KINGDREAMOIL DRILLING BIT

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KINGDREAMOIL DRILLING BIT

Established in 1998, Kingdream Public Limited Company (hereinafter referred to as Kingdream), State Key New & Hi-tech enterprise, State First Grade Enterprise, is the largest in Asia manufacturing base for oil well drilling bits, mining bits, engineering bits and twist bits and one of the top five manufacturer of oil well drilling bits in the world. The main products, including oil well drilling bits and diamond bits have taken over 60% of the domestic market. After 6-year stable development, the products have been enhanced from single oil well drilling bits to 13 kinds of products, including mining bits, engineering bits, twist bits, cemented carbide products, PDC products, petroleum equipment, environmental protection material, polymer material, bio-information products, decoration material, paper, natural gas engineering, etc, and have been exported to more than 50 countries and regions, including USA, UK, France, Italy, Japan, Canada, Iran, Russia, Uzbekistan, Turkmenistan, Kazakhistan, Indonesia and Sudan, etc. Ever since becoming the listed company in 1998 and by implementing capital operation and diversified development, the business structure of the company has been optimized. The company's core technologies grow rapidly through utilizing the advantages of location, technology and talented persons of Wuhan after the company's headquarter moved to Huagong Hi-Tech. Park, East Lake New & Hi-Tech. Development Zone, Wuhan city. Kingdream company has gradually got into some conventional industries which reformed with information technologies such as petroleum equipment and New & Hi-Tech. fields such as new materials, etc. by establishing sub-companies in Shanghai and Suzhou, and Kingdream Wuhan Natural Gas Sub-company, controlling share in Wuhan Kingdream Oil & Gas equipment Co., Ltd., Chengde Kingdream Petroleum Machinery Co., Ltd., Wuhan Kingdream Sound Barrier Technology Co., Ltd., Wuhan Kingdream Engineering Tool Co., Ltd., Wuhan Kingdream Diamond Bit Co., Ltd., Wuhan Kingdream Reetec Diamond Company Ltd., Shanghai Keter Polymer Material Co., Ltd., Beijing Ethentica Biometric Co., Ltd., Longreen International Investment Co., Ltd., Jiangsu Feida Tool Group Co., Ltd., Jiangsu Changfeng Paper Co., Ltd., Suzhou Kingdream Shareate Cemented Carbide Co., Ltd., Hunan Kingdream Xiangzhong Wood Co., Ltd., share-holding in Huagong Technology Co., Ltd. and Trend Tech. Co., Ltd., China United Media Investment & Management Co., Ltd., In March 2004, the marriage between Kingdream and Jiangsu Feida, the biggest twist bits manufacturer in Asia, has boosted Kingdream an important step on the path of properly diversified strategy on capital operation and market extension.Kingdream consistently pushes technical innovation, sets up its own intellectual properties and has established the R&D center and high efficient technical innovation system. The company has formed the Research Institute for Rock Bit Basic Technologies with Southwest Petroleum Institute. The company has cooperated with experts from Russia and Uzbekistan extensively on R&D projects, and formed long-term cooperative relationship with over 30 universities and/or research institutes in China. Up to now, Kingdream possesses 85 domestic patents in China and 8 foreign patents granted by USA, Russia, etc, and obtains 35 domestic registered brands and 5 foreign registered brands. After finishing the second reconstruction of the rock bit production line, the company owns world advanced scharmann multi-functional machining center, flexible manufacturing systems (FMS), and heat-treatment furnace with nitrogen base controllable atmosphere, etc. Kingdream Public Limited Company has been certified to API/ISO9001 successively, and undertaken the national 863/CIMS project successfully. The manufacturing technology, market reaction speed, and product performance of the company are at the leading level both at home and abroad.In the next decade, Kingdream will be devoted into becoming an enterprise group with diversified business, high technologies and high efficiency operation, and it is committed to provide excellent services to all the customers and to promote the social prosperities and progress with excellent products and services.