 2015-06-19 |
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June 17, 2015, 19:03 - Wang Yushu
The leading tape manufacturer YC Group has passed its leadership to professional managers. President Li Zhixian has stepped down from his roles as Chairman of ACHEM and Newzhou Global, transferring these positions to CEO Lin You-sheng and General Manager Jiang Wenrong, respectively. The two new chairmen met with the media today, with Lin pledging to maintain ACHEM’s global leadership in OPP (oriented polypropylene) film tape, while Jiang emphasized his goal to make Newzhou the largest packaging materials distributor across the Taiwan Strait.
Both new chairmen are long-time members of the group: Lin You-sheng has been with the company for 27 years, and Jiang Wenrong for 23 years, making their appointments a natural transition. Li Zhixian’s elder son, Li Shuwei, currently oversees Wang Chou Construction, while his younger son, Li Qizheng, serves as Vice President at Wan Chou Chemical and ACHEM. Li Zhixian believes his sons are still young and will continue to gain experience before taking on broader responsibilities within the group.
ACHEM, acquired by Li Zhixian in 2009 and integrated into YC Group, focuses on the tape industry. In recent years, the company has been vertically integrating its operations across the Taiwan Strait. Lin You-sheng stated that the production line for OPP film tape is being relocated from the Jiading plant to the Ningbo plant, with capacity expansion at the Zhangbin plant, as well as facilities in Vietnam, Foshan, and Yangmei. The goal is to increase monthly production capacity from 170 million square meters to 200 million square meters within two years, expanding the current global market share from 7-8% to 10%, solidifying its position as the global leader. PVC production capacity is also set to increase from 18 million square meters to 22 million square meters, aiming for a global market share of over 20%, making it the second-largest globally.
ACHEM’s growth is expected to become evident next year, though preliminary results may be seen in the third quarter of this year. Lin mentioned that as the Haian plant begins to ramp up production, profits are anticipated to grow in the fourth quarter or early next year. For PE products, increased shipments from the Yangmei plant are expected to drive performance in the fourth quarter, with overall annual operations projected to exceed last year’s results.
Newzhou, acquired by the group a year later than ACHEM, was formerly known as Tianchi Technology, which provided basic computer and cloud system services. After Li Zhixian’s acquisition, the company was renamed Newzhou Global. Besides retaining its cloud computing business, Newzhou established its own packaging materials retail brand "Bao Dashi" and manages the group's logistics and distribution businesses.
Jiang Wenrong is committed to making Newzhou the largest packaging materials distributor across the Taiwan Strait. He noted that the company will focus on expanding its presence in North, East, and South China, targeting high-end markets such as China’s optoelectronics industry. In the second half of the year, Newzhou plans to aggressively pursue the Chinese market, collaborating with major retailers, manufacturers, and e-commerce platforms. The company will also integrate existing distribution channels with cloud services to offer comprehensive cloud system planning and maintenance services to existing clients, aiming to expand new revenue sources. |
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