The company, which was approved by Jiangsu Provincial Sports Reform Commission (1993), “Approval to Establish Jiangyin Steel Rope Co., Ltd.” on March 18, 1993, was approved by Falsheng Group Co., Ltd. (formerly Jiangsu Steel Rope Group Co., Ltd., its predecessor was Jiangyin Steel Rope Factory) as the main sponsor. It was jointly initiated by five organizations including China Metallurgical Import and Export Jiangsu Company, Qingdao Rubber Factory 6, Shandong Antai Rubber Co., Ltd. (formerly Zaozhuang Rubber Factory), and the Liaoning Hardware and Mineral Products Import and Export Corporation. The company, which was established through targeted recruitment, received No. 1394792509 Business license for corporate legal entities. The company is mainly engaged in metal products business and environmental protection business. The main products and services are the production and sale of metal products, sales of environmental protection equipment and environmental protection services, respectively.