The Taiwan Sugar Company, or Taisugar, is eyeing up investment opportunities in Southeast Asia. The state-run company is responding to the government’s New Southbound policy to boost Taiwan’s trade ties in the region.
Taisugar’s general manager Kuan Tao-yi said Friday that the company has been in talks with authorities in Indonesia since last year. Kuan said Indonesia has a shortfall in sugar manufacturing of 2.5 million tonnes a year for the domestic market. He said Taisugar would be interested in setting up a factory there if the right location to grow sugar cane can be identified.
“We’re hoping the Indonesian side can provide us with some land suitable for growing sugar cane. We’re looking for an area of around 50,000 hectares. We’ve identified a number of potential spots from the end of last year until now and we’ve looked at them. We haven’t yet found quite the right location but we’re still talking [with the Indonesian side]. If the right plot of land comes up, I think we will be able to move more quickly onto talks about a possible cooperation,” said Kuan.
The New Southbound policy is a plan to enhance Taiwan’s trade and cultural exchanges with countries in South and Southeast Asia, as well as Australia and New Zealand.
Source: Radio Taiwan International