Baoda's Revenue to Reach $860 Million After $90 Million Upgrade for Two Wuri Manufacturers

Two manufacturing firms in Taiwan's Wuri district are set to invest approximately $90 million to enhance their production capabilities and upgrade their operations. Baoda Precision Industry and Jilv Industrial are the companies involved in this significant investment aimed at boosting their competitiveness.

Baoda Precision Industry, a maker of specialized tools like torque wrenches, is poised for substantial growth. Following the approval of its land-use plan, the company anticipates its annual revenue to climb from $750 million to about $860 million. Baoda, established in 2000, also plans to create 35 new jobs as part of its expansion.

Jilv Industrial, founded in 1992, focuses on the research and development of medical equipment, including electric scooters, wheelchairs, and adjustable hospital beds. The company has recently expanded its product line to include high-end assistive devices for the elderly. Its "smart assisted toilet seat" was recognized as one of the top ten elderly-friendly technologies at a recent expo.

These investments reflect a broader trend among existing manufacturers in the Taichung region to upgrade equipment and develop new products. The local government supports these upgrades, recognizing the need for industries to adapt to advancements in AI, high-performance computing, and smart manufacturing. The land-use plan approvals are crucial steps for these companies to proceed with facility and operational planning.