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Nan Ya Plastics' Revenue Soars 45% in July

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Nan Ya Plastics (TPE:1303) consolidated revenue jumped 45% year on year to NT$30.6 billion in July,

Monthly, the figure was up 13%, hitting a 49-month high, according to a Friday Taiwan Exchange filing.

The company attributed the jump to strong demand for electronic materials used in AI and cloud computing.

The company said electronic materials accounted for 57% of total sales, supported by higher selling prices, capacity utilization above 90%, and increased shipments of high-end materials.

Revenue also rose across its chemical, plastic processing and polyester businesses due to inventory replenishment, recovering demand and higher raw material prices.

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