Company

  • Overview
    • About us
    • CEO's Greeting
    • History
  • Philosophy
    • Principles
    • Policies
    • KOLON'S Spirit
  • Social Commitments
    • Environment
    • Fashion & Culture
    • Sports
    • Social Services
    • Win-win Manageme
  • Plants
    • Gumi
    • Ulsan
    • Gimcheon(Plant #1)
    • Gimcheon(Plant #2)
    • Gyeongsan
    • Yeosu
    • deasan
    • Incheon
    • FnC
    • Overseas

Company to Create a

NEW LIFESTYLE

Kolon industries makes happiness in our lives! We will try to be the beloved company by our customers.

History

KOLON Industries, Inc. was the first Korean company to produce nylon and led the “clothing revolution” in Korea, which made a great contribution to the nation’s economic growth.

KOLON Industries, Inc. is now trying to move to the next level by concentrating on high value-added and advanced materials, in order to become a global chemical/materials and fashion business with the highest possible market value.

  • Foundation and Growt
  • Business Development 1969~1982
  • Advanced Business Structure 1983~1993
  • Basis for Growth 1994~1999
  • Global Company 2000~Present

Foundation and Growt

Foundation and Growth 1957~

On April 12, 1957, KOLON Industries, Inc. began the age of chemical fibers in Korea as the first company to produce nylon.

KOLON Industries, Inc. was founded as Korea Nylon Inc. in Daegu on April 12, 1957, and with its first stretch nylon yarn plant the following year,
took the first step to becoming a pioneer in the Korean nylon industry.
In 1963, the company established a yarn manufacturing plant with a
capacity of 2.5 tons of nylon filament yarn per day. In 1968, the groundbreaking for the first expansion of the 7.5-ton nylon filament plant played a significant role in making nylon yarn widely used.

12. 04. 1957
Korea Nylon Inc. established.
18. 11. 1957
Groundbreaking of the stretch nylon yarn plant
05. 06. 1960
Introduction of permatex equipment
20. 02. 1961
Signed a technology agreement with CHEMTEX Inc.
for nylon yarn manufacturing
00. 04. 1963
First export of stretch nylon (10,886kg, 39,300 dollars)
08. 08. 1963
First Korean company to establish a nylon yarn plant
(2.5-ton in Ilsan)
20. 05. 1968
Completed 7.5-ton nylon yarn line in Daegu
(1st expansion)
23. 12. 1968
Completed 2.5-ton polyester yarn line in Daegu

Business Development 1969~1982

Business Development 1969~1982

In 1981, with the merger of KOLON corporation (Nylon) and KOLON corporation (Polyester), a single new company named KOLON corporation was formed.

The 1960s and 70s witnessed the nylon fiber boom in Korea and the chemical textile industry led by KOLON.
With the advent of polyester, Korea Polyester Inc. was established in 1969 and a polyester filament plant in Gumi, Gyeongsangbuk-do in 1971, which helped enhance the company’s capabilities in polyester business.
To ensure a reasonable shift in management system, Korea Nylon and Korea Polyester integrated operations in 1972. The first production of tire cords as part of the business and product diversification strategy laid the foundation of the company’s future growth.
In January 1977, Lee Dong-Chan, currently honorary chairman, was appointed as chairman of the KOLON Group. In 1981, KOLON Industries (Nylon) and KOLON Industries (Polyester) were merged into KOLON corporation In 1982, the company prepared for business diversification by buying KOLON’s Gyeongsan Plant.

08. 03. 1969
Korea Polyester Inc. established
20. 12. 1969
Korea Polyester Inc signed a joint investment
agreement with Japan’s TORAY and Mitsui Co.
30. 04. 1970
Established 8-ton nylon yarn line in Daegu
(second expansion)
31. 10. 1970
Established 3.2-ton nylon yarn line in Daegu
(third expansion)
18. 03. 1971
Established the largest 20-ton polyester yarn line in
Gumi Plant
18. 07. 1973
Began 5.4-ton tire cord line operations in Daegu Plant
31. 05. 1974
Established 9.5-ton nylon yarn line in Daegu Plant
(fourth expansion)
Established 12-ton polyester yarn line (1st expansion)
23. 06. 1975
Listed with 2 million shares of Korea Nylon
(2 billion Korean won) & with 1.5 million shares
of Korea Polyester (1.5 billion won)
28. 02. 1976
Established 6-ton tire cord line in Daegu
(1st expansion)
30. 12. 1976
Established 30-ton polyester yarn line in Gumi
(second expansion)
21. 01. 1977
First Korean plant (Gumi) to operate POY
25. 02. 1977
Korea Nylon and Korea Polyester changed names to KOLON corporation (Nylon) and KOLON corporation
(Polyester), respectively.
28. 10. 1981
Merger of KOLON corporation (Nylon) and KOLON
corporation (Polyester)
00. 08. 1982
Succeeded in developing artificial turf

Advanced Business Structure 1983~1993

Advanced Business Structure 1983~1993

In the 1990s, with its synthetic fiber manufacturing technology, KOLON Industries, Inc. tried to become a large material maker specializing in polymer and precision chemicals.

