Corporate Milestone 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 ...