2005 Major Events
| Vedan Vietnam |
- June
- Entered into an exclusive distributorship agreement with Syngenta Seeds Ltd. of Switzerland, and Mitsui and Co., (Thailand) Ltd. for Syngenta’s tropical sugar beet seeds in Vietnam.
- Ministry of Planning and Investment approved the construction of Phase II of the company’s by-products processing factory.
- September
Launched new product – Vedan high value-added seasoning.
- November
- Completed the acquisition of Ve-Thai Tapioca-Starch Co., Ltd and change its name to Ve-Yu Enterprise Co., Ltd., added equipment to increase monthly dry starch production capacity by 1,200tonnes.
- Completed new addition of GA fermentation facilities, enhancing monthly MSG production capacity by 1,200 tonnes.
Vedan Shanghai
- April
Completed the expansion of the MSG packaging unit, increasing monthly average production capacity of MSG consumer packs from 550 tonnes to 880 tonnes.
- July
- Received the Shanghai Vedan property right certificate and completed all acquisition procedure.
- Compounded modified starch products commenced operation in Shanghai.
Xiamen Mao Tai
- December
The establishment of Shandong Vedan Snowflake Enterprise Co., Ltd.–contract signed on 22 December and announcement made on 28 December.
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2004 Major Events
| Vedan Vietnam |
- March
Honored with the “Award for the Outstanding Tax Payer” by the Ministry of Finance.
- October
Added a 110KV 30MVA main electrical transformer in the Co-generation power plant, total electrical capacity increased from 70MVA to 100MVA.
- December
- Added a wet starch production line in the Binh Thuan plant in Vietnam, producing 200 tons of wet starch daily.
- Commenced operation of the expanded GA production facilities, increasing annual production capacity from 140,000 tons to 180,000 tons.
- Commenced operation of the expanded specialty chemicals production facilities, increasing annual production capacity of Caustic Soda 100% from 60,000 tons to 80,000 tons.
- One of the two enterprises to receive the Prime Minister Award in the “2004 Quality Award on Science and Technology”.
- January - 2005
Honored with the “Award for the Outstanding Tax Payer” by the Ministry of Finance.
Vedan Shanghai
- July
Shanghai Vedan Enterprise Co. Limited formally commenced operation with Mr. LIAO, Ruei-Hsing as its General Manager.
- December
Received a “Quality Safety Certificate” from the General Administration of Quality Supervision, Inspection, and Quarantine of the PRC.
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DEVELOPMENT MILESTONES
Before the establishment of Vedan(Vietnam) Enterprise Corporation Limited in
August 1991, the MSG products of Taiwan Vedan had been distributed in Vietnam
through various importers, who were Independent Third Parties. In 1989, Taiwan
Vedan commenced feasibility studies on establishing production facilities in
Vietnam for the production of fermentation-based food additive and biochemical
products in Vietnam. Following completion of the feasibility studies, a formal
application for investment in Vietnam was submitted to the Vietnamese
government in October 1990.
Vietnam
In August 1991, the Vietnamese government issued an investment licence to
Vedan(Vietnam) Enterprise Corporation Limited referring to the right to use the
land currently used by the Phuoc Thai Complex.
During the period between August 1991 and August 1994, we started to design and
construct the integrated production facilities at the Phuoc Thai Complex, which
included a MSG production plant, a starch production plant, a specialty
chemical product plant, co-generation power plants, a waste treatment plant, a
water purifying plant and private port facilities that can receive foreign
vessels of up to 12,000 dwt. The construction of all these production and
supporting facilities commenced in October 1992.
The following describes certain major development milestones of our business
operations in Vietnam:
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August 1994
Construction of phase I of the MSG refinery plant with an annual production
capacity of approximately 36,000 metric tonnes, the co-generation power plant,
phase I of the waste treatment plant and the private port facilities was
completed.
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September 1994
Construction of the specialty chemical production plant with an annual
production capacity of approximately 20,000 metric tonnes of caustic soda was
completed.
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November 1994
Construction of the native starch production plant with an annual production
capacity of approximately 72,000 metric tonnes was completed.
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February 1995
Construction of our GA fermentation plant with an initial annual production
capacity of approximately 36,000 metric tonnes was completed.
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September 1995
Construction of our glucose syrup plant with an annual production capacity of
approximately 140,000 metric tonnes was completed.
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January 1996
Construction of phase I of our lysine plant with an annual production capacity
of approximately 7,200 metric tonnes was completed.
