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Article: TAIWAN SET TO INJECT NEW FUNDS INTO PLASTICS SECTOR.
- Article from:
- AsiaPulse News
- Article date:
- February 25, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAIPEI, Feb. 25 Asia Pulse - The Ministry of Economic Affairs is planning to earmark NT$49 million ($US1.39 million) to help promote and upgrade the plastics sector, the Industrial Development Bureau under the ministry said.
Affected by a number of downward factors such as serious labor shortages, increased costs associating with rising environmental protection awareness, a lack of upgraded technology and the 1997 Asian financial crises, the bureau said the output of Taiwan's plastics industry totaled NT$270.6 billion (US$7.73 billion) last year, down 11.4 percent from 2000, the largest fall in 15 years.