Acelon Chemicals & Fiber Corporation (Taiwan, China)

From the establishment in 1988, the development history of Acelon Chemicals & Fiber Corp. can roughly include several stages as follows.In 1988, a group of professionals with practical experiences of many years sharing a dream raised funds and established Acelon Chemicals & Fiber Corp. The initial capital was only USD0.47 million. The factory was in Pu Yan, Chang Hua, beginning with the productions of nylon flat filament and nylon air textured yarn. Later on, with the supports from our clients and the stability of operations, the increase in the capital was made in succession; consequently, the paid-in capital was totaling USD1.8 million. In the aspect of improving the manufacturing process, ACELON practically applied the HOY production process which was the first domestically and successfully developed HOY. That made the production speed increase to 5000 meter, which was four times faster than the conventional FOY. This was not only the professional technical breakthrough in the professional manufacturing of synthetic fiber, it was also increasing the competitiveness for structure of manufacturing costs. In terms of developing new products, ACELON also had great achievements as successfully and developed himself Nylon Trilobal Bright filament. This has increased the domestic supplies of high quality synthetic fiber and makes importing the expensive equivalent from Japan unnecessary for domestic end users. Also, due to the stable quality of the product and reasonable sale price, the product immediately took over 70 % of domestic market share right after the very moment the product had been introduced into the market.Exceptionally good product quality, topped by the excellent operation ability and performance of sales, during early 1990 to late 1991, ACELON continually expanded the production scale of nylon flat filament and built the warping plant, which made the name of ACELON famous as a domestic integrated manufacturing factory of chemical fiber. In April of 1992, ACELON was evaluated and elected by China Credit Information Service Ltd. as the third best performance of operations and sales of 1991 in domestic manufacturing industries which was a great positive admiration for all the hard work and effort our team had been making. With the continuous expansion of production scale, consequently, in succession, the cash capital increase and capital increase by capital surplus had been made. As of September of 1992, the paid-in capital rose to USD 11 million. In the meantime, the Securities and Futures Bureau under the Ministry of Finances granted as an Initial Public Offering enterprise. In November of 1992, the construction of FanYuan plant in which ACELON invested about USD 22 million was completed. In December the same year, the testing operations for the factory were completed. The factory accordingly joined the production system and mainly produced new synthetic filament of polyester. Meanwhile, the second stage of expanding construction of the Pu Yan warping plant had also finished the testing operations. Until this moment, ACELON had established the completely integrated production system of nylon, polyester and polypropylene filament. In terms of production scale, the production capacity of nylon filaments is the third largest manufacturing plant in Taiwan, while the products of polyester filaments the ninth largest.In the year of 1992, the turnover volume of ACELON made a breakthrough exceeding USD31 million, also listed among the group of the biggest 500 domestic industries.In late 1993, ACELON had developed the pioneering production of self split conjugated micro filament, which also helped the end users lower the process costs of weight reduction in great proportion and promote technical standards and competitiveness fo