Latest news with #contractmanufacturing
Bloomberg
22-05-2025
- Business
- Bloomberg
Samsung Biologics to Split Into Bio CDMO and Holding Company
Samsung Biologics Co. said it plans to carve its business into a contract drug manufacturer and a holding firm which will manage its subsidiaries through a spin-off. The new holding company, tentatively named Samsung Episholdings Co., will directly manage units including Samsung Bioepis Co., the South Korean contract drug maker said in a Thursday regulatory filing.
Reuters
21-05-2025
- Business
- Reuters
South Korea's Samsung BioLogics says it plans to split company
SEOUL, May 22 (Reuters) - South Korea's Samsung BioLogics ( opens new tab said on Thursday it plans to split the company between its drug contract manufacturing business, and a business overseeing subsidiaries including biosimilar drug developer Samsung Bioepis as well as new investments.
Yahoo
19-05-2025
- Business
- Yahoo
Duroply Industries Ltd (BOM:516003) (Q4 2025) Earnings Call Highlights: Record Revenue and ...
Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Duroply Industries Ltd (BOM:516003) achieved a significant milestone by crossing the 100 crore quarterly revenue benchmark for the first time, marking a 25.9% growth over the same period last year. The company's gross margins improved to 34.9% this quarter, up from 33.1% in the same quarter last year, due to better raw material costs and a favorable product mix. Revenue from contract manufacturing saw a substantial increase, with a 36% year-on-year growth and a 32% quarter-on-quarter growth. The EBITDA margin for the quarter increased significantly, standing at 5.4% of sales compared to 1.4% in the same quarter last year. Duroply Industries Ltd (BOM:516003) has made strategic investments in expanding its sales team and marketing efforts, which have started to yield positive results in terms of revenue growth. The company's debtor days increased to 47 days from 39 days in the previous year, indicating a slower collection period. Inventory days rose to 165 days compared to 149 days in the previous year, which could tie up capital and affect cash flow. Despite improvements, the company's EBITDA margin is still lower than some peers, which have margins in the 9-10% range. The company faces challenges from raw material cost pressures, although some easing is expected later in the year. Duroply Industries Ltd (BOM:516003) operates in a highly competitive market with a significant unorganized sector, which still holds approximately 75% market share. Warning! GuruFocus has detected 6 Warning Signs with BOM:516003. Q: What percentage of sales is allocated to advertising expenses, and which regions are seeing aggressive advertising efforts? A: The advertising expense for this year stood at 3.8% of sales, which includes brand promotion activities and influencer programs. Over 60% of revenue comes from North India, where aggressive investments continue. Additionally, selected pockets in South and West India are targeted for aggressive marketing and sales force development. (Answered by CEO) Q: How long will it take for new markets to mature, and are there any new product lines introduced? A: It will take 2 to 3 years for new markets to mature and become significant players. The company introduced 10 ft plywood and fluted panel veneer sheets but is not planning major product line expansions currently. The focus remains on growing revenue from existing product lines. (Answered by CEO) Q: What is the revenue mix between B2B and retail, and how does it affect margins and working capital? A: 95% of revenue comes from B2B, primarily through dealers to home buyers and contractors. Margins are similar across segments, with a focus on the home buyer retail segment. The debtor days increased due to extraordinary sales growth, typically around 40 to 42 days. Inventory days are higher due to strategic investments in finished goods inventory. (Answered by CEO) Q: What is the outlook on raw material costs, and how have gross margins improved? A: Raw material costs are expected to soften in the latter half of the year due to increased focus on sustainable plantations. Gross margins improved due to a better product mix, slight easing of timber prices, and efficiencies in plant and procurement processes. (Answered by CEO) Q: How does the company plan to address the competitive intensity in the plywood industry? A: The main barrier to entry is securing shelf space with channel partners. The company focuses on maintaining strong relationships with quality channel partners, which is crucial for scaling beyond a certain size. The industry has seen large players struggle to enter or exit due to this challenge. (Answered by CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Japan Times
07-05-2025
- Automotive
- Japan Times
Hon Hai to make Mitsubishi an EV for Australia, New Zealand
Hon Hai Precision Industry has agreed to supply Mitsubishi Motors with an electric vehicle that will be manufactured in Taiwan, and sold in Australia and New Zealand by the end of 2026. The car will be developed by Foxtron Vehicle Technologies, a subsidiary of Hon Hai, and produced in Taiwan by Yulon Motor, Mitsubishi said in a statement Wednesday. Hon Hai's partnership with Mitsubishi makes the Japanese automaker its first major customer for its fledgling EV contract manufacturing business. The deal talks were first reported in March. The Taiwanese iPhone maker commonly known as Foxconn had previously approached Nissan, Mitsubishi's largest shareholder, to further its EV ambitions, but those discussions fell by the wayside as Nissan pursued an ultimately fruitless alliance with Honda. Jun Seki, the chief strategy officer of Hon Hai's EV business, visited Tokyo in April and was keen to ensure Japanese carmakers are aware of its willingness to assemble EVs for them, similar to how it makes PlayStations for Sony Group and iPhones for Apple. As the global automobile industry shifts rapidly toward battery-powered electric cars with advanced software, Hon Hai is betting legacy automakers will need help to make the transition. Still, it'll likely take years for Hon Hai to build a fully functioning automotive arm, Seki has said. In February, days before Nissan and Honda officially parted ways, Hon Hai said it was open to buying Renault's stake in Nissan. The Taiwanese company had approached both Japanese carmakers over potential cooperation, according to Chairman Young Liu. The Nissan-Honda tie-up, which was penned in December, originally included Mitsubishi. Mitsubishi also said Wednesday it plans to debut a new EV in North America in 2026 based on Nissan's Leaf, one of the world's earliest mass-produced electric cars. The announcement is part of Mitsubishi's broader product strategy for the United States through 2030. The carmaker said it's also considering opportunities to expand further in Australia.
