Chinese drill tools are aggressive, constantly pioneering and innovating, and have realized the role change from manufacturing to creation. China's drill bit tool industry is developed, but more of it stays at the stage of manufacturing and processing. Although China has a vast market advantage, as a single enterprise, it still has not formed its own scale advantage and industrial advantage. If Chinese drill tools want to truly be based in the world of tools, they can only start from their own, strengthen scientific and technological innovation, and strictly require international standards, actively introduce world advanced technologies, and enhance the technological content and core competitiveness of drill tools.
Our brand GREAT, established in 2010, specializes in the processing and research of steel and diamond materials, involving the R&D, design, production and sales of petroleum equipment No-Dig. So far, we must become the top material supplier of PetroChina, Sinopec and CNOOC.
We have a production area of 40,000 square meters in the Development Zone of Hejian City, Hebei Province, and have a number of internationally leading advanced production lines. These production lines feature turning and milling, five-axis linkage, and high-performance diamond processing. The annual production capacity exceeds 10,000 bits from 3" to 36", reaming bits from 8"-72", such as PDC bits, tri-cone bits, rock reamers, core bits, dual core bits. It is this kind of company that leads Chinese drill companies to go further and further on the road of brand creation and quickly integrate with global brands.
After years of development, China's drill bit industry has formed a certain scale and plays a major role in the development of the national economy. The market economy system of free competition has led to changes in the structure of China's drill bit industry. Some drill bit industries have introduced advanced technology and excellent equipment, optimized raw materials, implemented global marketing strategies, and sought new profit growth points.
The acceleration of economic globalization and the rapid rise of China's economy have brought an unprecedented situation to the Chinese drill industry: on the one hand, there is fierce market competition, on the other hand, there are great opportunities behind the competition. Who has seized this opportunities, whoever wins the market and masters the initiative in competition.