Taiwan Investment Office held the 8th joint review meeting of the Welcome Taiwanese Businessmen's Investment Action Plan, which approved the huge mechanical application.
Huge machinery is marketed by GIANT (Giant) and Liv (female bicycle brand). At present, there are 8 production bases in the world, and the products have won many awards for innovation. In the face of the high pressure between the US-China trade war and the EU's anti-dumping duties on electric bicycles, it was decided to invest in the integration of research, production and sales in Taiwan. In addition to adjusting some of the production capacity, the expansion of Taichung Dajiamu Factory was intelligent. Production line, strengthen Taiwan bicycle production base; build new operation and R&D headquarters building in Taichung Science Park, and Taichung Dajia Construction Automation International Logistics Center, with a total investment of more than NT$5 billion, which will create domestic employment More than 290 people.
Taiwan has a reputation as a "bike kingdom". After many times of crisis, it has been undergoing a chain of transformation and is still in the throne of the advanced bicycle exporting kingdom. This huge machinery will take root in Taiwan's key competitive advantages such as R&D and brand marketing, and will drive the upstream and downstream high-end components to break through and create new innovations.
The "Welcome Taiwanese Businessmen's Investment Action Plan" has been implemented for just over 2 months, and 8 joint review meetings have been held. 13 manufacturers (Zhibang Technology, Qingfu Industrial, Quanta Computer, Nanliu Enterprise, Yanli Electromechanical, Yulong) Technology, Yaxu Computer, Xunde Machinery, Shengbao Industry, CommScope Materials, Taiyao Technology, Huge Machinery and one unlisted company passed the qualification examination. The total investment amount exceeded NT$37.4 billion. More than 4,200 people are employed in the country. There are still 10 Taiwanese companies that have been scheduled for joint review, and more than 30 are evaluating applications, and the number of applicants continues to increase.
The "Welcome Taiwanese Investment Return Action Plan" is different from the previous two features: "single window" and "customized service". The investment Taiwan firm serves as a "single window" and assigns a project manager as the service angel. Providing one-on-one assistance, not only take the initiative to meet Taiwanese businessmen to understand the needs, from application, review, to follow-up construction, completion of operations, service and review, manufacturers do not have to struggle between various agencies, greatly improving the convenience of the investment process. The second feature is "customized service". Service angels may encounter problems and needs for Taiwanese businessmen to return to Taiwan, and provide substantial assistance in combination with local government and local government resources: meeting land use needs, ample industrial manpower, assisting rapid financing, and stabilizing supply. The goal of hydropower and tax services is to let Taiwanese businessmen feel at ease to go home and invest.
Source: Ministry of Economic Affairs R.O.C