 2015-01-22 |
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Rising Demand for Capacitor Films in China: Positive Outlook for Nan Ya and YC
January 22, 2015, 04:10
Reporter: Peng Xuan-Yi
In recent years, China's production of capacitor films has been continuously increasing. During the 11th Five-Year Plan period, the compound annual growth rate of polypropylene electronic films for capacitors in China exceeded 15%. With the push from new energy vehicle policies, it is estimated that by 2020, China's polypropylene film capacitor industry will surpass 13 billion yuan. This has drawn attention to the domestic strategies of Nan Ya (1303) and YC (4306).
Taking the automotive sector as an example, a major application area for polypropylene film capacitors, China's annual vehicle production and sales have consistently exceeded 20 million units, with a total vehicle fleet nearing 150 million. Especially with the development of new energy vehicles in China, the voltage and impact resistance characteristics of film capacitors make them particularly suitable for use in the electrical environments of new energy vehicles.
Nan Ya is increasing its investment by $500 million through its subsidiary, Taiwan Hsing Yieh, to launch projects in polyester filament, BOPP, spinning, cogeneration, and PS, thereby enhancing its operational capabilities.
The YC group has tape production bases in Taiwan, China, and Vietnam, with BOPP and PVC tape production both ranking second globally. Among these, there are seven BOPP production lines across Taiwan and China, with Taiwan's four lines producing a total of 8,200 tons per month, and China's three lines producing a total of 5,000 tons per month. Taiwan's contracts with clients like 3M have contributed to stable and strong profit margins. |
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