FEIDA group was founded in April.1992, a private export-oriented scale manufacturing enterprise and holding company in Jiangsu Province. It is located in Binjiang Development Zone of Danyang with very convenient transportation, to the south of 101 Expressway, and the north of the Yangtse River. Both of its geographical advantage and cultural environment make it a star enterprise in the city. Through over ten years¡¯ development, the group has become a well-known international enterprise with trans-regional and trans-national Culturees, combined the Culturees of bit tool, steel, panel, chemical product, packing, electric tool and real estate, as well as united science, industry, trade and transportation. FEIDA has been listed the first among the 20 top private enterprises in Zhenjiang, the 10th among the 50 top ones in the whole province, the 42nd among the 100 biggest town enterprises of the industry, and the 194th among the 1000 biggest town enterprises that export products and earn foreign exchange. It has been awarded the title of ¡°Enterprise with Good Credit¡± by the country many times. It has also been awarded the titles of ¡°Jiangsu New and High-tech Enterprise¡±, ¡°Excellent Jiangsu Private Enterprise¡±, one of ¡°Jiangsu Top Ten Private Export Enterprises¡±, one of ¡°China 1000 Manufacturers¡±, one of ¡°China 500 Top Mechanical Enterprises¡± and ¡°Advanced Export Enterprise¡±. 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 stronger and stronger, with their hard work, courage, insistence and honesty.