Japanese optical glassmaker Ohara Optical Co. is expected to invest TWD 400 million (USD 13.2 million) in a 3.29 hectare new subsidiary, where one third of its glass melting production will be moved.
Japanese optical glassmaker Ohara Optical Co.’s new investment project in central Taiwan has been approved by the National Science Council.
Ohara, with a 50% domestic market share, is expected to invest TWD 400 million (USD 13.2 million) in a 3.29 hectare new subsidiary in the Huwei branch in Yunlin County of the Central Taiwan Science Park, according to the park administration and the company’s senior managing director, Hitoshi Sekido.
One third of Ohara’s glass melting production will be moved to the new factory after scheduled operations begin in 2013, said Sekido, adding that, since 40% of the world’s digital cameras are made by Taiwan-based manufacturers, in the future, the products will be sold to both Taiwan and overseas markets.
The Ohara subsidiary is expected to bring great benefit to local industries related to precision optical machinery and help lower their production costs, said Yang Wen-ke, director-general of the Central Taiwan Science Park.