Shandong Hengwang Heavy Industry Machinery Equipment Co., Ltd. is affiliated to Shandong Hengwang Group. The group was founded in 2011 with a registered capital of 100 million yuan. After more than ten years of development, it has now developed into an innovative technology enterprise integrating design and development, manufacturing, international trade, e-commerce, network services, and logistics and transportation. The factory covers an area of more than 100,000 square meters and currently has more than 1,000 employees. In October 2024, the Hengwang Machinery Equipment Intelligent Production Base with a total investment of 1.01 billion yuan and an area of more than 200,000 square meters will be completed and put into production in Jibei High-tech Industrial Park.