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Taiwan's 2nd Largest Wire & Cable Firm to Invest in Mainland
Taiwan second largest electric wire and cable company plans to invest in the third generation (3G) mobile communications and optical fiber business in the Chinese mainland, according to the Taiwan local media.
Jack T. Sun, president and executive director of Taipei-based Pacific Electric Wire & Cable Group (PEWC), said its decision to invest in the mainland is no longer based on the consideration of cheap labor, but on its potential markets.
Because of the gradual maturity of the mainland market, now is good starting point for PEWC to invest there, said Sun at the "Cross-Strait Business Technology Cooperation Seminar" recently.
Sun explained that the discussions in telecom cooperation with the mainland counterparts is not only limited to the technical level, but also the securing of channels.
Coupled with the fact that the timetable to open its telecommunication market by the mainland, the PEWC will make its decision based on further observation, he said.
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