Czech companies deepen business relations with Taiwan
Czech companies have deepened their business relations with Taiwan
TAIWAN Business. EU l institutions6
SPECIAL 2024 T+T TECHNIKA A TRH
On her visit to South Korea and Taiwan,
Markéta Pekarová Adamová, President of
the Chamber of Deputies of the Parliament of
the Czech Republic, was joined by a hundred
Czech companies and organizations led
by the Czech Confederation of Industry
and Transport and the Czech-Taiwanese
Chamber of Commerce. The largest
business event of the visit’s schedule was
held in Taipei. The Confederation of Industry
and Transport worked with CIECA (Chinese
International Economic Cooperation
Association) to prepare the 18th annual
Czech-Taiwanese business council, which
was attended by over 200 people including
the Czech company representatives. As
part of this event, five Czech companies
representing the fields of healthcare,
engineering, energetics and ICT signed
a memorandum of understanding with
Taiwanese partners. This served to deepen
the cooperation between the partners.
“Czech companies have a lot to offer.
They are flexible, innovative, and they
have extensive experience on global
markets. Our delegation is full of
progressive, stable and prospective
companies that can offer Taiwanese
partners cooperation that will greatly
benefit both sides,” Jaroslav Hanák,
president of the Czech Confederation of
Industry and Transport, said in his opening
statement for the Czech-Taiwanese
business council.
For example, the company APEX
DYNAMICS CZECH s.r.o. has been closely
cooperating with a Tainwanese manufacturer
of planetary gearboxes and rack and pinion
gears for over a decade now. Over the
years, these products have built a strong
position for themselves on the Czech
market, and the company grew to become
one of the top three suppliers. Through
the memorandum, the company was able
to further solidify their business relations
with their Taiwanese partner and deepen
their technical cooperation in developing
propulsion systems for the automation of
Czech machines and businesses.
RAVEO s.r.o. signed a memorandum with
cpc Chieftek Precision Co., Ltd, with the
purpose of joining forces in the development
of business activities involving linear
bearings and designing new products that
would involve collaboration with Czech
subjects. The memorandum also bound
the companies to adjust product prices,
which have become a hotly debated topic in
light of the price hikes seen in recent years.
This step will allow Czech manufacturers and
customers to receive more enticing price
offers on linear drive units, in turn granting
them more competitiveness.
Another company that deepened their
relationship with their Taiwanese partners
was IBG Česko s.r.o., which is a prominent
manufacturer and integrator of battery
energy storage systems with branches
in Slovakia and Hungary. Based on
the cooperation agreement IBG signed
with SMS InfoComm, which now also has
a branch office in Czechia, the companies
plan to work together to create a recycling
center for lithium ion batteries in Czechia,
which would coincide with both companies’
ecosystem of a circular economy. As part
of their research project, IBG also involved
the academic sector with the inclusion of
the University of Jan Evangelista Purkyně in
Ústí Nad Labem and CHEMINVEST, which
will provide the project documentation for
the recycling line’s construction.
SMS InfoComm also signed a memorandum
of understanding with STIMVIA. Together
they want to participate in the production
and marketing of a product that is the first
clinically tested non-invasive closed loop
biofeedback treatment device in its class.
The innovative companies ICONTIO
and TaiDoc Corporation have a joint
interest in improving the healthcare of
their respective regions through the use
of cutting edge technologies and original
solutions. The two partners have agreed to
close cooperation and mutual support on
issues of common interest in the research
and development of technologies and
solutions in the fields of telemedicine and
social services or the care for people with
special needs, including the elderly.
A part of the delegation of Czech
entrepreneurs and representatives of
universities and local governments that
have joined the President of the Chamber
of Deputies on her visit will stay in Taiwan
until Wednesday, while the rest of the
group will be leaving at the end of the
week. The upcoming program for the
companies includes numerous business
meetings as well as the Smart City Summit
and Expo trade fairs.
misetaiwan.psp.cz
Czech Companies Have Deepened
Their Business Relations With Taiwan
Czech companies have now concluded meetings pertaining to their business missions
to South Korea and Taiwan. After completing the program in Korea’s Seoul and
Busan, the delegation of five Czech representatives for the healthcare, engineering,
energetics and ICT industries, traveled to Taipei, where one of their activities included
the signing of a memorandum of understanding with their Taiwanese partners.