 2015-02-11 |
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ACHEM’s January Revenue Reaches NT$935 Million, Down 1.7%
Economic Daily News, February 10, 2015
Reporter: Pan Yi-Ching
ACHEM (1715) announced that its January revenue amounted to NT$935 million, a 1.7% month-on-month decrease, but a 0.5% year-on-year growth. The company attributed this to the gradual recovery of its OPP production line at the Ningbo plant and the stabilization of the Chinese OPP market. In addition, steady exports to the U.S. and Japan helped the revenue recover to normal levels.
ACHEM expects that the gradual commissioning of its Yangmei PE plant and the Haian plant in China this year, coupled with the benefits of vertical integration, will lead to a steady growth trend in overall operations.
Xinzhou Global (3171) reported January revenue of NT$139 million, down 4.1% month-on-month and 6.8% year-on-year. Xinzhou stated that after consolidating its packaging materials business, it has seen increased operational efficiency in Taiwan. Moreover, Baodashi's performance in China has been improving and has started to show monthly profitability. The company plans to expand its operations in central and northern China, with future growth for Xinzhou Global expected.
However, YC (4306), the holding company of ACHEM and Xinzhou Global, reported January revenue of NT$1.588 billion, down 4.7% month-on-month and 1.8% year-on-year. The company mentioned that due to persistently low oil prices, the performance of its film business has declined, which has added operational pressure. If oil prices continue to drop, this will further increase pressure, making future revenue and profit growth challenging. |
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