Scania, the world’s third-largest manufacturer of heavy trucks and buses, has set up a new delivery center in Taoyuan County, the third of its kind around the globe, a company official said on Wednesday.
“The establishment of a delivery center here in Taiwan is one element in Scania’s strategy to strengthen our position in a fast-growing market that is very important to us,” Scania Griffin Automotive (永德福汽車) chairman Ake Norrman said at an inauguration ceremony.
“This facility will have a capacity of 500 vehicles per year, enabling us to shorten delivery time to our customers, which is a very important competitive factor,” he said.
With Taiwan’s well-established transportation infrastructure and its potential to develop into a logistics center, Scania said it expected to invest more than NT$100 million (US$2.9 million) and employ between 20 and 30 workers at the delivery center.
The Swedish truck maker has opened similar facilities in South Africa and Malaysia.
Swedish Trade Council Representative Henrik Bystrom said Scania made a good choice when it picked Taoyuan County as it is close to the capital and the major airport and seaports, making it very similar to Scania’s headquarters in Sodertalje, Sweden.
Scania Griffin Automotive president Jerry Liu (劉振偉) said the company would emulate Dell’s business model of integrating logistics and production.
Liu said the new delivery center would first focus on meeting local demand, adding that there was a potential for the company to supply its vehicles to China in the future, but not at the moment because of China’s lower environmental standards.
Scania’s vehicles are 5 percent to 10 percent more expensive than its European competitors and cost between 10 percent and 20 percent more than its Japanese competitors because of their high fuel efficiency and durability, Liu said.
Last year, parent group Scania AB reported revenues of 8.1 billion euros (US$10.3 billion) and earnings before tax of 1.1 billion euros.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had