 2015-06-19 |
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June 18, 2015, 04:10 - Commercial Times, Reporter Yuan Yanshou / Taipei Report
The leading tape manufacturer YC Group (4306) has launched its succession plan, handing over leadership to "professional managers." The appointments for the chairmanship of its subsidiaries ACHEM (1715) and Newzhou Global (3171) were announced on June 17. Lin You-sheng will take on the role of Chairman at ACHEM, while Jiang Wenrong will become Chairman of Newzhou Global.
YC Group is known for its complete upstream and downstream integration in the global tape manufacturing industry. Its main product is BOPP film, with a production line of seven, producing 160,000 tons annually.
In 2009, YC acquired the listed company ACHEM, which focuses on the tape industry. In 2012, YC established Wan Chou Chemical, producing acrylic acid, a key raw material for tapes. This move made YC the most integrated packaging materials company in the global tape industry.
To further integrate the industry chain, YC President Li Zhixian took over Tianchi Technology in 2010 and renamed it Newzhou Global. Newzhou retained its original cloud computing business and established the own brand and retail stores "Bao Dashi" for packaging materials, managing the group's logistics and distribution businesses.
Besides manufacturing, YC Group has also expanded into asset development. In 2005, it established Wang Chou Construction to develop projects in the Greater Taipei area and entered the Chinese real estate market. Additionally, it launched "Youguan," a luxury leisure hotel brand, marking its entry into the hotel market.
Li Zhixian stated that with ACHEM and Newzhou Global showing stable growth, the appointment of professional managers to lead these subsidiaries will allow YC Group to focus on talent development and company management systems, aiming to achieve sustainable business goals.
With oil prices stabilizing, Lin You-sheng, Chairman of Wan Chou, noted that the company plans to expand its OPP film tape production capacity from 170 million square meters to 200 million square meters within two years. PVC tape production will also increase from 18 million square meters to 22 million square meters. The vertical integration effect of the Haian project is expected to improve the gross margin by 1 to 2 percentage points. |
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