 2003-10-30 |
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(Reported by Peng Xuan-Yi, Taipei, China Times) OTC-listed plastic company YC (4306) plans to increase its stake in its mainland China factory to over 50% by next year. Even with the expansion of capital to NT$800 million after the conversion of convertible bonds next year, the company expects its earnings per share to remain at around NT$3 for the year. Internally, YC is also planning to apply for a listing on the main board next year.
Additionally, considering future investments in new BOPP and BOPA production lines, YC plans to conduct another cash capital increase next year, raising its capital to NT$1 billion.
YC is the only successful company in Taiwan’s downstream adhesive tape industry to establish a vertically integrated operation across upstream, midstream, and downstream sectors. A new BOPP production line at the mainland factory will be added by the end of January, increasing monthly capacity to 4,800 tons. Moreover, the construction of a BOPA plant in Zhangbin, set to begin production in the second quarter of next year, will have a planned capacity of 400 tons per month. Combined, the revenues from YC's factories in Taiwan, China, and Vietnam are projected to rise from NT$3 billion this year to NT$5 billion next year, marking a 66% growth. |
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