Jiangsu Feida Drill Bit Co., Ltd. is one of the major producers of high-speed steel twist drills in China and has a high reputation in the global tool industry. The company established a subsidiary in Germany in 1996. "Feida Drill Bit" has become a well-known independent brand in Europe and maintains close partnerships with international famous cutting tool distributors such as Bosch, Walter, and Kennametal. Over 80% of its main product, twist drills, are exported to more than twenty countries and regions including Germany, the United States, Switzerland, and Sweden.