business

Zhu Guoping, president of the group has elected the “Excellent Entrepreneur” by the Ministry of Agriculture, one of the “Ten Famous People of Chinese Town Enterprises”, one of the “China 100 Excellent Veteran Entrepreneurs”, the chairman of Jiangsu Industry and Commerce Union Hardware Branch, one of the “Ten Excellent Youth of Jiangsu Province”. He was also elected representative of the National People's Congress. FEIDA group mainly produces special high-speed tool steel, various sets of bits, series of packing products, and series of electric tools. It has an annual output of 1.25 billion pieces of bits and 35 million tons of high-speed steel, more than 90% of which are exported to countries and districts in America, Europe, the Middle East, Australia and Southeast Asia, etc. The group has branch companies in U.S.A., Germany, Britain and Italy, and offices in Beijing, Shanghai, Guangzhou, Guiyang , Tianjin, Harbin, Chongqing, Shenzhen，Hong Kong，etc. After more than ten years’ expanding and development, FEIDA has become one of the key production bases in the global tool market. Its bit tools account for more than 40% of total export amount in the country, and therefore is praised as the "bit kingdom" of Asia. The company has achieved 5.6 billion yuan production value and contributed 1.05 billion yuan tax in 12 years, FEIDA people are striving to become