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2000
Established first factory at Cu Chi District
- STK was established on the 1st June 2000.
- Main product: Draw Textured Yarn (DTY).
- In thebeginning, STK did not have a fully integrated production chain, but it must import PartiallyOrientedYarn (POY) to produce DTY.
- Initial designedcapacity: 4,800 tons of DTY per year.
2003
Investment of capacity expansion
- STK continued investment to double capacity to 9,600 tons of DTY per year as it foresawthe strong increase in demand from the market as well as from the Company’s customers.
2005
Converted into Joint Stock Company – A strategic reform
- On 11th April 2005, the Company was converted into a joint stock company and the name was changed to Century Synthetic Fiber Corporation. This strategic move enabled STK to diversify financing sources for its continuous expansion.
2008
Completed fully-integrated chain
- A POY workshop was put into operation in order to improve the company’s value chain and enhance its profitability. Self-production of POY was also aimed to reduce the Company’s reliance on imported POY and especially the volatility of POY price and supply. The investment in POY workshop was a turning point in STK’s development as with this move, STK became the first Vietnamese company making microfilament from imported polyester chips.
- The Company completed the expansion and its production capacity rose to 14,500 tons of POY per year & 15,000 tons of DTY per year.
2011
Developed new product FDY (Fully Drawn Yarn) & Implemented management system ERP-SAP All in one
- Construction of the new factory started on 28th Nov 2009 and it was put into the operation from 18th Jan 2011, adding an additional 11,000 tons of production capacity of DTY, POY per year.
- Beside POY and DTY, STK also develop new product FDY to meet the demand of customer and market. This project raised the Company’s entire capacity to 37,000 tons of DTY and FDY and 29,500 tons of POY per year.
- In order to improve operating efficiency and business administration, since January 2012, STK implemented and put into operation an EPR provided by SAP for the Company’s entire operation.
2014
Catched up the fiber world’s trend & opportunities
- With an aim to catch the opportunities brought by inevitable relocation of garment and textile production from China to Vietnam and incremental growth brought by Free Trade Agreements (FTAs)as well as to optimize the Company’s production scale, STK completed an expansion project for Trang Bang factory with a capital expenditure of USD34.2 million. The new factory was equipped with automatic DTY machines, which use the state-of-art technology from OerlikonBarmag, a leading European group.
- Smooth capital raising: Successful Initial Public Offering (IPO) by issuing 3 million shares valued of VND 75 billion to public to financeTrang Bang Factory – the third phase.
2015
Officially listed on Ho Chi Minh Stock Exchange (HOSE), successfully develop new product “Recycled yarn”
- Century shares wereofficially listed in HOSE on 30 December 2015. STK’s brand reputation and market capitalization were enhanced;
- On 18 September 2015, Trang Bang Factory – the third phase officially put into operation. The new factory has annual capacity of 15,000 tons of POY and 15,000 tons of DTY, raising the Company’s total annual capacity to 52,000 tons of DTY and FDY per year by 2016. Beside auto-doping texturized machines manufactured by OerlikonBarmag, a leading European group, the new factory is also equipped with a Plant Operation Center (“POC”).
- The Company cooperated with US partner to successfully develop new product “Recycled yarn” from recycled chip, startinga first stepof product diversification intovalue added products;
- The Company started exploring opportunities from new markets which have preferential tariffs underFTAs.
2016
Building a platform for stable development
- STK continued investment to expand Trang Bang factory in phase 4, raising total capacity of company to 60,000 tons of DTY and FDY per year by Quarter 1-2017.
- The Company was granted by Control Union GRS 3.0 Certificate on production of recycled yarn.
- The Company was granted by SGS a certification, confirming that its products conform to REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) on using toxic chemical material as stipulated by European Chemical Agency.
2017
Embracing the opportunity toward remarkable growth
- Putting Trang Bang 4 into operation, which brought the total production capacity up to 60,000 tons per year.
- Successfully exploited two markets: Korea and Japan.
- Timely captured with the trend of using recycled fiber, STK has cooperated with Unifi Group to become a franchiser under REPREVE brand to supply products to major brands in the world.
- STK’s products are also certified OEKO-TEX 100 which is the certification of non-toxic products disposed into the environment under the ZDHC program.
- The company collaborated to strategic partners to establish E.DYE Vietnam Joint Stock Company specializing in producing color fiber, which will not pollute to the environment and saving water.
2018
Taking advantage from markets, harvesting success
- Completed the implementation and trial run of Trang Bang 5 project, raising total capacity to 63,300 tons per year.
- Achieved and exceeded the target of Recycled yarn’s proportion, therefore improving the overall profit margin.
- Achieved the budget of revenue and exceeded the targeted profit remarkably.
- Well-managed quality control and expenses.
2019
Consistently achieving targets
- Net Profit increased by 20% y-o-y.
- Announcing the route of increasing the recycled yarn’s portion.
2020
Surpassing difficulties
- Fullfilled 98.2% of 2020 sales revenue target.
- Fullfilled 109.9% of 2020 profit after tax target.
- Enhancing the recycle portion to 44.7% in total sales revenue.
2021
Fire proves gold, adversity proves men
- Implemented expansion project at its subsidiary.
- Rooftop solar energy project has operated, reducing CO2 emission.
- Net profit of 2021 surpassed the budget.
2022
Persistent with core-business strategy
- Capital expansion project at the subsidiary is in construction.
- Applying initiatives in sustainable developments, recycling and reusing materials in production process.
- Continuously raising contribution of Recycled yarn in revenue mix.
2000
Established first factory at Cu Chi District
- STK was established on the 1st June 2000.
