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4720 TEX YEAR
Tex Year Industries Inc. ‧Stock Code 4720
Reporter:
Donald Hsiao
General Manager
12/29/2017
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4720 TEX YEAR
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Company Profile Operating Performance
Eco-friendly Trend and Product Industry Development
Global Allocation
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4720 TEX YEAR
4720 TEX YEAR
Company File
TEX YEAR INDUSTRIES INC. ■ Stock Code：4720
■ Established on: June 28, 1976
■ Listed to Taiwan Share Market：June 24, 2015
■ Founder：Shih-Kuang Lue、Chin-Tsung Hsiao
■ Chairman of the Board：Chi Chen Lin
■ General Manager: Hsiang Chih Hsiao
■ Capital: NTD $885,767,090
■ Address: No.9, Wuquan 6th Rd., New Taipei Industrial Park, New Taipei City 24889,Taiwan (R.O.C.)
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4720 TEX YEAR
Our Core Values
Eco-Friendly
Implementation of Social Care Promoting Environmental Protection
Trusted
International Certification Recognition Implementation of Green Supply Chain
Innovation and Customer Values Innovative Technical Services
Innovative
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4720 TEX YEAR
Our Vision
Bonding Dedicated People Gluing Sincere Corporates Creating a Wonderful Life
We Bond to Your Needs!
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Company Profile
Operating Performance Eco-friendly Trend and Product
Industry Development Global Allocation
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4720 TEX YEAR
2017 1-11 Group sales revenue analysis
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2015 1-11 2016 1-11 2017 1-11
Other product Special Chemicals Hot melt adhesive
2,215,891 2,367,477
2,562,175
NTD thousand
8 % 7 %
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4720 TEX YEAR
2017 1-11 Consolidated sales revenue -by region
Asia-Mainland
44.32%
Asia- Others 29.66%
America 9.39%
Europe 7.62%
Others 9.02%
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4720 TEX YEAR 2017 1-11 Consolidated sales revenue
-by product
Hotmelt Adhesive
79%
Special Chemicals
14%
Other Products 7%
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4720 TEX YEAR 2017 11 Accumulated
Consolidated profit and loss
Item Amounts
Consolidated sales 2,562,175
Operating profit 41,099
Profit before tax 40,259
NTD thousand
Note： Above amounts haven’t been audited by CPA.
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4720 TEX YEAR
Jiangsu Yancheng New Plant Completed 4720 TEX YEAR
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4720 TEX YEAR
Jiangsu Yancheng Plant Highlights
First stage planned capacity: 8,000 Tons/year
Production automation control. Parameters collection analysis with Big Data.
■ Utilize advanced production equipment imported from Europe and US. Automated production. Robotic Arm packing piles.
■ Green architecture :
Gas recycling
High level effective dust removal equipment
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Company Profile Operating Performance
Eco-friendly Trend and Product
Industry Development Global Allocation
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4720 TEX YEAR
Industry trends
Strict environment protection regulations
Green products
Production automation Industry 4.0
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4720 TEX YEAR
Green environmental protection trend. Sustainable development. Reduce carbon footprint. Tex Year makes effort to R&D with complete hotmelt adhesive products in application of each major industries
For all EU entering Tex Year “hotmelt adhesive” products, we trace upstream supplier and request each REACH certificate, no matter where the origins are, in order to meet REACH requirement.
REACH REACH, a regulation of EU, standing for registration, evaluation, authorization and restriction of chemicals.
RoHS RoHS Requirement of hazardous substances
All Tex Year hotmelt adhesive series products sent to SGS for “RoHS hazardous substances item” testing. All hotmelt adhesive passed and met RoHS requirement.
VOC/Odor Global environmental protection consciousness awakes. Low odor. Low VOC product.
EU/REACH/RoHS Request for solvent becomes more strict
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4720 TEX YEAR Environmental policy change of
Mainland China (world wide)
That encourages modified type, waterborne adhesive and new HOT MELT ADHESIVE; restricts newly-construction, reorganization and expansion of production facilities for solvent-based adhesive including styrene-butadiene rubber (SBR) adhesive, polyurethane adhesive and acrylic adhesive.
