By Natasha Li / Staff reporterThe 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. 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 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.

Source: Taipei Times January 02, 2020 15:56 UTC