Jiangsu Xuzhou Metalforming Machine Group Co., Ltd. ("Xuduan") was founded in 1951. It covers an area of 250,000 square meters with construction area of 150,000 square meters. With assets of 400 million Yuan, it is awarded with Grade AAA Credit Enterprise and Jiangsu Province Quality Reliable Enterprise for succesive years. At present, its main products include various kinds of H type, C type, high speed, hydraulic press and complete equipment of servo press which are widely used in industries such as high speed stamping, household electrical appliances and automobile.In 2014, Xuduan Group has been successfully transformed from State-run Ownership to Hybrid Ownership. The majority shareholder is Furen Group a famous private enterprise in Jiangsu Province, with 80% shares. New Xuduan adheres to the enterprise target of "Century of Xuduan brand gives top priority to science and technology" and the enterprise spirit of "becoming the first-class intelligent metalforming equipment system integrators.