Hardware industry association in Yueqing applied for the collective trademark which was approved by  the state administration for industry and commerce trademark office.  This is the first collective trademark which is applicable to  all the products of class 7 drill(machine) and class 8 drill (Hand tools).

Hibiscus town in Yueqing, the largest manufacturing place for producing drills, occupies the 80% market in Chinese and  sells the products to overseas countries. The successful registration plays a huge role on improving the collective advantage and the core competitiveness of products in Yueqing.