 2013-12-21 |
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Commercial Times / Reporter Peng Hsuan-Yi, Taipei
With the global and Chinese economies recovering, the downstream plastic giants ACHEM (1715), Evermore (1323), and F-Recycle (1337) are accelerating their growth in the Chinese market, continually increasing production and investment. Evermore, benefiting from China’s urbanization policies, has completed the construction of new factory buildings at its Rende plant, speeding up operations. F-Recycle’s new factory in Jiangsu, China, with a designed capacity of 210,000 cubic meters, is expected to begin production in the first quarter of next year.
YC's subsidiary, ACHEM, has completed the installation of a new PVC production line, and with the new PE plant set to start operations next year, the company is positioned for further growth. YC's investments in the first phase of its Shanghai petrochemical project include an annual production capacity of 80,000 tons of acrylic acid, 80,000 tons of butyl acrylate, and 20,000 tons of glacial acrylic acid. These projects are scheduled to be completed and operational by February next year.
Evermore’s product line includes plastic bottles, straps, tubes, and caps, and the company has been actively developing high-margin cosmetic containers. With the completion of the new factory at the Rende plant, Evermore is well-positioned to meet China’s domestic demand and secure certifications for pharmaceutical packaging materials.
F-Recycle focuses on recycling EVA and PE plastic scraps, primarily serving the domestic Chinese market. Its EPS for the first three quarters of this year reached NT$5.29. The Jiangsu plant in China is expected to begin mass production in the first quarter next year, and the expansion of the Fujian plant with the addition of 40 new production units will enhance performance starting from the peak season in the fourth quarter of this year, driving growth into next year.
YC Group’s adhesive tape production bases span across Taiwan, China, and Vietnam, with both BOPP and PVC tapes ranking second globally in production volume. In recent years, ACHEM has continued investing in Vietnam to capture opportunities in the adhesive tape market. This year, ACHEM’s Vietnam plant added 85 million square meters of OPP capacity and 20 million square meters of hot-melt adhesive systems and PE protective film, further strengthening its revenue structure.
Moreover, ACHEM plans to launch the "Hai'an Project" in Nantong, China, next year, covering 300 acres and aiming to build the largest adhesive tape factory in Asia. The second phase of the tape project involves a total investment of approximately US$100 million. The first phase, with an investment of US$60 million, will establish six PVC film production lines and six PVC tape production lines. The initial stage will include two PVC film calendering machines and two PVC tape coating lines, with production expected to begin by the end of next year, increasing total PVC tape capacity by 20%. |
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