 2013-09-09 |
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Central News Agency
YC Group (4306) reported consolidated revenue of NT$1.61 billion for August, bringing the total revenue for the first eight months of the year to NT$12.96 billion, a slight increase of 1.94% year-over-year. Its subsidiary ACHEM (1715) posted August consolidated revenue of NT$0.90 billion, marking a month-on-month increase of 3.29%.
YC stated that ACHEM's operations remain stable, with a slight revenue increase in tape and related businesses. August revenue for ACHEM was NT$0.90 billion, up 3.29% from July, with cumulative revenue for the first eight months at NT$6.94 billion.
YC Group noted that its seventh BOPP film production line is now operational, with a monthly output of 5,000 tons in China and 8,200 tons in Taiwan. For PVC tape, the group's monthly production is approximately 20.75 million square meters. Due to a current shortage in the PVC market, ACHEM plans to add two new production lines in the second half of the year and will adopt a customized production approach to better meet changing order structures, potentially boosting revenue for this season.
Regarding expansion plans, YC's tape production bases are concentrated in Taiwan, China, and Vietnam. This year's expansion focuses on BOPP and tape production in Taiwan and Vietnam. Next year, ACHEM plans to begin mass production of upstream petrochemical material acrylic acid in China starting February.
Additionally, YC's subsidiary Wangzhou Construction has launched the Wangzhou Premium project in Linkou and, in late August, introduced the Wangzhou More project in New Taipei City's Xinzhuang District, targeting the small-sized residential market for office workers. Looking ahead to Q4, with increasing market demand and the ramp-up of production lines, YC anticipates stable growth in revenue for tape, film, and packaging businesses, with promising profitability. |
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