YC GROUP 炎洲集團

ACHEM Aims to Recover in the Second Half of the Year: Chairman's Strategy

2015-06-15

By Zhou Yilang, Taipei
YC Group's subsidiary ACHEM will hold its shareholders' meeting on the 16th. It is reported that group President Li Zhixian will step down from his roles as Chairman of ACHEM and Newzhou Global, handing over the positions to professional managers. Li will also outline the future operational plans for YC Group on the 17th.
YC Group indicated that starting from the first quarter of this year, crude oil prices have rebounded. With efforts to explore new export customers and enhance product applications and sales combinations to improve profitability, the construction sector is expected to benefit. The New Taipei Wang Chou MORE project is anticipated to begin recognizing revenue in the fourth quarter of this year. Sales of the premium products at Lin Kou Wang Chou are performing very well, surpassing 50%, and revenue recognition is expected to continue in the latter half of next year. These factors are anticipated to gradually improve future revenue and profitability.

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