 2011-05-18 |
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"Plastic Stocks" – Yih-Lang Chou (YC) Expands with 20 Store Openings, Seizing Opportunities in Packaging Material Retail Channels
May 18, 2011
In its effort to capture packaging material retail channel opportunities across the Taiwan Strait, Yih-Lang Chou (4306)'s subsidiary, Xinzhou Global, launched its professional chain packaging material retail stores under the "Master Pack" brand. Following the establishment of stores in Taishan, New Taipei City, and Zhongli, Taoyuan, the company opened its first retail store in Shanghai, China, in April. In May, it expanded with three more locations in central Taiwan, and in July, it plans to enter southern Taiwan as part of its goal to open 20 stores across both regions this year.
Currently, "Master Pack" operates five stores in Taiwan, with plans to expand to 10 locations by the end of the year. The annual revenue target for Taiwan alone is NT$150 million. In China, with the headquarters based in Shanghai, the company plans to establish outlets in Guangdong, Zhejiang, and Jiangsu within the next year.
Yih-Lang Chou stated that since the establishment of the "Master Pack" retail channels, it has shifted from operating 60 wholesale branches across Taiwan to a B2C supply model, targeting both the wholesale and retail markets. With the accelerated expansion of channels in both Taiwan and China, the company aims to capture a share of the NT$10 billion packaging material market annually.
(Source: Industrial and Commercial Times – Reporter Peng Xuan-Yi, Taipei) |
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