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About Yulun

History

  • Categories:Group Profile
  • Time of issue:2024-08-22 14:20:41
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Group photo of the factory in 1944

In April 1944, businessmen Liu Zichun, Zhu Wenyao, Jiang Tingyu and others jointly initiated the establishment of “Yulun Industrial Society”, which was officially put into operation in October, with 1,048 spindles of ring spinning, more than 200 employees, and a daily output of 2 pieces of cotton yarn (about 0.36 tons). The birth of YuLun, the first JingJiang national industry precedent.
In December 1954, Yulan was the first one to implement public-private partnership in Jingjiang, and in the following years, it kept on growing, from 2,000 spindles at that time to 15,000 spindles in 1959 gradually.
In 1966, the public-private partnership Jingjiang Yulun Yarn Factory was renamed as the state-run Jingjiang Hongwei Yarn Factory, and Yulun became state-owned from then on. Under the concern of Jiangsu Province and Jingjiang County governments, Yulun gained rapid development, and its scale reached more than 30,000 spindles and more than 300 sets of shuttle looms in 1974, which was the first big enterprise in Jingjiang County.
In 1978, “Hongwei Yarn Factory” was restored as “Yulun Yarn Factory”.
In 1980, Yulan started the project of “relocating the south factory to the north”, acquiring more than 150 acres of land in the northern suburb of Jingjiang County, constructing a brand new 30,000 square meters factory building, updating the whole process of 12,000 spindles of spinning equipments, and at the same time, relocating 18,000 spindles of equipments of the old factory, and the project was completed in May 1987, which gave Yulan a brand-new look. By adjusting and remodeling the equipment, the company's production capacity reached more than 50,000 spindles, and entered the ranks of “national medium-sized enterprises”. 1990, Yulun became the first enterprise in Jingjiang with a sales income of more than one hundred million yuan.
In 1999, as one of the first batch of pilot enterprises of modern enterprise system in Jiangsu Province, Yulun successfully carried out its first restructuring, practicing public-private partnership and forming a limited liability company. In the same year, the company successfully hosted and acquired the reorganization of the former state-owned Taizhou Textile Factory, doubling the scale of production and economic output, and achieving the goal of “acquiring a Yulun”.
In 2003, the company completed the reform of “three replacements and one guarantee”, the state-owned equity all withdrew, and Yulun became a joint-stock enterprise held by private capital. 1997-2003, the company relied on its own accumulation, has invested nearly 70 million yuan, the implementation of spinning department renovation and weaving department to expand the capacity of the introduction of a number of international advanced equipment, so that the spinning department, more than 80% of the equipment has been replaced by a more advanced equipment. More than 80% of the equipment has been updated, and the air-jet looms in the weaving department reached 126 sets, doubling the fixed assets of the enterprise and realizing the goal of “transforming a Yulun”.
Starting from 2001, the leadership of Yulun prudent decision-making, the implementation of “moderate debt management” strategy, has invested 200 million yuan, the implementation of the “high-grade combed yarn expansion” joint venture technology reform projects and “the introduction of key equipment, Development of high simulation fabrics” national bond technical reform project, expropriation of 100 acres of land in the western factory area, the construction of two new 20,000 square meters of light steel structure of the new plant, the introduction of a large number of international advanced equipment, while supporting the new domestic equipment. The successive completion of the two projects, so that the scale of Yulan's spinning and weaving have reached more than two times of the beginning of 1996, the Department of the spinning spindles more than 100,000 spindles, shuttleless weaving machines reached 256 sets, to achieve the goal of “building another Yulan”, the company jumped into the “national large-scale enterprise “ranks, production scale, sales revenue, economic benefits have doubled than in 2000, the company entered the national cotton textile industry, the top 50, the chairman of the board of directors, Zhu Jinan has won the “Jiangsu Provincial Model Worker”, “National Textile Model Workers Chairman Zhu Jinan has won “Jiangsu Province Labor Model”, “National Textile Labor Model” and other honorary titles.
Since 2010, the company responded to the national industrial policy, transformation and upgrading, and constantly adjust the industrial layout and product structure, has been part of the spinning capacity after the transformation and transfer to Chongqing Youyang and Vietnam Nam Dinh, the use of the local rich manpower, electric power resources, as well as domestic and foreign markets to develop textile, textile extension.

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Yulun (Vietnam) Spinning Weaving Dyeing Co., Ltd. is a large-scale textile enterprise and a multinational company, which has been established for more than 70 years. The main products of the group are cotton, pure chemical fiber, blended, bamboo four series of more than 60 varieties of yarn, as well as a variety of fine-count high-density fabrics, high-grade blended interwoven fabrics and other blank fabrics.