Resource：CATIA
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4720 TEX YEAR
4720 TEX YEAR VOC Standard Limit
Comparison of different regions
NO. Substance China standard limit (mg/m3)
New standard limit (mg/m3)
WHO limit (mg/m3)
Japan JAMA (mg/m3)
1 Benzene 0.11 0.06 -
2 Formaldehyde 0.1 0.1 0.1 0.1
3 Toluene 1.1 1 - 0.26
4 Xylene 1.5 1 4.8 (24hr) 0.87
5 Ethylbenzene 1.5 1 22 (1 year) 3.8
6 Styrene 0.26 0.26 0.26 0.22
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4720 TEX YEAR
Comparison
Hotmelt Adhesive Solvent Base Adhesive
Properties Impact Properties Impact
100% Solid content Eco-friendly Non 100%
Solid content Contains volatile substance, flammable , not Eco-friendly
No volatile solvent, extremely low VOC
Non-hazardous to human and environments
Volatile solvent, not conformed to VOC
rule
Hazardous to human and environments, toxic concern
Fast Curing, high efficiency
Optimize production process, save space, enhance productivity, save overall cost
Slow Curing, Low efficiency
Longer production process，require oven baking, requires more space
100% environmental components, non
hazardous
Compiled with all environmental rules
Hazardous raw material Toxic
Come in various formats, low transportation cost
Easy to transport and use, energy saving
Requires container, High transportation cost
Waste packaging and cost higher on transportation, not eco-friendly
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4720 TEX YEAR
Our Brand
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4720 TEX YEAR
Wide in applications and global market
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Company Profile Operating Performance
Eco-friendly Trend and Product
Industry Development Global Allocation
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4720 TEX YEAR
Hot Melt Adhesive Global Market
Asia 16%
China 34%
Europe 24%
America 26%
Source: 2015 China Hot-Melt Adhesives Forum
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4720 TEX YEAR Demand for hot melt adhesives is higher
than GDP
Source: Exxon Mobil estimates
Regional growth (%)
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4720 TEX YEAR
China hot melt market keeping growth
■ China hot melt market is huge. Annual growth rate is one of
the fastest in the world
■ The overall sales 2016 growth rate of hot melt adhesive was
11.74%
Source: 2015 China Hot-Melt Adhesives Forum
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4720 TEX YEAR
4720 TEX YEAR Hygiene market situation and tread in
China
Source:
Household Paper Baby Diaper Sanitary napkins Wet wipes Adult Diaper
Household paper and hygiene products increase (%)
2016 Increase (%)
Household Paper 3.9%
Baby Diaper 5.6%
Sanitary napkins 5.8%
Wet wipes 3.7%
Adult Diaper 10% Global Consumption of Hygiene Products and Household Paper in 2016 Retail Sales (Billion Dollars) / By Category
The global retail sales of hygiene products and household
paper will reached 1,685 billion U.S. dollars in 2016.
Household paper keep the largest market share
Adult diapers growing quickly and intensely
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4720 TEX YEAR
4720 TEX YEAR Emerging countries have great potential in
Non-woven industry
Source：Price Hanna Consultants LLC.
250
200
150
150
50
0
North America Western Europe
Japan
Middle East Eastern Europe Latin America
China India Asia-Pacific countries
except China
Africa
Potential amount
Actual amount
Global Diaper Penetration
Un
its:
Bill
ion
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4720 TEX YEAR
Custom bookbinding In China
Source: The fifth summit forum for 2015 China quick printing industry
Market trends in Custom bookbinding in China 2016
770C Spine glue for book binding
• Traditional print upgrade
• Marketing Promotion product
• Smart packaging product
Tread 1
• Resource Integration
• Cloud upload printing
• Mobile payment convenient
趨勢2 Tread 2 趨勢3 Tread 3
• Fast Printing Generation
• Fast response,
• Delivery immediately
• More than 100,000 shops in
China
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4720 TEX YEAR
Automotive adhesive market overview
North
America
40%
Europe
20%
Asia
Pacific
37%
Central
and
South
America
2%
AP automotive adhesive consumption
Japan
36%
China
31%
Korea
11%
India
4%
Others
18%
Global automotive adhesive consumption
• Average growth rate in the next five years about 4%
• China has ranked second in AP region
• 7% growth rate next year (f)
• Mature markets increase of 2% only, such as Japan
Total sales: 1.9 billion Euros Total sales:350 million Euros
Source：KMG(April 2015)/; The Global Adhesives Industry 2014-2019-A Multiclient Study
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4720 TEX YEAR Prospects and Market Trend of Automobile
industry in China
28-52 years old
Pursuit fashion and unique
First-tire and Second-tire cities
Source: http://auto.china.com.cn/
Female consumer demands increase
Market Expansion
People income increased
Wide range of age
Vigorous market demand
Humanize&
Personalized pursuit
Outlook New generation
people
Major developed cities
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4720 TEX YEAR Filter- Clean air industry
In addition to dust, pollen, mold, air pollutants, volatile organic compounds (VOCs) are common in the air, also there are more than 900 kinds of gaseous chemicals and particulate substances which are less than 2.5 microns (PM 2.5). Air pollution keeps getting worse over the last few years. With the growing market and high function request, industry use or home use filter is the future trend.
