The company was founded in 1992 (the former Dongyang Zhenxing magnetic equipment factory), located in Hengdian Town, Dongyang City, Zhejiang Province. It specializes in the production of permanent ferrite and NdFeB magnets, with an annual output of 5000 tons. The products are widely used in automobile repair tools, teaching toys, animal husbandry, cattle magnetic, mineral processing machinery, glass eraser, leather buckle, sound horn, motor instrument, magnetic sensor and other fields. Dongyang City tax more than one million enterprises, the government special award enterprises. At present, the company's products have been exported to the European and American markets and gained good reputation. Welcome new and old customers patronage, common development.