History

1924

Ho Jei Lai Trading Company
Mr. Ho Chuan, and his brothers, Mr. Ho Yung and Mr. Ho Yi, established Ho Jei Lai Trading Company., a company in their father’s name. The company mainly dealt in fertilizers, sugar, and grain.

1934

Yuen Foong Corporation was established and the business went corporatization.

1950

Yuen Foong Yu Paper Manufacturing Co., Ltd Established
The first paper manufacturing plant located in Jioutang Village, Dashu District in Kaohsiung. The plant manufactured one-side coated paper and Kraft paper, and the company is widely regarded as the pioneer of privately owned paper manufacturers in Taiwan.

1960

Developed the First Domestic Coated Paper
Successfully developed and mass production the domestic coated paper to replaced the imported products resulted to YFY's leading position in cultural paper market.

1966

Merged with Yuen Foong Paper Co., Ltd. ( The company located at No. 21 Gushan 3rd Rd., Kaohsiung City)

1968

Chung Hwa Pulp Co., Ltd
In response to the investment policy in the east coast, YFY invested CHP in Hualien city. In the same year, the company constructed Taitung plant to manufacture coated white paper board.

1972

Merged with Guo Guang Paper Co., Ltd.
Manufactured the first embossed tissue paper in Taiwan.

1977

YFY shares listed in Taiwan Stock Exchange.

1980

Established Taiwan's first Paper Manufacturer R&D Center
Established Taiwan's first and the only paper manufacturer R&D center, focus on the paper manufacturing technology innovation and development.

1986

Launched "10 Billion Grand Vision Investment Plan"
˙Established the company's paper industry foundation.
˙Cultivate and training talents for the company.
˙Launch strategy of business diversification.
Step into paper packaging manufacturing business
Taoyuan packaging plant commenced production.

1987

Yangmei plant commenced production to elevate competitiveness in the household paper product market.

1988

Issued the first exchangeable bond in Taiwan with the shares of YFY subsidiary Chung Hwa Pulp Co., Ltd as underlying stock.
Issued the first Convertible Preferred Stock in Taiwan
Merged Yuen Foong Yuan Paper Manufacturing Co., Ltd.

1989

Issued the first Foreign Convertible Bond.

1990

Completion of the Xinwu Mill for the production of Kraft paper.

1992

Invest in Technology Business. Invested in E-Ink as the pioneer company in LCD panel industry.
Design and manufactured CHP's No. 2 paper dryer machine and commenced production.

1993

Extended Footprint to China.
Built plants started from Guanzhou, Kunshan to Xiamen to developed southern China market. Built household paper plant in Kunshan. Invested Guangdong Dingfeng Pulp and Paper Co., Ltd for pulp market.

2000

Joint investment with Chung Hwa Pulp in Ding Feng Pulp and Paper Co., Ltd. in Guangdong province.

Step into Organic Diet Industry : Set up Yuen Foong Yu Biotech Co., Ltd. to develop organic diet in Taiwan and China. Through the various channel such as retail shops, door to door delivery, organic restaurant to promote organic diet to consumers.

2001

Invested in TaiGen Biotechnology Co., Ltd.
Invested in incubate pharmaceutical R & D company, TaiGen Biotechnology, as the leading company in Taiwan Biopharmaceutical industry.

2003

Expand Investment Portfolio into Biomedical Business
Set up YFY Biotech Management Company and form a consulting incubate team for the investment evaluation and business operation of biopharmaceutical industry.

The subsidiary Laiya Co. signed a purchase agreement with P & G Taiwan to acquire Qinshui plant.

2004

E-ink listed in Taiwan OTC board.
Set up YFY Paper(Vietnam) Co., Ltd as a step into the Vietnamese market.
Set up subsidiary YFY Paper Manufacturing( Yangzhou) Co., Ltd. Officially enter China's containerboard manufacturing industry.

2005

Containerboard and Package Paper Division spun off and renamed YFY Packaging Inc.
The first e-reader device using e-paper launched in the market and E-ink supplied the key component -- e-paper.
Laiya company was renamed to Yuen Foong Yu Consumer Products Co.,

2007

Consumer Product Division spun off into Yuen Foong Yu Consumer Products Co., Ltd.
Signed strategic alliance memorandum of cooperation with Japan's Nippon Paper Group, Inc.(NPG).

2008

Expand Technology Business Further.
YEON Technologies Co., Ltd. established Asia Pacific RFID Certification Center, which is the only RD center that qualified by EPC Global in Asia.

Acquired the first FSC certification for forest management in domestic paper manufacturing industry.

2009

Established Taiwan's only ISO/IEC 17025-certified containerboard packaging lab, accredited by Taiwan Accreditation Foundation (TAF).
Acquired Jupiter Group, a prominent packaging and brand design company in the USA, forming YFY Jupiter.
Acquired E Ink Corporation in the USA, gaining key electronic paper technology.

2010

Acquired Arizon RFID Technology (Yangzhou) Co., Ltd.
Established Yuen Foong Yu Blue Economy Natural Resources (Yangzhou) Co., Ltd. to utilize agricultural straw in the biopulping progress.

2012

Transferred Paper and Paperboard Division to Chung Hwa Pulp Co., Ltd., which streamlined pulp and cultural paper under the same management team.

YFY INC.
Yuen Foong Yu Paper Manufacturing Co., Ltd. renamed to YFY INC., the investment holding structure established.

2013

After 12 years cultivation and development, the new eco technology of nPulp commenced production in Yangzhou plant.

2014

The technology of nPulp, recycling agricultural by-product to produce pulp, won Edison Award from the USA.

Established YFY Shop to develop a platform for e-commerce and monetary service.

Arizon RFID Technology (Yangzhou) Co., Ltd. commenced new plant.

2016

Shin Foong Specialty & Applied Materials Listed in OTC market.

2017

New factory of Eco-friendly cleaning product, Orange House, commenced production in Taoyuan.

Shin Foong Specialty & Applied Materials Listed in TWSE board.

2019

The largest biogas power generation facility in Taiwan commenced operation in Xinwu Plant.

2020

2020 YFY Industrial Paper Co., Ltd. became the first company in the global paper industry to acquire BS 8001 Circular Economy certification.

2021

YFY Academy is established to focus on renewable materials, renewable energy and digital intelligence.

YFY CPG Listed in TWSE board.

2023

ENSILIENCE and Chunghwa Pulp jointly build the Taiwan's first behind-the-meter energy storage system in co-generation power plant.

Arizon Listed in TWSE board.