 2014-01-10 |
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Central News Agency Reporter: Wei Shu / Taipei
The YC Group (4306) continued to see growth due to new production capacities coming online. In December 2013, the group's consolidated revenue reached NT$1.6 billion, a 10.43% year-over-year increase. For the full year of 2013, the consolidated revenue was NT$19.6 billion, reflecting a 6% year-over-year growth.
ACHEM Chemicals (1715) reported a consolidated revenue of NT$10.572 billion for the year, up 6.1% from the previous year. For December 2013, ACHEM’s consolidated revenue was NT$907 million, a 16.18% increase year-over-year.
YC indicated that the revenue growth in December was driven by the new production capacities. ACHEM Chemicals benefited from expanding its product line and developing new product applications, which improved its profitability structure and continued to drive revenue growth. Additionally, Xinzhou Global saw performance improvement due to the year-end procurement peak, contributing significantly to the group's revenue.
ACHEM Chemicals has been expanding its production capacity in response to the surge in demand for PVC adhesive tape in China. The company is actively investing in high-margin automotive tapes and niche products. The proportion of automotive tape products in total PVC tape revenue has significantly increased, with an expected more than doubling of growth this year.
ACHEM added four new PVC production lines from late last year to early this year. Additionally, the Hai’an Plan, expected to be completed by the end of the year, will see six PVC film calendaring machines and six PVC tape coating lines coming into production next year. The new capacity is expected to increase total PVC tape production by at least 20%. Moreover, integrating PVC film production is anticipated to enhance vertical integration benefits, reducing production and sales costs, and further boosting revenue and profitability.
Furthermore, ACHEM is also focusing on new product development. The PE coating line at the Yangmei plant, which is nearing completion, will be Taiwan's only vertically integrated PE protective tape production line. The new line is expected to add momentum to ACHEM’s overall operations when it begins production in the second quarter, with anticipated growth in revenue and profitability. |
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