2024-09-20
InvesTaiwan today (20th) approved additional investments in Taiwan by 5 companies, including Yungshin Pharm Ind. Co,. Ltd. under the Action Plan for Accelerated Investment by Domestic Corporations, and MedServ, Honq Chi Precision Technology Co., Ltd., Lian Yu Chain Co., Ltd., and Yi-Jeong industrial corp. under the Action Plan for Accelerated Investment by SMEs. At present, the three major programs for investing in Taiwan has attracted approximately NT$2.3513 trillion in investments from 1,539 companies, and will create 153,967 domestic employment opportunities. A total of 192 domestic corporations invested approximately NT$564 billion under the Action Plan for Accelerated Investment by Domestic Corporations, and created 28,333 employment opportunities. The Action Plan for Accelerated Investment by SMEs attracted 1,030 SMEs to invest a total of approximately NT$487 billion, and created 37,231 employment opportunities. The applications of 22 companies are currently pending review.
Yungshin Pharm Ind. Co., Ltd. mainly manufactures pharmaceuticals and health supplements for human use, and is the first pharmaceutical company in Taiwan to obtain the international certification PIC/S GMP. The company has won national-level awards, such as the Taiwan BIO Award and National Pharmaceutical Technology & Research Development Award, and strives to provide the best pharmaceuticals and improve human health and well-being. Given that the global trend of aging population will increase demand for anti-tumor, cancer, and chronic disease drugs, after applying for the Action Plan for Accelerated Investment by Domestic Corporations in 2021, Yungshin Pharm has decided to invest in the construction of a factory in Dajia District, Taichung City, establish a production management center, and purchase smart equipment for real-time process monitoring, in order to ensure the quality and safety of pharmaceuticals. Solar power generation facilities will be installed in the new factory, which will use low-carbon emission equipment and actively recycle water and waste, in hopes of protecting the environment and reducing energy consumption. The investment amount is estimated at approximately NT$150 million and will create 42 domestic employment opportunities.
MedServ's scope of services covers the research and development, manufacturing, testing, and regulatory certification of medical devices worldwide, as well as net zero services. It is the first impartial third-party verification institution to specialize in mechanical performance testing services for medical implants. The company integrates the product life cycle and provides one-stop services to assist domestic and foreign medical device companies with applying for manufacturing and marketing authorization. In addition, MedServ is also actively providing production technology guidance to medical device manufacturers, and strives to produce green medical devices. It is working with medical institutions in promoting low-carbon healthcare and formulating smart carbon reduction strategies, in order to achieve the sustainable development of upstream and downstream industries and net zero emissions. MedServ plans to build a smart medical device manufacturing plant in Chiayi Machohou Industrial Park to expand future product lines, and will set up a comprehensive medical device laboratory to further enhance its R&D, testing, manufacturing, regulatory guidance, and sales abilities. The new plant is expected to obtain a green building label with better environmental protection and energy-saving functions, which will reduce the impact of operations on the environment. The investment amount is approximately NT$100 million and is expected to create 30 domestic employment opportunities.
Honq Chi Precision Technology Co., Ltd. is a manufacturer of automated equipment specifically for passive components. Its main products are front-end process equipment. In particular, it enjoys a high reputation in the industry for its roll to roll printing machines and hot water pressure machines. Many of the company's products have been patented. In addition to the passive components and sensor industries, it is also actively developing automation equipment and providing customized production services. The rapid development of emerging industries such as electric vehicles, AI, and network communications is expected to drive significant growth in demand for passive components in the future. To respond to the market demand, Honq Chi Precision Technology decided to build a new plant in Yangmei District, Taoyuan City to expand production capacity, and will introduce smart equipment and auxiliary software to implement digital management. The new plant will be equipped with a solar power generation system and smart meters to save energy and reduce its impact on the environment. The investment amount is approximately NT$200 million and is expected to create 9 domestic employment opportunities.
Lian Yu Chain Co., Ltd. focuses on manufacturing chains for machine tool magazines, accessories, and automation accessory kits. It continues to develop professional chains that operate with high efficiency, and its products are widely recognized by domestic and foreign machine tool plants and related industries for their excellent quality. Its products are sold in Japan, South Korea, Southeast Asia, and Europe. Its current plant in Shengang District, Taichung City has insufficient space. The company plans to redesign and build the plant, and will also upgrade equipment and install a manufacturing execution system (MES) to monitor production progress in real time and improve product yield. The new plant will use green building materials, and a solar power generation system will be installed. It will gradually introduce a carbon management platform, and will dedicate its efforts to saving energy and reducing carbon emissions, so as to co-exist with the environment. The investment amount is approximately NT$120 million and is expected to create 5 domestic employment opportunities.
Yi-Jeong industrial Corp. has been deeply involved in the manufacturing of transmission systems for more than 35 years. It has successfully entered the after-sales maintenance market under its own brand “IJE” in more than 50 countries around the world. The company has not only gained the trust of Kymco, Taiwan Golden Bee, and a well-known Japanese beach buggy manufacturer, but has also been the only supplier of transmission shafts for a major Japan’s agricultural manufacturing plant for 12 years. Yi-Jeong industrial Corp. plans to add production lines at its plant in Wuri District, Taichung City, and will purchase intelligent equipment to enhance its product competitiveness, in order to improved. The quality and management efficiency of products. Solar power generation facilities and power-saving devices will also be installed in response to energy conservation and carbon reduction policies. The investment amount is estimated at approximately NT$90 million and will create 8 domestic employment opportunities.
Spokesperson of InvesTaiwan: Acting COO Chen Ming-Chu
Telephone: 02-2311-2031 Ext. 802
Mobile Phone: 0938-637-901
Email: nicole@invest.org.tw
Source： Department of Investment Promotion, MOEA
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