 2015-06-15 |
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YC Group Initiates Succession Plan: Li Zhixian to Hand Over ACHEM and Newzhou Global Chairmanship to Professional Managers
By Zhao Xiaohui, Taipei
Leading tape manufacturer YC Group has recently initiated a succession plan. President Li Zhixian will step down from his roles as Chairman of ACHEM and Newzhou Global, passing these positions to professional managers. The official announcement of the new appointments and future operational vision is expected on Wednesday, the 17th.
YC Group is one of the most comprehensive vertically integrated tape manufacturers globally. Founded by Li Zhixian in 1978, the parent company YC focuses on BOPP film production, with seven production lines and an annual output of 160,000 tons.
Li Zhixian acquired the publicly listed ACHEM in 2009 and integrated it into the YC Group to focus on the tape industry. In 2012, he established Wan Zhou Petrochemical, which produces acrylic acid, a raw material for tape, making YC the most vertically integrated packaging materials provider in the global tape industry.
To further enhance vertical integration, YC established Newzhou Global in 2010. Originally a small industrial computer company named Tianchi Technology, Newzhou Global was rebranded after Li Zhixian's acquisition. It retained its cloud computing business while establishing the "Bao Dashi" brand for packaging materials and managing the group’s logistics and distribution services.
Beyond manufacturing, Li Zhixian has expanded into asset development. In 2005, he founded Wang Chou Construction, focusing on projects in the Greater Taipei area and expanding into the Chinese real estate market. He also established the "Youguan" boutique leisure hotel, entering the hospitality sector.
Today, YC Group is one of the largest PVC and OPP tape manufacturers globally, with total assets amounting to 35 billion NT dollars. The company’s diverse business interests span six major sectors: films, tapes, packaging materials, hospitality, real estate development, and cloud information distribution.
YC Group reports stable development for ACHEM and Newzhou Global in recent years. The chairman positions of these two subsidiaries will be handed over to professional managers, and YC Group will focus on talent cultivation and management systems to achieve sustainable business goals. |
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