 2014-10-09 |
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Economic Daily News - Reporter Pan Yiqing
The tape manufacturing giant, ACHEM Chemical, reported September revenue of NT$872 million, a 2.9% decrease compared to the same period last year and a 4.3% month-over-month decline. The company attributed the September revenue drop to reduced production and sales resulting from the relocation of its manufacturing facilities. Additionally, some overseas customers delayed their orders due to inventory adjustments. It is expected that operations will return to normal by mid-October.
For the first three quarters of this year, ACHEM Chemical’s cumulative revenue reached NT$8.27 billion, marking a 6.23% increase compared to the same period last year.
Looking ahead to Q4, ACHEM Chemical anticipates improved performance due to increased shipments of PVC tapes (automotive and protective types), the launch of new PE (polyethylene) products, and steady growth in specialized businesses. Operations are expected to gradually return to high levels.
Additionally, Xinzhou Global will continue to expand its packaging material channels in Taiwan and mainland China. As ACHEM Petrochemical's production capacity gradually increases, the parent company, YC, is expected to benefit from the growth of these three subsidiaries. Future revenue and profitability are projected to grow steadily.
YC announced a consolidated revenue of NT$1.718 billion for September, a slight increase of 4.85% compared to the same period last year. For the first three quarters of this year, cumulative revenue reached NT$15.12 billion, a 3.79% increase year-over-year. |
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