- Main product: Draw Textured Yarn (DTY).
- In thebeginning, STK did not have a fully integrated production chain, but it must import PartiallyOrientedYarn (POY) to produce DTY.
- Initial designedcapacity: 4,800 tons of DTY per year.
2003
Investment of capacity expansion
- STK continued investment to double capacity to 9,600 tons of DTY per year as it foresawthe strong increase in demand from the market as well as from the Company’s customers.
2005
Converted into Joint Stock Company – A strategic reform
- On 11th April 2005, the Company was converted into a joint stock company and the name was changed to Century Synthetic Fiber Corporation. This strategic move enabled STK to diversify financing sources for its continuous expansion.
2008
Completed fully-integrated chain
- A POY workshop was put into operation in order to improve the company’s value chain and enhance its profitability. Self-production of POY was also aimed to reduce the Company’s reliance on imported POY and especially the volatility of POY price and supply. The investment in POY workshop was a turning point in STK’s development as with this move, STK became the first Vietnamese company making microfilament from imported polyester chips.
- The Company completed the expansion and its production capacity rose to 14,500 tons of POY per year & 15,000 tons of DTY per year.
2011
Developed new product FDY (Fully Drawn Yarn) & Implemented management system ERP-SAP All in one
- Construction of the new factory started on 28th Nov 2009 and it was put into the operation from 18th Jan 2011, adding an additional 11,000 tons of production capacity of DTY, POY per year.
- Beside POY and DTY, STK also develop new product FDY to meet the demand of customer and market. This project raised the Company’s entire capacity to 37,000 tons of DTY and FDY and 29,500 tons of POY per year.
- In order to improve operating efficiency and business administration, since January 2012, STK implemented and put into operation an EPR provided by SAP for the Company’s entire operation.
2014
Catched up the fiber world’s trend & opportunities
- With an aim to catch the opportunities brought by inevitable relocation of garment and textile production from China to Vietnam and incremental growth brought by Free Trade Agreements (FTAs)as well as to optimize the Company’s production scale, STK completed an expansion project for Trang Bang factory with a capital expenditure of USD34.2 million. The new factory was equipped with automatic DTY machines, which use the state-of-art technology from OerlikonBarmag, a leading European group.
- Smooth capital raising: Successful Initial Public Offering (IPO) by issuing 3 million shares valued of VND 75 billion to public to financeTrang Bang Factory – the third phase.
2015
Officially listed on Ho Chi Minh Stock Exchange (HOSE), successfully develop new product “Recycled yarn”
- Century shares wereofficially listed in HOSE on 30 December 2015. STK’s brand reputation and market capitalization were enhanced;
- On 18 September 2015, Trang Bang Factory – the third phase officially put into operation. The new factory has annual capacity of 15,000 tons of POY and 15,000 tons of DTY, raising the Company’s total annual capacity to 52,000 tons of DTY and FDY per year by 2016. Beside auto-doping texturized machines manufactured by OerlikonBarmag, a leading European group, the new factory is also equipped with a Plant Operation Center (“POC”).
- The Company cooperated with US partner to successfully develop new product “Recycled yarn” from recycled chip, startinga first stepof product diversification intovalue added products;
- The Company started exploring opportunities from new markets which have preferential tariffs underFTAs.
2016
Building a platform for stable development
- STK continued investment to expand Trang Bang factory in phase 4, raising total capacity of company to 60,000 tons of DTY and FDY per year by Quarter 1-2017.
- The Company was granted by Control Union GRS 3.0 Certificate on production of recycled yarn.
- The Company was granted by SGS a certification, confirming that its products conform to REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) on using toxic chemical material as stipulated by European Chemical Agency.
2017
Embracing the opportunity toward remarkable growth
- Putting Trang Bang 4 into operation, which brought the total production capacity up to 60,000 tons per year.
- Successfully exploited two markets: Korea and Japan.
- Timely captured with the trend of using recycled fiber, STK has cooperated with Unifi Group to become a franchiser under REPREVE brand to supply products to major brands in the world.
- STK’s products are also certified OEKO-TEX 100 which is the certification of non-toxic products disposed into the environment under the ZDHC program.
- The company collaborated to strategic partners to establish E.DYE Vietnam Joint Stock Company specializing in producing color fiber, which will not pollute to the environment and saving water.
2018
Taking advantage from markets, harvesting success
- Completed the implementation and trial run of Trang Bang 5 project, raising total capacity to 63,300 tons per year.
- Achieved and exceeded the target of Recycled yarn’s proportion, therefore improving the overall profit margin.
- Achieved the budget of revenue and exceeded the targeted profit remarkably.
- Well-managed quality control and expenses.
2019
Consistently achieving targets
- Net Profit increased by 20% y-o-y.
- Announcing the route of increasing the recycled yarn’s portion.
2020
Taking advantage from markets, harvesting success
- Completed the implementation and trial run of Trang Bang 5 project, raising total capacity to 63,300 tons per year.
- Achieved and exceeded the target of Recycled yarn’s proportion, therefore improving the overall profit margin.
- Achieved the budget of revenue and exceeded the targeted profit remarkably.
- Well-managed quality control and expenses.
2021
Fire proves gold, adversity proves men
- Implemented expansion project at its subsidiary.
- Rooftop solar energy project has operated, reducing CO2 emission.
- Net profit of 2021 surpassed the budget.
2022
Persistent with core-business strategy
- Capital expansion project at the subsidiary is in construction.
- Applying initiatives in sustainable developments, recycling and reusing materials in production process.
- Continuously raising contribution of Recycled yarn in revenue mix.
- Well-managed quality control and expenses.
