During the fifteenth ¡°Five Year Plan¡± period, we renovated slew bearing technology in its second period, developed steel tube substitution product, improved foundry production ability, labor processing ability to ensure industrial added value, total production value. Sales amount increased 12%,10%, 10% and profit increased over 15% respectively on average.

Shandong Laiyang Heavy Machinery Factory is a first grade, medium scale state owned company with total area of 540 thousand square meters, 228 million yuan assets, and 4000 workers, locates at Laiyang municipality in middle part of jiaodong peninsular, which possess beautiful scenery, condign weather, and convenient transportation.

The company has strong technological advantage and renovation ability with 470 specialists including one researcher, one vice-researcher, 28 senior technologists, 165 intermediate technologists, and over 1800 intermediate level labor. It has the ability to design and develop large scale, complete set of machine and forge, cast, heat process, welding, machine process, galvanization. Our equipments have been used in machinery, metallurgical, plastic and textile industries.

After year¡¯s reform and renovation, the value of state owned assets has been kept or added and profit increased. The company has been certificated by ISO organization in 1998 and updated to 2000 version certificate in Nov. 20003. The company¡¯s products enjoy high fame in the market; steel tube with ¡°xinyuan¡± brand has gain many honors awarded by province. We have set up completed sales service network covering Bingjing, Shanghai, Chongqing, Daliang, SHengyang, Daqing, Nanjing, Zhengzhou, Xian, Wuhan, urumchi, Chengdu, Guyang, Lanzhou, Jinan, Qingdao, and economy developed regions by taking the principle of standing in Jiaodong peninsular, facing the province, and taking the whole country in sight.