Reported 12 months ago
As the global trend of supply chain shifting southward heats up, chemical companies in the ASEAN region are accelerating their operations, with Longxing (1717) and San Fu Chemical (4755) in Malaysia and Vietnam showing increased operating momentum. Longxing, Nan Bao (4766), and Materials-KY (4763) are also ramping up their efforts to enter the market. Longxing is strengthening its presence in the ASEAN, India, and North American markets with synthetic resins and special materials, while anticipating a steady recovery in demand for dry film photoresists and precision machinery with the PCB industry rebounding. To expand their business scope and increase production lines, Longxing's subsidiary in Malaysia is investing NT$1.495 billion to expand their glue coating production. San Fu Chemical expects a capacity of up to 4,000 tons at their Japan electrolysis plant this year, with an overall utilization rate of 80%. Their Vietnam gas and material plants are also seeing improved utilization rates, expecting double revenue growth and contributing to profits. Nan Bao's new plant in Chennai, India is set to start production by late 2025 or early 2026, focusing on agent production. Vietnam is planning to expand new production lines at the Da Nang plant area, seeking opportunities to expand product lines and applications through mergers and acquisitions. Materials-KY's Southeast Asian plant (filament) project is expected to be finalized by the end of the year, planning to establish a plant in Indonesia with an initial annual production scale of 10,000 tons, solidifying their presence in the Southeast Asian market.
Source: YAHOO