 2015-06-19 |
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June 17, 2015, 21:39:03 - United Daily News, Reporter Qiu Guan-ren / Immediate Report
YC Group, a leading tape manufacturer, has launched its succession plan. President Li Zhixian has stepped down from the chairmanship of ACHEM and Newzhou Global, passing the baton to Lin You-sheng, the CEO of ACHEM, and Jiang Wenrong, the General Manager of Newzhou Global. This move signals the company's transition into an era of professional managerial governance.
Li Zhixian, President of ACHEM Group, stated that both ACHEM and Newzhou are currently performing well. By appointing experienced professionals familiar with the market to management positions, the group aims to drive sustainable development. Lin You-sheng, 60, previously handled business in Japan for ACHEM, while Jiang Wenrong, 46, brings over 20 years of business experience. ACHEM and Newzhou will shift from a production-focused to a sales-oriented approach to invigorate performance.
ACHEM's OPP film tape production capacity is the largest globally, and its PVC capacity ranks second. Lin You-sheng noted that OPP currently accounts for about 55% of the company's revenue. The company operates five plants in Zhangbin, Yangmei, Dalou, Foshan, Ningbo, and Ho Chi Minh City, with a total monthly production capacity of 170 million square meters.
Lin You-sheng mentioned that in recent years, the company has integrated operations across the Taiwan Strait. The goal is to increase OPP monthly production capacity to 200 million square meters within two years and to expand PVC tape production from the current 18 million square meters to 22 million square meters. This will achieve global market shares of over 10% for OPP and over 20% for PVC, with gross margins expected to improve by 1 to 2 percentage points.
Jiang Wenrong noted that Newzhou Global's two main businesses are packaging materials and cloud channels. Currently, the company’s markets across the Taiwan Strait are stable, and overall profits this year are expected to exceed last year's. The future goal is to combine channel and production advantages to make Newzhou the largest packaging materials distributor across the Taiwan Strait. |
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