Lifeng Precision Tools (Zhejiang) Co., Ltd. was founded in 2008. It is mainly used in the production of various standard and non-standard carbide indexable inserts (matching tool holders), cermet inserts and other products, as well as the PVD physical coating of the inserts. and other areas of technology application. The company won the Zhejiang Provincial Science and Technology Progress Award in 2021, and in 2022 won honors such as the National High-tech Enterprise, the Zhejiang Provincial High-tech Enterprise Research and Development Center, the Zhejiang Provincial Specialized and New Small and Medium-sized Enterprises, and the Top 100 Industrial Enterprises in Wenling City.