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January 1996
Construction of phase II of our waste treatment plant was completed, thereby
increasing the daily waste water processing capacity of the Phuoc Thai Complex
to approximately 5,000 metric tonnes.
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February 1997
Construction of phase II of the specialty chemical production plant with an
annual production capacity of 20,000 metric tonnes of caustic soda was
completed.
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February 1998
Construction of phase II of the lysine plant at the Phuoc Thai Complex was
completed, thereby increasing the total annual output of lysine products to
approximately 15,000 metric tonnes.
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March 1998
Construction of the Phuoc Long Complex was completed with two production lines
for the production of native starch products with an annual production capacity
of approximately 72,000 metric tonnes.
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November 1998
Construction of the modified starch production line with an annual production
capacity of approximately 10,000 metric tonnes at Phuoc Thai Complex was
completed.
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June 1999
Phuoc Thai Complex was accreditated ISO 9002: 1994 certification by Bureau
Veritas Quality International.
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January 2000
Phuoc Long Complex was accreditated ISO 9002: 1994 certification by Bureau
Veritas Quality International.
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February 2000
Construction of phase III of the specialty chemical production plant with an
annual production capacity of 20,000 metric tonnes of caustic soda was
completed.
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May 2000
Construction of phase II of the co-generation power plant was completed,
thereby
increasing the electricity output to 72 MW.
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November 2000
Construction of the third production line of native starch products with an
annual production capacity of 36,000 metric tonnes at Phuoc Long Complex was
completed.
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November 2000
Construction of phase II of the modified starch production line with an annual
production capacity of approximately 30,000 metric tonnes was completed.
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October 2001
Vedan(Vietnam) Enterprise Corporation Limited acquired Orsan, a MSG
manufacturing plant owned by Orsan S.A. of France, an Independent Third Party
at an aggregate consideration of approximately US$2.5 million which was derived
at after arm's length negotiations and on normal commercial terms.
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December 2001
Construction of the fourth production line of native starch products with an
annual production capacity of 36,000 metric tonnes at Phuoc Long Complex was
completed.
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December 2001
Phuoc Long Complex was accreditated ISO 9001: 2000 compliant by Bureau Veritas
Quality International and Phuoc Thai Complex was accreditated ISO 9001: 2000
compliant by Bureau Veritas Quality International. -
May 2002
Granted "Award for the Outstanding Tax Payer in Vietnam" by Prime Minister. - December
2002
Won National Quality award from the Ministry of Science and Technology of
Vietnam. - January 2003
Obtained License to build a wet-starch factory in Binh Thuan Province from the
Ministry of Planning and Investment in Vietnam. - April
2003
Established warehouse and distribution centre in Nghe An Province in central
Vietnam. - June 2003
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Listed on The Stock Exchange of Hong Kong.
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Obtained License from the Ministry of Planning and Investment to build
facilities for power generation using natural gas and to install additional
facilities for MSG crystallization operation.
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November 2003
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Approval obtained to berth vessels up to 12,000MT DWT at Vedan's Phuoc Thai
Port (Note: previously only up to 5,000MT DWT was allowed).
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Engineering work for natural gas completed at Vietnam Phuoc Thai plant.
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November 2003
Engineering work for natural gas completed at Vietnam Phuoc Thai plant - December
2003
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Started to use natural gas for power generation at Vietnam Phuoc Thai Complex.
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Obtained License from the Ministry of Planning and Investment for some major
capital expenditures including the following important projects: phase IV
expansion of specialty chemicals production, phase IV expansion of MSG
production, a new production line for animal feed and fertilizer production,
new product PGA production facilities phase I, new product – high value-added
seasoning production facilities, new facility for cassava starch by-product
processing, built additional electrical primary transformer sub-station.
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Vietnam Binh Thuan starch processing plant started production test run.
The PRC
The following describes certain major development milestones of our business
operations in the PRC:
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December 1995
Ordino completed the acquisition of Xiamen Mao Tai from an Independent Third
Party at a consideration of NT$28,000,000 (equivalent to approximately US$0.8
million). Xiamen Mao Tai was principally engaged in the production of beverage
products in the PRC. The consideration was derived at after arm's length
negotiations and on normal commercial terms.
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April 1997
Production of Xiamen Mao Tai commenced with an initial focus on the production
of beverage products and the distribution and sales of MSG products.
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September 1999
Xiamen Mao Tai commenced the refinery process of MSG products.
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May 2001
Mao Tai Complex was granted ISO9001 (2000) certification by Det Norske Veritas.
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July 2001
Mao Tai Complex was granted ISO9001 (2000) certification by China Quality
Certification Centre.
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