Jiangsu Feida Drilling Co., Ltd. is located in Feida Village, Houxiang, Danbei Town, Danyang. It is mainly engaged in the production and sales of cutting tools, and its main product is twist drills. The company's main products have a wide range of applications, and can be used for manual and electric drilling, or on machine tools or even machining centers, or on building materials. It founded a branch in Germany in 1996. Since then, "Feeda Drill" has become a well-known independent brand in Europe, and has maintained close partnerships with international cutting tool sellers such as Bosch, Woolter, and Baide.

After more than 30 years of development, the company has now formed a more than 120 series of cutting tool product structures mainly including seven categories, including CNC hole processing tools, threaded tools, diamond tools, and woodworking tools, with twist drills for CNC machine tools as the core. The company's annual output reaches 1.25 billion pieces, and more than 80% of its products are exported to more than 20 countries and regions including Germany, the United States, Switzerland, Sweden, etc. The company has passed ISO9001 international quality certification, German Rhine TUV, CE, GS, VPA and other international certifications, and has a high reputation in the global tool industry.

Currently, the company has a total of 716 employees. It has established industry-university-research cooperation with Jiangsu University and Huazhong University of Science and Technology, and organized the "Zhenjiang High Cutting Performance Twist Drill Technology Research Center", established and achieved a series of R&D results. The company plans and builds smart factories with high standards and high requirements, and has successfully developed a new intelligent drill bit processing factory on its own. It currently has a fully automated production line with robots and CNC machine tools as the core, and realizes the intelligent equipment based on Ethernet. The data is interconnected and interoperable, and the equipment is automatically operated and maintained and diagnosed, the workshop safety and environment are automatically monitored, and the materials and finished products are fully controlled.

Information technology includes the network system of factory and office buildings, internal and external website systems, company-level mail system, customer relationship management system, product life cycle management system, enterprise resource planning, production and manufacturing execution system of R&D department, and has a complete information security system. The company has achieved integrated production, manufacturing, sales and finance, and has achieved mass production, creating a new era of intelligent production in the drill bit industry.