The Ministry of Economic Affairs yesterday approved applications from nine small and medium-sized enterprises (SMEs) to invest a total of NT$4.6 billion (US$152.8 million) in Taiwan through a government subsidy program.
The new projects would generate 435 job opportunities, the ministry said.
The ministry gave the green light to traditional Chinese medicine maker Kodak Pharmaceutical Co (科達製藥), straw maker Eco Fin Co Ltd (益可芬), Li Sheng Color Printing Co Ltd (力盛彩色印刷), Shang Shun Concrete Products Ltd Co (上順水泥), Chin Chih Metal Industrial Co Ltd (青志金屬工業), Kai Jung Industrial Co Ltd (鍇榮實業) and three other firms in the metal processing and pump making industries.
Kodak Pharmaceutical, the nation’s second-largest traditional Chinese medicine maker, would invest more than NT$900 million in setting up a new production facility, the ministry said.
Eco Fin plans to invest more than NT$70 million to launch a smart manufacturing plant in Taoyuan’s Lujhu District (蘆竹) that would produce polypropylene and polylactic acid straws, the ministry said.
Seeking to establish a presence in Japan, Li Sheng, which supplies high-end foldable cotton packages used for food products, tobacco, alcohol and cosmetics, among other products, is to invest more than NT$500 million to establish a new plant in Miaoli County’s Houlong Township (後龍), the ministry said.
Seeking to expand its production capacity in Kaohsiung’s Dafa Industrial Park (大發工業區) while adding a green touch, Shang Shun plans to invest NT$40 million to purchase environmentally friendly machinery for mixing construction materials, the ministry said.
Chin Chih, a major powder metallurgy specialist, is to invest nearly NT$1.3 billion in setting up a new production facility in Miaoli’s Tongluo Science Park (銅鑼科學園區), the ministry said, adding that the firm counts Japanese automakers Nissan Motor Co and Mazda Motor Corp among its customers.
In a bid to increase export orders, plastic injection molding service provider Kai Jung plans to invest NT$90 million to purchase computer numerical control machinery for its existing plant in Tainan’s Shalun Industrial Park (沙崙工業區), the ministry said.
High precision metal processor Hwa Ying Industrial Group (樺瑩工業) plans to invest NT$700 million to expand its production facility in New Taipei City’s Sijhih District (汐止); JKE Precision Industry Co Ltd (昆兆益) is to invest NT$300 million to set up an automated plant in Taichung’s Taiping District (太平); and valve and pump maker Tai Shyang Industry Co Ltd (泰翔工業) is to invest NT$300 million to construct a new plant in Taoyuan’s Guanyin District (觀音), the ministry said.
A wave of stop-loss selling and panic selling hit Taiwan's stock market at its opening today, with the weighted index plunging 2,086 points — a drop of more than 9.7 percent — marking the largest intraday point and percentage loss on record. The index bottomed out at 19,212.02, while futures were locked limit-down, with more than 1,000 stocks hitting their daily drop limit. Three heavyweight stocks — Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (Foxconn, 鴻海精密) and MediaTek (聯發科) — hit their limit-down prices as soon as the market opened, falling to NT$848 (US$25.54), NT$138.5 and NT$1,295 respectively. TSMC's
SELL-OFF: Investors expect tariff-driven volatility as the local boarse reopens today, while analysts say government support and solid fundamentals would steady sentiment Local investors are bracing for a sharp market downturn today as the nation’s financial markets resume trading following a two-day closure for national holidays before the weekend, with sentiment rattled by US President Donald Trump’s sweeping tariff announcement. Trump’s unveiling of new “reciprocal tariffs” on Wednesday triggered a sell-off in global markets, with the FTSE Taiwan Index Futures — a benchmark for Taiwanese equities traded in Singapore — tumbling 9.2 percent over the past two sessions. Meanwhile, the American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock on the TAIEX, plunged 13.8 percent in
In a small town in Paraguay, a showdown is brewing between traditional producers of yerba mate, a bitter herbal tea popular across South America, and miners of a shinier treasure: gold. A rush for the precious metal is pitting mate growers and indigenous groups against the expanding operations of small-scale miners who, until recently, were their neighbors, not nemeses. “They [the miners] have destroyed everything... The canals, springs, swamps,” said Vidal Britez, president of the Yerba Mate Producers’ Association of the town of Paso Yobai, about 210km east of capital Asuncion. “You can see the pollution from the dead fish.
ASML Holding NV, the sole producer of the most advanced machines used in semiconductor manufacturing, said geopolitical tensions are harming innovation a day after US President Donald Trump levied massive tariffs that promise to disrupt trade flows across the entire world. “Our industry has been built basically on the ability of people to work together, to innovate together,” ASML chief executive officer Christophe Fouquet said in a recorded message at a Thursday industry event in the Netherlands. Export controls and increasing geopolitical tensions challenge that collaboration, he said, without specifically addressing the new US tariffs. Tech executives in the EU, which is