 2012-07-10 |
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In Q2, downstream plasticizer manufacturers have been conservative in their ordering. However, YC Group (4306) has shown solid performance with ACHEM (1715) maintaining stable revenue and the benefits of its packaging material distribution network becoming apparent. The group's consolidated revenue for the first half of 2012 was NT$9.412 billion, an increase of 3.17% year-over-year.
Taiwan's leading adhesive tape manufacturer, YC Group, reported a self-consolidated revenue of NT$1.423 billion for Q2 2012, down 4.56% from Q1's NT$1.488 billion and a 2.1% decrease from NT$1.453 billion in the same period last year.
The group's self-consolidated Q2 revenue was NT$4.808 billion, up 4.43% from Q1's NT$4.604 billion and a 0.39% increase from NT$4.789 billion year-over-year. For the first half of the year, consolidated revenue was NT$9.412 billion, up 3.17% from NT$9.123 billion in the same period last year.
ACHEM reported a self-consolidated revenue of NT$1.379 billion for Q2 2012, up 8.83% from NT$1.267 billion in the previous quarter and a 21.52% increase from NT$1.134 billion year-over-year.
YC indicated that the drop in international oil prices in Q2 led customers to adopt a more conservative ordering approach to mitigate inventory devaluation risks. Nevertheless, ACHEM's stable volume and pricing, coupled with the benefits of Xinzhou Global's distribution network, supported strong overall revenue performance.
Looking ahead, YC noted that the global economic outlook remains uncertain with weak demand expected in the second half of the year. It is anticipated that Q3 revenue for YC and ACHEM will remain steady. If oil prices stabilize and rebound, downstream stock replenishment needs may drive a recovery in the plasticizer market. |
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