Zhejiang Kaida Machine Tool Co., Ltd is situated in Zhuji City, the native place of Xishi who was one of the four famous beauties in Chinese history. The transportation facilities here are very convenient. Freeways and railways directly link up with Hangzhou, Shanghai, Ningbo and other cities. It takes only 45 minutes to drive to the Hangzhou Airport. The company was founded in 1952 and has a history of more than 50 years in manufacturing lathes. It is a key enterprise of Zhejiang provincial machine tool industry, and a National Key High-tech Enterprise. Through 1997's ownership reform, it has been changed from a state-owned company to a private joint-stock company.