INVESTMENT
<strong>Firms to invest NT$2.2bn</strong>
The Ministry of Economic Affairs yesterday approved two investment proposals totaling NT$2.2 billion (US$79.6 million) from Superrite Electronics Co (新秀波磁能) and Chang Jiang Frozen Foods Co (強匠冷凍食品). Superrite, which makes ferrite-based products and electronic ceramics, plans to spend NT$400 million on expanding its smart manufacturing capacity in New Taipei City’s Sansia District (三峽) and Taoyuan’s Dasi District (大溪), with an aim to reduce its reliance on its Chinese production lines. The investment is expected to create 41 jobs. Chang Jiang, which supplies frozen foods to convenience store, restaurant and supermarket chains, plans to invest NT$1.8 billion to