Local manufacturers boosted fixed asset investments by 24.5 percent last quarterBy Angelica Oung / Staff reporterLocal manufacturers invested NT$429.1 billion (US$15.5 billion) in fixed assets last quarter, 24.5 percent more than a year earlier, the Ministry of Economic Affairs said yesterday. Most of the fixed assets were on manufacturing equipment to cope with surging worldwide demand, it said. The figure represented a quarterly increase of 4.7 percent and marked a record for the second quarter, ministry data showed. The chemical materials sector increased fixed assets investments by 34.3 percent annually to NT$26 billion, marking the highest since the second quarter of 2014, it said. Computer and optoelectronics companies grew investments by 8.6 percent year-on-year to NT$13.7 billion to expand facilities and capacity, it added.

Source: Taipei Times September 10, 2021 15:56 UTC