JFMT was founded in 1944 and has history of 70 years. Mao Zedong, Liu Shaoqi, Zhu De and other national leaders visited the factory and gave guidance in many times. With unremitting efforts, several generations of JFMT people created many pride and brilliance in the industry of machine tool: JFMT was one of the “Top 18″ factories during the “First Five-Year Plan” period in the industry of machine tools in New China, was the process model factory in the industry of machine tools in China from the “6th Five-Year Plan” to the “8th Five-Year Plan” period, was the first machine tools enterprise that awarded the international quality certification ”ISO9001″ in China, won the championship of foreign exchange in the industry of machine tools, and then awarded “China famous brand products” of CNC lathe, “Top ten CNC value of output ” and other honors, etc.
At present, JFMT is the wholly-owned subsidiary of the listed company Shandong Weida Machinery Co., Ltd. The “Middle and top grade CNC machine tool industrial park” with a total investment of RMB 1.2 billion Yuan is located in the National Economic Development Zone in Mingshui, Zhangqiu. The area is 286,800 square meters and it was put into operation in January 2015. At present, JFMT has more than 800 employees, including more than 200 technicians, and the total assets is RMB 1.105 billion Yuan and fixed assets is RMB 838 million Yuan. Based on the brand advantage of JFMT and the the market advantage of WEIDA Group, the advanced management concept of WEIDA and new management system were introduced to realize the transformation and upgrading strategy, and the long-term development of the JFMT.