1999

2023-12-21 16:03:51 恒锋工具股份有限公司 Viewd 19

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.