Sumeeko Being Approved Into Pingtung Export Processing Zone (EPZ)

The EPZ management office of Ministry of Economic Affairs of Taiwan held an investment approval meeting on Nov. 27, 2014 and allowed the investment application of 5 companies including Sumeeko Ind. Co., Ltd. The total investment amount reached about NTD1.9 billion, which can create 255 jobs.

 

Sumeeko invested NTD0.6 billion in the production of screws, nuts, screw nails, anchors, and semi-finished automotive components at Pingtung EPZ. Fasteners produced by Sumeeko are used as one of the critical parts of the automotive industry. On average, a car will need more than 2,000 screws and nuts, generally used on engines, suspensions, bodies, and interiors, etc. The automotive industry has a great demand for fasteners.

 

Sumeeko said that its major markets are USA, China, Japan, and Germany. It is also planning to tap into markets in Southeast Asia, spend more on R&D, and develop new manufacturing technology and new products with high added value, in order to increase its market share with a diverse range of products and high end manufacturing technology. The EPZ management office said that during the first 10 months of 2014 the total export value contributed by companies in the Zone reached USD11.96 billion, up 13.49% from year 2013. The surplus was USD4.26 billion and the total employees in the Zone has been over 80 thousand persons, up 6,050 persons from year 2013. The performance of EPZ in export, surplus, trade is remarkable, revealing continued and steady growth in the Zone. The office of EPZ will keep guiding the industry for upgrade as well as build a better environment for investment to offer companies in the Zone a sense of safety in operation.

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