More Electronics Sector Investments in China From Taiwan. Check it out:
(Taiwan Economic News Via Thomson Dialog NewsEdge) Taipei, Sept. 22, 2006 (CENS)--Despite the impact of the macro-economic controls imposed by the mainland China government, investments there from domestic electronics firms are on the rise, given a decreased number of investment applications in the industry overall, according to the statistics compiled by the Investment Commission under the Ministry of Economic Affairs
The Investment Commission tallies showed the number of applications for investing in the mainland totaled 682 with a value reaching US$4.592 billion in the first eight months of this year, suggesting a decrease of 20.05% and a rise of 27.82% year-on-year, respectively
The number of approved investment cases to the mainland totaled 81 with investment value reaching US$649 million in August alone, representing a decrease of 1% and an increase of 68% year-on-year, respectively
Major applications for investing in China in August included those filed by Formosa Plastics Group (FPG) and Der-Chin Enterprise Corporation. FPG applied for remitting US$50 million to the mainland for increasing capital on its Ningbo plant; Der-Chin applied for remitting US$45 million to invest in Jiangxi Yadong Cement Corp., a subsidiary of the Far Eastern Textile Group
Huang Chin-tan, executive secretary of the Investment Commission, noted the willingness of Taiwanese firms, especially for the high-pollution and high-energy-consuming ones, to invest in the mainland is on the wane because of the impact of the implementation of the mainland's macro-economic control policy. Nevertheless, the electronics firms are still increasing investments in the mainland because of the investment incentives offers by mainland's county- and city-level governments
The number of small-scale mainland investment cases of less than US$200,000 each totaled 511 with investment value amounting to US$44.05 million in the first eight months of this year, said the Investment Commission
The commission's tallies showed the number of approved applications for overseas Chinese and foreigners to invest in Taiwan totaled 220, with the value reaching US$514 million in August. Such approved applications totaled 1,081 with an investment value reaching US$8.883 billion in the first eight months of this year, up 53.33% and a whopping 282.35% year-on-year
One of the largest investment cases from overseas Chinese and foreigners to invest in Taiwan belong to the Japan-based Komatsu Electronics Corp., who applied to invest US$39.247 million in Taiwan's Komatsu Electronic Materials Co.
Copyright 2006 China Economic News Service. Source : Financial Times Information Limited (Trademark)
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