Zhejiang Kaida Machine Tool Co., Ltd is situated in Zhuji City, the native place of Xishi who was one of the four famous beauties in Chinese history. The transportation facilities here are very convenient. Freeways and railways directly link up with Hangzhou, Shanghai, Ningbo and other cities. It takes only 45 minutes to drive to the Hangzhou Airport. The company was founded in 1952 and has a history of more than 50 years in manufacturing lathes. It is a key enterprise of Zhejiang provincial machine tool industry, and a National Key High-tech Enterprise. Through 1997's ownership reform, it has been changed from a state-owned company to a private joint-stock company.

In 1987 the enterprise was appraised as the first lot of "Provincial Civilized Unit" by the provincial government. In 2002, the company's CNC lathes are awarded the title of "provincial Famous Product". In 2004 lathe series machines are confirmed as "National Inspection Exemption Product. " The company has complete quality and safety guarantee systems and got the Certificate of Registration for ISO9001 in 1997, CE in 1999, ISO 14001 in 2005 and provincial measuring system certificate in 2006. It was confirmed as "Provincial Model Enterprise of Integrity " in 2004, In 2006 China Machinery Industry Association awarded it the title of "Enterprise of Modern Management in Machine Building Industry". In 2007 it was confirmed as " National Key High-tech Enterprise" by Ministry of Science and Technology. In 2008 China Machine Tool & Tool Builders' Association awarded it the titles of "The Top Ten Enterprises of Export", "The Top Ten Enterprises of Independence Innovation" and "The Top Ten Enterprises of Activitles of Elaborately Creating Brand", It also got the honor of "The Top 500 Enterprises of China Manufacturers" from World Enterprise Competittive strength Laboratory and China Industrlal Economy Research Institute. The trade mark "National Victor" was confirmed as the national famous brand.

The company has west City, East City and Shuangqiao three branch areas with a total space of 32 hectares. It has a full set of equipment including that of forging, machining, heat-treating, sheet metal precessing, assembling and painting, with a production capacity of annual 15000 sets of lates, CNC milling cachines, Vertical and horizontal machining centers.