Huixiang precision machinery corporation founded in 1994 is located in the state-class High & New Tech Industry Development Zone in Luoyang and is a privately-run stock enterprise engaged mainly in the development and manufacture of modular machine tools. It is also a "High & New Enterprise" approved by the Henan Province Commission of Science and Technology.

The corporation occupies an area of 25,000 square meters and has a constructed area of 6,000 square meters being installed with a series of high-qualify and precision equipment, it has built nearly 400 units of modular machines in total for tooling industries of combustion engines, tractors, automobiles, motorcycles etc. And today has a capability to produce 100 units of machines per year.
In recent year the corporation has became the largest private enterprise for manufacture of modular tools in china as a result of devoting major efforts to developing NC modular machine tools and quasi-flexible manufacturing system.