By Natasha Li / Staff reporterThe Ministry of Economic Affairs yesterday said it has approved four companies’ applications to invest more than NT$1.8 billion (US$59.6 million) as part of its program encouraging overseas Taiwanese businesses to invest back home. Vacuum flask maker Sun-Upper Metal Industry Co (昶典工業) is to invest NT$300 million to expand its production facility in Yunlin County to meet customers’ demands, the ministry said. The company also plans to set up its headquarters and a production plant at the Taichung Export Processing Zone (臺中加工出口區), which would create 25 job opportunities, the ministry said. The aerospace components manufacturer is to invest NT$70 million to expand its spray paint and chemicals production lines to meet increasing orders, it said. To date, the ministry has approved 283 companies’ applications to join its three programs to stimulate investment, with the companies pledging NT$835.1 billion in total.

Source: Taipei Times December 19, 2019 15:56 UTC