In 1998, due to the Asian financial crisis, export orders began to decline significantly. EST decided to enter the field of China's motor car cutting tools. And EST began the modernization in 1 999. At that time, EST was extremely low on funds and could not afford to buy imported equipment, so EST mortgaged all assets to the bank, obtained a loan of 850000 Deutsche Mark, and bought the first German REFORM CNC spline grinder and started manufacturing car broaches.