Established Wuhan Far Eastern New Material Co., Ltd.

Established Oriental Industries (Suzhou) Ltd.

Established Everest Technology Research Center, focusing on developing critical raw materials and innovative technology. The center was accredited as a national research center by the Ministry of Economic Affairs.

Far Eastern Spinning Dyeing & Finishing (Suzhou) Ltd. began to produce knitting and dyeing fabric.

Setting a precedent in the ‘green’ fiber industry, collaborated with American company Cargill Dow to form a strategic alliance for the manufacture and sale of Polylactic Acid(PLA)green fiber, aka. corn fiber.