Baoding Well foundry machinery co. ltd., founded in 1955, is the largest joint-stock company professionally engaging in foundry machinery research, development, manufacture and service in China. It was transformed to private joint-stock company in 2001 and its predecessor is Baoding foundry machinery company, which was one of national key construction projects of new China’s first five-year plan. It has 1,200 employees and total assets of 1 billion yuan RMB.