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Air filter with adhesive market overview ------Keep growing in Mainland China market
Global air filter adhesive area consumption
Total sales EUR 350 million
資料來源：KMG(April 2015)/; The Global Adhesives Industry 2014-2019-A Multiclient Study
North America
35%
Asia Pacific
34%
Europe31%
• Global air filter adhesive market is divided into three regions, of which mainland China has the largest market share in the Asia Pacific region .
• In 2014, sales in mainland China was about EUR 80 million. Expected growth rate remains at 9% for the next five years.
• Europe and North America are expected to grow by 2%.
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4720 TEX YEAR Global Industrial Filter
Market Growth Scale
229.0
307.8
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
2016 2017 2018 2019 2020 2021
CAGR=6.1% USD
million
Major market growth in manufacturing development is in Asia-Pacific, Middle East, Africa region.
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4720 TEX YEAR
EQUS Medical Infection Control Products -1
EQUS, as a professional autoclave manufacturer, focus on infection control field and makes use of its outstanding R&D technology and spectacular marketing team. Meanwhile, we introduces related products from Europe well-known brands to offer a full range of infection control solutions for sterilizing, disinfection, cleaning and validation service. Furthermore, EQUS autoclave has received the honor from the Taiwan Excellence Award three times continuously.
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4720 TEX YEAR
Electronic Market
Fridges,
freezers, etc.
new client
growth
White
Appliance
Industry
Large Size
Flat Panel
TV
Assembly
Automobile
Industry
Automobile
amp proof
application
Automobile
speaker
Application and
market share
growth
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4720 TEX YEAR
Our Brand
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Tex Year Industries Inc. is major hotmelt adhesive stick supplier of American consuming retail leading stores. Constant mass supply to North America market for over 15 years.
4720 TEX YEAR
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4720 TEX YEAR
Registered trademark in 1981 Famous Brand Pioneer of Hotmelt Adhesive
【Tex Year 3 Seconds．Hot Melt Adhesive EXPO】
【Hot Melt Adhesive．Tex Year 3 Seconds EXPO】
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Tex Year launches the first innovative product to market
Fast setting, no need to wait
No whitening, no irritating eyes and nose
TY promotes in DIY market
Low whitening adhesive
Super glue remover
The only registered trademark super glue in Taiwan“3 Seconds”
Fast repair or fix any kind of substrates
General purpose super glue
Low whitening super glue
Adhesive remover
2 parts expoxy adhesvie
Famous Brand Pioneer of Hotmelt Adhesive
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4720 TEX YEAR All series products can be purchased on
MOMO Shop
【Hot Melt Adhesive．Tex Year 3 Seconds EXPO 】
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4720 TEX YEAR
【 Tex Year 3 Seconds．Hot Melt Adhesive EXPO 】
All series products can be purchased on PChome Online
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Company Profile Operating Performance
Eco-friendly Trend and Product Industry Development
Global Allocation
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4720 TEX YEAR
5 R&D Centers
Global Allocation
Factories Worldwide 8 80+ Distributors in over 80 Countries
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© 2017 Tex Year Industries Inc.
We Bond to Your Needs!
43 © 2017 Tex Year Industries Inc.
We Bond to Your Needs!
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