Corporate Milestone

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Time Events Summary
July 1988
The story was started as "gathering specialists and creating great enterprise". By the former chairman Mr. Spacer Cheng, ACELON CHEMICALS & FIBER CORPORATION was founded with paid-in capital USD450.000.00.
Nov. 1988
Bought Pu Yan factory (5,400 square meter).
Mar. 1988
Increased paid-in capital to be USD1.5 million. Started to design and construct production line of Pu Yan factory.
Apr. 1988
Set up three texturing machines with monthly air textured yarn capacity 100 tons. Business herein started.
Sep. 1989
Increased paid-in capital to be USD1.8 million. Set two more texturing machines with monthly air textured yarn capacity 60 tons.
Apr. 1990
Increased paid-in capital to be USD3.6 million in order to set up flat yarn machines of Pu Yan factory.
Apr. 1990
First production line of flat yarn was set up and run successfully. It's the first process with high speed spinning - HOY (high oriented Yarn) in Taiwan. The speed was 5,000m/minute, four times to traditional spinning. It's a technical breakthrough in synthetic yarn industry. This strengthened the competition ability on manufacturing cost. The initial monthly output of HOY was 200 tons.
Oct. 1990
Flat yarn production line was wholly set up with 6 machines. Total monthly output became 600 tons.
Nov. 1990
Developed nylon trilobal bright filament yarn successfully and replaced the supplying of similar but expensive yarn from Japan. Because of good quality and reasonable price, the market share was 70% when launching.
Apr. 1991
Increase paid-in capital to USD5.9 million.
Apr. 1991
Four machines of second production line of flat yarn was set up with 440 tons capacity in Pu Yan factory. Meantime, decided to set up Fan Yuan factory.
May 1991
One drawing warping and sizing warping machine were set up. Monthly capacity of warping yarn was 150 tons.
Oct. 1991
Two machines of second production line were set up with 220 tons capacity in Pu Yang factory. Total production capacity of flat yarn was 1,260 tons. Meantime, the founding of Fang Yuan was started.
Dec. 1991
The running of nylon micro filament was successful after one year testing.
Mar. 1992
One high speed warping machine, one sizing machine, and one beam combing machine were set up. Monthly capacity of warping yarn became 600 tons.
April 1992
Ranked as the third best one with good industry management performance by China Information Service, Ltd.
Aug. 1992
Admitted by The Ministry of Finance to proceed stocks selling in public market.
Sep. 1992
Increased paid-in capital to be USD10.7 million.
Dec. 1992
Production line of Fang Yuan factory ran successfully and started the production. ACELON herein owned production of nylon filament yarn and polyester filament yarn. The turn over was up to USD30.3 million.
Jan. 1994
Increased paid-in capital to be USD17.8 million.
June 1994
Increased paid-in capital to be USD27.2 million.
May 1995
Increased paid-in capital to be USD34.6 million.
July 1995
Developed and acquired Taiwan's patent of pioneering production process of "self splitting conjugate micro filament". The filament can get effect of "self splitting" without the process of caustic weight reduction. This helped the knitter and weavers lower a lot of process costs and promote technical standards and competitiveness for domestic textile industry.
Nov. 1995
The "self splitting conjugate micro filament" was granted by Ministry of Economic Affairs as a dominant new product.
Dec. 1995
Acquired ISO 9002 International Quality Assurance Certificate from the Bureau of Standards, Metrology and Inspection of the Ministry of Economic Affairs.
Aug. 1996
Obtained the patent of "Method of cellulose solution suitable for high speed spinning" from the Intellectual Property Office of the Ministry of Economic Affairs.
Dec. 1996
The first one in textile industry acquired ISO 9001 certificate from the Bureau of Standards, Metrology and Inspection of the Ministry of Economic Affairs. Turnover was over USD60 million - up to USD86 million.
May 1997
Ranked as top 288 among the 1000 largest manufacturers by Business Weekly, and the top 9 among synthetic yarn manufacturers.
Dec. 1997
Turnover was over USD90 million - up to USD112 million.
Feb. 1998
Recognized by the Ministry of Economic Affairs as an outstanding manufacturer for developing products.
Apr. 1998
Acquired award of " Manufacturing Technology " from the Ministry of Economic Affairs.
Apr. 1998
The stock was publicly traded on the stock market.
Sep. 1998
Increased paid-in capital to be USD78 million.
Dec. 1998
Total patents acquired were 8 till now.
Jan. 1999
Mr. W.D. Chou was the new chairman.
Dec. 1999
Total patents acquired were 12 till now.
Mar. 2001
Ms. Shio-Ching Chen was the new chairman.
Apr. 2001
Decrease paid-in capital to be USD51 million.
July 2001
Mr. Chun-Nan Chen was the new chairman.
Dec. 2001
Decrease paid-in capital to be USD35 million.
Dec. 2001
Acquired patent of "Manufacture process of cellulose viscose color reducing and polymerization declining" from the Intellectual Property Office of the Ministry of Economic Affairs. Total patents acquired were 14 now.
Dec. 2002
Decreased paid-in capital to be USD22 million.
Jul. 2003
Ms. Shio-Ching Chen was elected to be new chairman.
Aug. 2003
Set up finished product department - New Fiber Department. It developed and designed finished products made of ultra fine micro filament.
Aug. 2006
Set up FDY production line for Fan Yuan factory.
May 1997
Owned 12 registered trade mark (36 kinds) in Taiwan and 6 registered trade mark (19 kinds) in China.
Sep. 2009
Acquired patent of "Washing Method of Lyocell Filament" from Intellectual Property Office of the Ministry of Economic Affairs.
Dec. 2009
Tou Liu factory was bought in December 2009. This is the third facotry of Acelon.  Tou Liu factory will particularly  produce thin denier nylon DTY and nylon FD
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