Quanzhou Shuangyang Diamond Tool Company Ltd., is a novel and hi-tech enterprise with economic strength and scientific research power, founded in 1994 with a total investment of 100 million RMB, occupying 86, 000 square meters. The company possesses three factories and one research and development center. The number of staff and employees is 500, including 50 researchers. It keeps the guideline that "Science and Technology Are Foundation Stone; Quality is Competitiveness", reinforce and perfects the quality managerial system, and has been granted the Certificate of International Quality Managerial certification system ISO9001, Certificate of International Environment Protection Managerial System ISO14001, Certificate of International Vocational Health & Security Managerial System GB/T28001, Germany Certificate of MPA, and Swiss Certificate of SGS.
For more than a decade, the company has been driving at the scientific research on the diamond tools and cemented carbide tools, and has firmly established and accumulated technical foundation, mainly manufactures product series, including diamond tool circular blades, diamond segments, diamond wires, diamond gang saws, diamond polishing pads, diamond cup grinding wheels, diamond fickert abrasive, diamond satellite abrasive, diamond resin fickert abrasive, diamond profile wheels, diamond core drills, cemented carbide blades, etc. The company has become one of the most professional diamond and cemented carbide tools manufacturers that have the longest history, possess the most comprehensive facilities and equipment, are with the premium techniques, produce on the largest scale, make the highest profit.

Since the establishment, the company has kept initiating, enhancing investment in research, and building up had boosting itself as the innovation enterprise. FEIYAN, the brand of products the company turns out, was awarded and granted several times with the title of The National Key Novel Products.