Export processing zone investment increases by 36%


CNA

TAIPEI–Investment in Taiwan’s export processing zones (EPZs) in 2011 had reached NT$69.5 billion (US$2.3 billion) as of Oct. 31, posing an annual growth of 36 percent, despite a global slowdown due to the eurozone debt crisis, according to statistics released by the Export Processing Zone Administration Friday.

The investment has surpassed the administration’s target goal of NT$58 billion for this year, said Sheng Jung-chin, director-general of the administration under the Ministry of Economic Affairs.

Sheng described the performance of all nine EPZs and industrial parks managed by the administration in attracting investment this year as “remarkable.”

Taking the second Nantze EPZ in the southern city of Kaohsiung as an example, he said in the three months since its inauguration in September, 61 percent of available land has been leased out.

Among investment applications in the second Nantze EPZ, an investment project worth NT$28.2 billion by the ASE Group to build two production bases has attracted the most attention. Construction is scheduled to begin before the end of the year, according to Sheng.