 2016-09-15 |
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September 10, 2016, 09:09 AM
[Reporter Wang Yi-xin, Taipei]
Taiwan's leading adhesive tape manufacturer, YC Group, announced its revenue performance for August. YC's revenue for August led the group with a significant monthly growth of 19.96%, while Achem and Hsinchu Global saw increases of 5.07% and 8.49% respectively compared to July.
YC (4306) reported consolidated revenue of NT$1.96 billion in August, an increase of 19.96% compared to July. Achem (1715), a subsidiary of the group, posted consolidated revenue of NT$950 million in August, up by 5.07% from July, while Hsinchu Global (3171) recorded consolidated revenue of NT$139 million, representing an 8.49% increase from July.
YC’s revenue growth in August was driven by stable growth in its adhesive tape and film industries, along with steady crude oil prices and gradually increasing export volumes in the adhesive tape sector. These factors contributed to the overall revenue rebound in August, achieving a 19.96% increase from the previous month. Looking ahead, if crude oil and raw material prices remain stable, the company’s operational performance is expected to hold steady.
Achem’s consolidated revenue of NT$950 million in August marked a 5.07% increase from July. Achem attributed this growth to rising demand in the Middle East and Americas markets, an increase in export orders, and stabilization in the Chinese market, coupled with a slight uptick in seasonal order demand, which all contributed to the overall revenue increase in August. Looking forward, with stable export and Chinese orders and the Hainan plant scheduled to begin mass production in the fourth quarter, Achem’s operational performance is expected to maintain steady growth.
Hsinchu Global's consolidated revenue for August reached NT$139 million, an 8.49% increase from July. This growth was supported by increased seasonal demand in Taiwan and a stable packaging material market, leading to a recovery in revenue. In mainland China, following customer structure adjustments in the first half of the year, the positive effects began to emerge in August. Looking ahead, the company expects trial orders and shipments from key large target customers to gradually increase, returning operations to a growth trend with anticipated monthly improvements in operational performance.
(Times Information) |
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