BASF Makes New Taiwan Investment German multinational chemical producer BASF will begin doubling its production capacity of Uvinul® A Plus, an ingredient used for UVA protection in various sun and skin care formulations, with the introduction of a new production line at its Kaohsiung factory. BASF currently produces the ingredient at its site in Ludwigshafen,…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS Smart Manufacturing Alliance Established On October 6, two of Taiwan’s foremost industrial associations, the Taiwan Association of Machinery Industry (TAMI) and the Taiwan Electric and Electronics Manufacturing Association (TEEMA), announced the formation of the Taiwan Smart Manufacturing Alliance…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS Bicycle Manufacturers See Major Change of Fortunes in Second Half As markets in the West have successively reopened, skyrocketing demand for bicycles and components has left manufacturers in Asia scrambling to keep up. Orders are backed up through…

Taishin Acquires Prudential Taiwan Taiwanese financial services firm Taishin Financial Holdings announced in August its 100% acquisition of Prudential Life Insurance Company of Taiwan for NT$5.5 billion (US$186.24 million). The deal comes after a series of bids were submitted to purchase the New Jersey-based insurance company’s Taiwan subsidiary, which has a staff of 700 sales…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS FarEasTone and APT Sign 5G Deal FarEasTone (FET), Taiwan’s third largest telecom operator by market share, and Asia Pacific Telecom Co (APT) announced in early September that they will begin partnering to provide 5G services on Taiwan’s 3.5GHz…

AmCham Meets with  President Tsai AmCham Taipei Chairman CW Chin and several AmCham staff members met with President Tsai Ing-wen at the Presidential Office on August 18. Speaking with the group, President Tsai called attention to the deepening U.S.-Taiwan partnership in light of a bilateral memorandum of understanding (MOU) on health cooperation signed during the…