Taichung EPZ's Annual Revenue Drops to NT$79.7 Bn. in 2013

Dampened by slowdown in the local optoelectronic and electronic industries, Taichung Export Processing Zone (EPZ) saw its revenue generated by resident enterprises drop 16% year-on-year (YoY) to only NT$79.7 billion (US$2.88 billion) last year, according to the its administration.

Of the 45 resident enterprises last year, 30 were engaged in optoelectronics, totally generating revenue of NT$71.24 billion, down 18% YoY, making up over 90% of the zone's overall revenue. Withdrawal by two firms this year has cut the resident enterprise number to only 43.

As to outlook this year, the administration noted that annual revenue generated by resident enterprises is expected to grow briskly, based on rise of cloud computing, increasing application of electronics in cars and communication technology advancement, which are likely to drive growth of local optoelectronics and electronics manufacturers in the short term.

Notable is that among resident enterprises, Lingsen Precision Industries Co., Ltd., a leading semiconductor tester and packager who operates five factories in the EPZ, will expand one of the plants. The firm has been  negotiating with the EPZ administration to acquire needed land of some 8,700 square meters. The expansion will surely help boost the zone's overall performance in the near future. (SC)