Taiwan's shipbuilding output expected to top NT$50 billion for 2007

The production value of Taiwan's shipbuilding industry is expected to amount to NT$52 billion (US$1.6 billion) for 2007, up 21 percent over the year-earlier level.

This will mark the first time the country's shipbuilding output has topped NT$50 billion, predicting that the production value will further expand to more than NT$60 billion for 2008. For the first 11 months of this year, Taiwan's state-owned shipbuilder -- CSBS Corp., Taiwan -- saw its revenue amount to NT$26.2 billion and its pre-tax net profit hit a record-high of NT$4 billion. Taiwan's largest private-owned shipbuilder -- Jong Shyn Shipbuding Co. -- has invested an additional NT$1.75 billion in expanding existing shipyards and building new facilities this year, and the company's annual turnover is expected to increase to NT$4 billion after the completion of the project.
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