The textile industry in the 1980s began to decline with increasingly tougher competition among exporters and with the developed economies enforcing protectionism policies. The company implemented management innovation under the slog of “second foundation.”
Starting in 1985, the company started operating film, video tape, and medical businesses as part of its business diversification strategy.
In the 1990s, KOLON Industries, Inc. became the first Korean company to manufacture polyester spunbond to expand the textile industry and make new high-value products. With its synthetic fiber manufacturing technology, the company tried to become a large materials maker specializing in polymers and precision chemicals.
Meanwhile, with new offices opened abroad, the company took the first step to developing overseas markets and laid the foundation of major areas of business, such as advanced materials.

07. 02. 1984
Plastics engineering technology partnership with
French company Rhône-Poulenc
12. 04. 1985
Established the polyester film plant
11. 10. 1985
Established the spunbond manufacturing pant
15. 10. 1986
Established the videotape (SCEN'A) plant
10. 07. 1987
Localized hemodialyzers in Gyeongsan Plant began mass
production
00. 10. 1987
Established the polyester film line (1st expansion)
16. 05. 1990
Established the polypropylene spunbond plant
10. 09. 1990
Established P-19 automated line in Gumi Plant
01. 02. 1991
Established the joint plant with Thai company Siam
Tire Cord Inc.
29. 04. 1992
Established the HELS-2(PET ultra-low shrinkage yarn)
plant
00. 05. 1992
Exported artificial turf KONY GREEN to the U.S.
00. 07. 1993
Launched artificial leather business

Basis for Growth 1994~1999

Basis for Growth 1994~1999

With the 1997 completion of the Gimcheon CIM Automation Project, which had begun in 1994, KOLON industries, Inc. entered the age of automation, which realizes the best quality at the lowest cost.

In the mid-1990s, the company suffered in the textile industry where it
had made the most profit, due to the emerging competitors equipped
with modernized equipment and to continued pay increases. KOLON Industries, Inc. was able to weather the crisis under the management of
Lee Woong-Yeol who was appointed new president of KOLON Industries, Inc. in 1994, by enforcing strategic management practice to improve the Group’s competitiveness.
In 1994, the company began manufacturing airbags and, after its 1995 merger with Korea Nylon, increased yarn production capacity.
In addition, the company developed proprietary technology and started new businesses, such as manufacturing artificial leather and Chamude.
The 1997 completion of the Gimcheon CIM Automation Project for portfolio restructuring enabled the company to provide the best quality at the lowest cost.
The PET film plant, established in Indonesia in April 1997, marked the beginning of the company’s expansion abroad.

25. 03. 1994
Completed the Gimcheon CIM Automated nylon yarn
plant (ACE N-1)
12. 05. 1995
Established Gimcheon CIM polyester yarn plant
(ACE P-1)
22. 08. 1995
Established a branch in Indonesia (P.T.KOLON INA)
25. 09. 1995
Korea Nylon merged into KOLON corporation
00. 03. 1996
Launched character/caricature business
27. 11. 1996
Established GP-24, FBK-1, ACE P-2 lines
29. 04. 1997
Established P.T.KOLON INA, film plant in Indonesia
07. 07. 1997
Established KOLON Tower in Gwacheon
01. 10. 1997
Established ACE N-2 line in Gimcheon Plant
00. 12. 1999
Launched spandex business

In the 2000s

In the 2000s

KOLON Industries, Inc. has set as its 21st-century vison “Global Top Chemical/Materials Company” and “Korea’s Top Fashion Company”, and is now creating an aggressive management strategy.

In the 2000s, chemical fibers and packaging films have experienced a decline in competitiveness, and a combination of adverse factors, such as labor-management disputes and a drop in profits, caused problems with management. In the midst of such crisis, the company continued to make changes to its business portfolio, such as divisions, joint ventures, and mergers, and shape its future.
In December 2009, in particular, the manufacturing and fashion division owned by KOLON corporation became separated and started as a new company called KOLON Industries, Inc.
After its separation, the company has entered a stable growth phase and sharpened its competitive edge by focusing on four areas, namely, industrial materials, chemical, films/electronic materials, and fashion. Now, the company stands on its own leading the growth of the KOLON Group,

00. 09. 2000
Began producing membranes for hemodialyzers
00. 01. 2003
Bought Ulsan polymer film plant
00. 01. 2003
Began producing light diffuser films for LCD
28. 05. 2004
Established KNC tire cord plant in China
00. 11. 2004
Established KNC airbag plant in China
13. 04. 2004
Launched aramid business
13. 05. 2005
Launched OPW airbag business
19. 07. 2005
Established the polyimide film line
18. 05. 2006
Signed long-term agreement on membranes for water
purification
01. 06. 2007
KOLON chemical merged into KOLON corporation
03. 03. 2008
Divided the yarn (N/F, P/F) departments
01. 06. 2008
Transferred plastic business to KOLON Plastics Inc.
01. 06. 2008
Established a joint venture with polyimide film
manufacturer SKC KOLON PI
01. 09. 2008
Transferred high-absorption resin business to LG Chem.
01. 08. 2009
FnC KOLON merged into KOLON corporation
31. 12. 2009
Separated the manufacturing department of KOLON
Corporation and formed KOLON Industries, Inc.
31. 12. 2009
KOLON Group adopted hosting company structure
01. 05. 2011
Cambridge KOLON merged into KOLON Industries, Inc.
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