Zhejiang Kaida Machine Tool Group Ltd was founded in 1952 and has a history of more than 40 years in manufacturing lathes. It is a key enterprise of Zhejiang provincial machine tool industry, and a National Key High-tech Enterprise. In 2001, the company was appraised as one of the 30 Excellent Enterprises in Kernel Competitive Force of Chinese machinery Industry. In 1987 the enterprise was appraised as the first lot of "Provincial Civilized Unit" and "Provincial Advanced Enterprise" by the provincial government. In 2002, the companys CNC lathes of "National Victor" brand were awarded the title of "Provincial Famous Product". In 2004 lathe series machines are confirmed as "National Inspection Exemption Product". Having complete quality and safety guarantee system, the company got the Certificate of Registration for ISO9001 in 1997 and CE in 1999. It was confirmed as "Provincial Model Enterprise of Integrity" in 2004. The company has a full set of equipment including that of forging, machining, heat-treating, sheet metal processing, assembling and painting, with a production capacity of annual 8000 sets of lathes and other machine tools. It has advanced key equipment, such as Japanese horizontal machining centers, British laser blade, American double column milling machine, high precision cylindrical grinder, worm wheel grinder, double column guide way grinder, and CNC sheet metal bender, spindle dynamic balancer, laser intervention measuring instrument and other precision apparatus. The enterprise has the ability of plotting, designing, precision machining, quick producing and servicing different products, from engine lathes to full function CNC lathes or vertical machining centers; from main machines to electric parts; from standard machines to specialized electro-machinery integrated production lines. Since 2003 it has cooperated with the world famous lathe manufacturer 600 UK Ltd to produce high level CNC lathes. The enterprise has the power of import and export and its products are well sold to 25 provinces, autonomous regions and municipalities in China and exported to more than 50 countries and regions.