The predecessor of Henan Hongyuan Wheel Joint-stock Company was Anyang Steel Rolling Factory which was founded in 1965 and has a history of 49 years, it was mainly produce various of profiled steels. Hongyuan began to research and develop section steel of automobile wheel and engineering wheel in 1996, and manufacture section steel and parts of tubeless engineering machinery wheel from 2002. Hongyuan has currently become the only company which includes researching and developing, manufacturing, selling and servicing on automobile wheel, section steel of tubeless engineering machinery wheel, wheel parts and wheel assembly. As a member of Earth Moving Machinery Standardization Committee of China, Hongyuan devotes to formulate, revise and investigate on the standards of earthmoving machinery. In 2006, Hongyuan has host the formulating of JB/T7154 <The Section Steel of Engineering Machinery Wheel Rim/Lock Ring/Gutter>, JB/T7155<The Technical Conditions of Wheel Type Construction Machinery Wheel> and so on. At the same time, Hongyuan pays attention to the application and protection of independent intellectual property rights, since 2008, Hongyuan has owned 30 nationally invention patents and practical technology patents.