By Natasha Li / Staff reporterThe Ministry of Economic Affairs yesterday approved investments totaling more than NT$2.8 billion (US$91.69 million) from eight small and medium-sized enterprises (SME) via a government plan that provides them assistance with financing, taxation, land, utilities and labor. Furniture supplier Meicha Furniture Co Ltd (美傢家具) plans to invest NT$200 million adding automated production lines to its plant in the Changhua Coastal Industrial Park (彰濱工業區) as it has attracted more international orders, the ministry said. Min Chun Precision Co (敏鈞精密), which provides components for Boeing Co’s 787 Dreamliner and General Electric Co’s LEAP-1A engine, plans to invest NT$120 million to expand production capacity at its plant in New Taipei City’s Sanxia District (三峽). Another fastener manufacturer, Yinsh Precision Industrial Co (盈錫精密) is to invest about NT$100 million setting up two smart production lines to cut its labor costs, it said. Since the program was launched in July, the ministry has approved NT$30.4 billion of investment from 60 SMEs, which plan to create 2,578 new job opportunities.

Source: Taipei Times November 15, 2019 15:56 UTC