 2014-02-11 |
|
|
By Wang Guanning, Juheng.net, Taipei
YC Group (4306-TW) reported consolidated revenue of NT$1.587 billion in January, a month-on-month decrease of 0.89% but a year-on-year increase of 1.3%. Within the group, ACHEM (1715-TW) achieved consolidated revenue of NT$929 million in January, a month-on-month increase of 2.44% and a year-on-year increase of 8.62%, marking the second-highest revenue in its history.
YC noted that January's revenue benefited from the continued ramp-up of new production capacity. ACHEM, due to its expanded product line and development of new applications, saw improvements in its profit structure and sustained revenue growth.
ACHEM’s January performance benefited from strong shipments in overseas markets such as the Americas. Despite a dip in demand in the Chinese market due to the Lunar New Year, overall revenue remained high, reaching a record second-high level. This demonstrates the ongoing positive effects of the company's capacity expansion since last year.
This year, ACHEM plans to intensify efforts in the PVC tape market and actively invest in higher-margin PVC automotive tapes and niche products like 4G electrical protection tapes. It is anticipated that the automotive tape product line will significantly increase its share of PVC tape revenue by more than double.
On the other hand, ACHEM's "Hai'an Project," set to be completed by the end of the year, will see the addition of six PVC plastic film calendering machines and six PVC tape coating lines, which are expected to start production next year. The new capacity is projected to boost the total PVC tape production capacity by at least 20%. Additionally, the production of PVC plastic film and the investment in ACHEM Petrochemical’s acrylate production will enhance vertical integration synergies and reduce production and sales costs.
In terms of new product development, ACHEM's Yangmei plant’s PE coating line will be completed, making it Taiwan's only vertically integrated PE protective tape production line, with production expected to start in the second quarter.
Moreover, Xinzhou Global’s performance growth due to the year-end procurement season and the integration of the group’s packaging materials business continues to contribute to the group's revenue. |
|
