 2012-12-17 |
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By Hui-Wen Chang, Liberty Times, Taipei
The Global Tape Forum was recently held in Taiwan for the first time, and Li Chih-Hsien, chairman of YC and president of the Taiwan Adhesive Tape Manufacturers Association, was especially delighted. He said that Taiwan's adhesive tape industry has gained international recognition, and with the global economy having bottomed out, now is the perfect time for factory expansion.
Li emphasized that YC Group has been actively expanding production over the past two years, taking advantage of the economic downturn. The group is increasing capacity simultaneously in Taiwan, Vietnam, and China, and next year’s revenue will certainly exceed this year’s. In Taiwan alone, investments in the Yangmei and Changbin plants will exceed NT$2 billion.
Although Taiwan's adhesive tape industry is only about 60 years old, compared to the global industry’s 160-year history, it has made significant progress. Well-known Taiwanese manufacturers such as YC, Lih Feng Jiing, ACHEM, Four Pillars, and Taibond have already penetrated global markets (with most exports still being OEM). Among these, BOPP and PVC tapes rank first and second globally in terms of production.
Li noted that, after years of effort, Taiwan's adhesive tape industry has developed its own distinct characteristics and has made its mark on the world stage. The fact that the Global Tape Forum was held in Taiwan for the first time is proof that the international community recognizes Taiwan's adhesive tape industry. It also highlights the domestic manufacturers’ ambition to connect with global peers and exchange market information.
Commenting on the global economic downturn, Li believes that with new leadership in China and the United States, political stability will follow, and the economy has already hit bottom. Given the current relationship between Taiwan and China, if China's economy improves, Taiwan will not be far behind. Although the economy has been tough in recent years, this is actually an excellent opportunity for expansion.
As a result, YC is moving forward with its expansion plans. The group will invest more than NT$2 billion in its Yangmei and Changbin plants in Taiwan, which is expected to create around 300 jobs in two years. Additionally, YC has acquired over 10,000 square meters of land in Vietnam to build a factory that will mainly produce packaging films and PVC (polyvinyl chloride) tapes. Monthly production of PVC tape is expected to reach 1.5 million square meters, and packaging film production is projected to reach 15 to 20 million square meters, primarily supplying the ASEAN market. |
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