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Japanese Firms Plan to Set Up Backup Production Bases in Taiwan
http://www.marketresearch.asia/industry_analysis/124/1/Japanese-Firms-Plan-to-Set-Up-Backup-Production-Bases-in-Taiwan/Page1.html
By MarketResearch.Asia Group
Published on 07/5/2011
 
In an investment-solicitation trip to Japan last week, Yiin Chii-min, minister without portfolio, successfully won the pledge of two Japanese firms to set up plants in Taiwan as their overseas backup production bases. The two Japanese firms, one a semiconductor-equipment maker and the other an electronic chemical material supplier, plan o make investments totaling NT$600 million in value. One major motive for their investments is to escape power rationing plaguing Japanese plants in the wake of the March 11 earthquake devastating northeastern Japan. To speed up their production, the two firms will lease plant buildings for operation first before constructing their own plants. Executives of the two firms will come to Taiwan to visit related government agencies for their investment plans by the end of this month.

In an investment-solicitation trip to Japan last week, Yiin Chii-min, minister without portfolio, successfully won the pledge of two Japanese firms to set up plants in Taiwan as their overseas backup production bases.

The two Japanese firms, one a semiconductor-equipment maker and the other an electronic chemical material supplier, plan o make investments totaling NT$600 million in value. One major motive for their investments is to escape power rationing plaguing Japanese plants in the wake of the March 11 earthquake devastating northeastern Japan. To speed up their production, the two firms will lease plant buildings for operation first before constructing their own plants. Executives of the two firms will come to Taiwan to visit related government agencies for their investment plans by the end of this month.

Meanwhile, representatives of the Institute for Information Industry (III), who joined Yiin in the Japanese trip, signed five memorandums of understanding for cooperation with Japanese gaming firms for the R&D of digital contents and digital animated cartoons. The Japanese firms include Capcom, Konami, Namco Bandai Games, and Square Enix. The MOUs will help Japanese and Taiwanese gaming firms to tap the greater Chinese market jointly.

Before his Japanese trip, Yiin revealed in a speech at National Chengchi University that attracted by the business opportunities related to the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), a number of major Japanese firms have decided to expand their investments in Taiwan, including Okuma, Japan`s second largest machine-tool maker, and Canon, a leading camera brand in Japan. The latter plans to switch over 50% of its capacity for lens production to its plants in Tantz export processing zone in Taichung City, central Taiwan.

source & copyright: CENS