The company was founded in 2001. The company belongs to the world's top 500 China Machinery Industry Group Co., Ltd. (China Machinery Group). It is a platform for China Machinery Group's precision business development, a gathering platform for Seiko talents, and a carrying platform for Seiko brands. The company has three core enterprises, namely Luoyang Bearing Research Institute Co., Ltd. founded in 1958, Zhengzhou Abrasives Grinding Research Institute Co., Ltd. founded in 1958, and China Machinery Industry International Cooperation Co., Ltd., founded in 1981. In addition, the company currently hosts two companies, Baige Abrasives Co., Ltd. and Chengdu Tool Research Institute Co., Ltd. The company's main business covers R&D and manufacturing, industry services and technical consulting, trade services, etc. in the bearing industry, abrasives industry and related fields, and is divided into five major business segments: new materials, basic components, machine tool tools, high-end equipment, supply chain management and service. The company's main products are diamond composite discs, composite superhard materials for diamond drawing dies and cutting tools, special bearings represented by aerospace bearings, precision machine tool bearings, large (extra large) bearings for heavy machinery, electric spindles for machine tools, V-CBN grinding crankshaft/camshaft wheels, ultra-thin cutting wheels and dicing knives for semiconductor packaging, dicing knives for wafer cutting, polysilicon and monocrystalline silicon grinding wheels, grinding polysilicon and monocrystalline silicon grinding wheels, grinding wheels for CNC tools, diamond grinding fluids Mixing equipment, molding and sintering equipment, high pressure equipment, gas phase deposition equipment, testing Equipment, non-standard customized automated production lines, intelligent unit workstations and processing and testing equipment, international platforms and domestic platform-related businesses. Company honors: 2010 China's top 500 machinery companies; important member units; 2011 China's top ten most competitive brand enterprises, etc.