 2010-02-11 |
|
|
Benefits of ACHEM Integration Evident, YC's January Consolidated Revenue Reaches NT$11.9 Billion, a 264% Annual Growth
(Reported by Lu Guan-Cheng, Cnyes News, Taipei)
YC (4306) announced today (11th) that its self-assessed consolidated revenue for January was NT$11.9 billion, a 264% increase compared to NT$3.27 billion in the same period last year. This significant growth is mainly due to the integration of ACHEM (1715) into the YC Group.
In addition to YC's own self-assessed January revenue of NT$3.47 billion, a 66.83% increase from NT$2.08 billion in the same period last year, subsidiary ACHEM reported a self-assessed January revenue of NT$3.15 billion, a 108.81% increase from NT$1.51 billion in the previous year. This pushed YC Group’s total self-assessed consolidated revenue to NT$11.9 billion.
YC explained that rising raw material prices led customers to increase inventory levels, a trend reflected in January’s revenue. Furthermore, last year’s Chinese New Year falling in January also contributed to the large year-over-year growth. Many well-known international companies have also significantly increased their confidence in ACHEM due to its stabilized management, leading to more stable orders compared to previous years.
YC noted that the strong performance of the construction and electronics industries has caused a surge in demand for PVC tape, creating tight supply. Additionally, demand for BOPP films and OPP tape has increased with the economic recovery. Due to the high raw material costs, sales prices have remained elevated, and plastic prices are expected to continue rising, leading to steady revenue growth. |
|
