RETAILERS
<strong>FamilyMart plan approved</strong>
Taiwan FamilyMart Co (全家便利商店), the nation’s second-biggest convenience store chain, plans to invest NT$16.8 billion (US$592.7 million) to expand its logistics facilities amid a rise in online shopping, the Ministry of Economic Affairs said yesterday as it approved the company’s application to join the government’s “Invest in Taiwan” initiative. FamilyMart said it plans to expand its logistics capacity in Taichung, Hualien County and Hsinchu County’s Hukou Township (湖口). The new facilities are to start operations next year and in 2024. The company operates eight logistics centers in Taiwan. Part of the investment would be to install solar panels
Taipei, Feb. 28 (CNA) Heavy traffic has been predicted on freeways across Taiwan on Monday as people return home on the last day of the three-day 228 long weekend.
AU Optronics Corp (AUO, 友達光電) is planning to build an advanced flat-panel plant in Taichung, aiming for commercial production by 2025, the Hsinchu-based company said on Friday, as it reported a record net profit for last year, driven by strong global demand.
AUO chief financial officer Benjamin Tseng (曾煜智) told an investors’ conference that the company’s board had approved increasing its capital expenditure budget by NT$28 billion (US$1.01 billion) this year, part of which would be allocated to the construction of the new plant.
AUO expects an overall capital expenditure of NT$45 billion this year, Tseng said.
AUO chairman Paul Peng (彭?浪) said
Taipei, Feb. 12 (CNA) AU Optronics Corp. (AUO), one of the leading flat panel suppliers in Taiwan, said Friday that it will build an advanced plant in Taichung, aiming for commercial production by 2025.