Shandong Binzhou Forging and Pressing Machinery Factory (Binzhou Drilling Rig Factory) was found in 1953, is a state owned enterprise dealing in development, manufacture and marketing of various engineering machinery, forging and pressing machinery and construction machinery. It takes a land area of over 191988 square meters and the total building area of over 35000 square meters. There have a complete equipments and workshops of forging, heat treatment, machining and assembling. The products