YC to Invest Over NT$2 Billion in Taiwan Next Year
2012-12-21
By Yih-Lang Chou, Economic Daily News, Real-time Report
Li Chih-Hsien, president of the YC Group, announced that the group's revenue next year will definitely surpass this year's. The investment in Taiwan’s Yangmei and Changbin plants is expected to exceed NT$2 billion, accelerating the completion of the group's integrated production plans across Taiwan and China.
Regarding cross-strait investments, Li stated that the Yangmei plant in Taiwan will introduce a new product, PE protective film, next year, extending the production line downstream to include adhesive tape processing, with an investment of about NT$1 billion. An additional NT$1 billion will be invested in the Changbin plant, bringing the combined investment in the two plants to over NT$2 billion. The new capacities are expected to be fully operational in the second half of next year.
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