Luoyang Zhongde Heavy Industries Co., Ltd, whose predecessor was Luoyang Mining Machinery Cement Equipment Factory, was founded in 1959. Over the past fifty years, it has made significant contribution to the economic development in China. In 1995, it took the lead in changing into the joint stock company, which brought rapid development to the company. In 2006, the old factory relocated into the larger modern industrial workshop in Luoxin Industrial Park. It covers an area of 9800 square meters, which includes 6200 square meters modern heavy industrial workshops with employees over 2800. It is the manufacturing and export base for heavy mining machinery in China.