From September 1996 Qingdao Huabang Industries Co.,Ltd Established From September 1997 Qingdao Bangyuan Fiber Co.,Ltd Established Initiating From 40 Sets of Menegatto Covering Machines From May 2000 Qingdao Bangyuan Textile Co.,Ltd Established Initiating From 67 Sets of Menegatto Covering Machines. From July 2001 Qingdao Bangyuan exported our product to Japan first time. From May 2002 Qingdao Tengyuan Dyeing Co.,Ltd Established From December 2002 Qingdao Bangyuan Textile Co.,Ltd Promotes her scale upto145 Sets of Covering Machine's Ability. From March 2003 Qingdao Bangyu Textile Co.,Ltd Established. From Feb 2004 Qingdao Tengyuan Dyeing Co.,Ltd established the Technology cooperation with Louyan Sythetic Fiber Co.,Ltd Japan.