CRONOLOGÍA // TIME LINE

1844 // Cuenca’s Municipal Corporation orders the installation of a workshop for the manufacture of hats in the city. 1868 // The University of Azuay Corporation emerges, the current University of Cuenca. 1913 // The Bank of Azuay is founded. 1914 // The first electric light bulb is turned on in the city. 1917 // The first automobile arrives to Cuenca. 1919 // The Chamber of Commerce of Cuenca is founded. 1920 // The first airplane, Telégrafo 1, lands in Cuenca piloted by Elia Liut. 1935 // Carlos Tosi’s first machines of the textile industry, that would be named Pasamanería, start working. 1936 // Foundation of the Chamber of Industries of Cuenca. 1938 // Heimbach and Dorfzaun withdrew the Nazi Germany. 1949 // The highway towards Quito opens. The same would happen three years later with the route towards Guayaquil. 1951 // Structural crisis that would affect the producing and exporting industry of paja toquilla hats starts. It was known as sinsombrerismo (the hatless look) 1954 // The Law of Tax Incentives for Industrialization that favored Azuay and Cañar provinces is created. 1955 // Thanks to the labor of Octavio Chacón, Filomentor Cuesta and Enrique Malo ERCO, the National Tire Factory is installed. It would be able to produce its first tire seven years later in 1962. 1956 // The Center for Economic Restructuring of Azuay and Cañar. It would only last two years. 1956 // Alfredo Peña returns to the country and founds Vandervilt, a Company for the distribution of car parts. In 1964, the Factory of Resorts would be founded under the same name. 1958 // The Center for Economic Restructuring of Azuay, Cañar and Morona Santiago is created. 1973 // Works on the Industrial Park begins. 1973 // Government approves the Law of Industrial Development. 1998 // The current building of the Chamber of Industries of Cuenca inaugurates.