2006 大事回顧

2005 大事回顧

2004 大事回顧

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:

• 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.
• 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.
• November 1994
  Construction of the native starch production plant with an annual production capacity of approximately 72,000 metric tonnes was completed.
• February 1995
  Construction of our GA fermentation plant with an initial annual production capacity of approximately 36,000 metric tonnes was completed.
• September 1995
  Construction of our glucose syrup plant with an annual production capacity of approximately 140,000 metric tonnes was completed.
• January 1996
  Construction of phase I of our lysine plant with an annual production capacity of approximately 7,200 metric tonnes was completed.
• 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.
• 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.
• 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.
• 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.
• 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.
• June 1999
  Phuoc Thai Complex was accreditated ISO 9002: 1994 certification by Bureau Veritas Quality International.
• January 2000
  Phuoc Long Complex was accreditated ISO 9002: 1994 certification by Bureau
  Veritas Quality International.
• 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.
• May 2000
  Construction of phase II of the co-generation power plant was completed, thereby
  increasing the electricity output to 72 MW.
• 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.
• 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.
• 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.
• 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.
• 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
• Listed on The Stock Exchange of Hong Kong.
• 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.
• November 2003
  • 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).
  • Engineering work for natural gas completed at Vietnam Phuoc Thai plant.
• November 2003
  Engineering work for natural gas completed at Vietnam Phuoc Thai plant
• December 2003
  • Started to use natural gas for power generation at Vietnam Phuoc Thai Complex.
  • 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.
  • 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:

• 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.
• 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.
• September 1999
  Xiamen Mao Tai commenced the refinery process of MSG products.
• May 2001
  Mao Tai Complex was granted ISO9001 (2000) certification by Det Norske Veritas.
• July 2001
  Mao Tai Complex was granted ISO9001 (2000) certification by China Quality Certification Centre.