the manufacturing sector have reached
NTD 820 billion in the first three quarters of the year. The ministry says that this value could exceed
NTD 1 trillion by the end of the year, setting a record high. If major investment projects in the service sector are added in, the total value of major investment projects in Taiwan could hit
NTD 1.4 trillion this year.
The government defines major investment projects as those with values of
NTD 200 million or more.
Analysis by the Industrial Development Bureau shows that the primary reasons for this increase in major investment projects is plant expansions by flat panel and semiconductor makers and Formosa Plastics Group's construction of its sixth naphtha cracker.
More plant expansions are expected to be announced by flat panel makers in the fourth quarter. These investments will bring the total value of major investment in the manufacturing sector to around
NTD 1 trillion, well beyond the
NTD 786 billion forecast at the beginning of the year.
The value of major investments in the technology services sector has been growing in recent years. These investments are forecast to reach
NTD 31.5 billion this year, 12% more than the
NTD 28.1 billion in 2003. Also, the telecommunications sector is predicted to post major investments of
NTD 52.2 billion this year, 41% more than the
NTD 37.1 billion in 2003.
(United Daily News)
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