 2003-10-30 |
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(Reported by Taipei, Industrial Times) OTC-listed plastic company YC (4306) will add a new BOPP (biaxially oriented polypropylene film) production line at its Ningbo, China plant by the end of this year. The economic scale of the two BOPP production lines is expected to gradually ramp up next year. Additionally, YC is fast-tracking the construction of its third plant in Zhangbin, Taiwan, which is expected to be completed by the end of the year. By the second quarter of next year, the company plans to add a new BOPA (nylon film) production line, boosting the total revenue of YC’s plants in Taiwan, China, and Vietnam to NT$5 billion next year, up from NT$3 billion this year, representing a 66% growth.
Despite an increase in capital to NT$800 million after the conversion of convertible bonds, with over 50% of the shares in the mainland China plant, YC expects its earnings per share to remain at NT$3 for the full year. The company is also planning to apply for a listing on the main board next year.
YC is the only company in Taiwan’s downstream adhesive tape industry to have successfully integrated vertical operations across the upstream, midstream, and downstream sectors. Its core products include film, resin, and adhesive tape. |
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