Workers assemble precision machinery and tools at a workshop of Zhejiang Meiri Intelligent Equipment. [Photo/Tide News]

Workers at a workshop of Zhejiang Meiri Intelligent Equipment, a company based in Taizhou, East China's Zhejiang province, were busy assembling precision machinery and tools on Jan 9, preparing for upcoming order deliveries.

Founded 20 years ago, the company specializes in manufacturing small, specialized tool grinders and precision machinery. With an annual output value of 150 million yuan ($21.5 million), its products are sold in over 90 countries and regions. Eighty percent of its exports go to developed countries such as Japan and Germany.

In recent years, the company has continuously updated and expanded its product lineup to meet evolving market demands, driving significant technological advancements. The company has evolved from producing single grinding machines to offering a comprehensive range of products, including tool grinders, tapping machines, and universal tool grinders.

According to a recent S&P Global market report, Meiri Intelligent Equipment has maintained the top position in global tool grinder sales for five consecutive years.