The startup stage. The first factory was set up by Chen’s brothers in a modesty fishing town, called Tungkang area, lying to the south of Taiwan. They started the production of cotton thread/yarn only for the domestic market under the brand name - Rose.
We established a new factory on Chen Hai Road to meet the increasing demand.
The factory adopted a modern organization structure, purchased new machines and produced nylon twines. Net weaving machines were also brought in from Japan to produce nylon fishing nets.
Collaboration with a famous net weaving factory from Japan further improved technical skills and product quality. The finished products were exported all over the world including Japan, North America, Central and South America, Europe, Africa and Australia and etc.
Due to our outstanding export performance, the Ministry of Economic Affairs frequently awarded us with trophies. Another new factory on Shing Nung Road was also set up to capture the international markets.
Invested USD 20 million in Vietnam to establish Ching Fa Co., Ltd. (Vietnam), where it encompassed a space of 75,000 square meters.
Started setting up the Vietnam factories and brought back 40 Vietnamese to Taiwan as trainees. Hired computer personnel and procured computer equipment to set up computer networks.
Completed the Vietnam factories and started exporting from there.
Reinvested the latest webbing machines, CAD type, from TOYO KOYO, Japan.
Meanwhile, total amount of investment was increased up to 24 million US dollar in vietnam.
Completion of expanding the factory in Vietnam, with production of Raschel knotless nets being added.
Taiwan's chingfa Company become a remained company.
The project of scrap-and-buy on machines and equipments was moving forward in Vietnam.
The factory in Vietnam was honorably certified with ISO 9001-2000.
Reinvested the latest Raschel knotless webbing machines and extruder machines in Vietnam to increase its productivity.
Reinvested the latest twisting machines in Vietnam.
Taiwan plant purchases 15,500 square meters of land around Chingfa No. 1 plant for expansion.
Taiwan Chingfa Expansion.
Approximately 20,000 square meters of the new Chingfa No. 3 Factory was built on Dongsin Rd., Donggang Township, Pingtung County.
The Expansion of the first plant of Chingfa was completed. The third plant of Chingfa was also expanded and completed, and the production sites of American Tuna Purse Seine Nets, Cage Nets and various combined nets were added.
After several times of capital increase from cash and surplus, the capital of Taiwan Chingfa was NTD 428.88 million, and the capital of Vietnam Chingfa (Vietnam factory) was US$15 million.