Hui Xiang Precision Machinery Corporation founded in 1994 is located in the state-class High & New Tech. Industry Development Zone in Luoyang and is a privately-run stock enterprise engaged mainly in the development and manufacture of modular machines, numerical control machines and non-standard equipments. In the year of 2000 the corporation has manufactured 120 sets of modular machines of which 50% are precision-type and has made over 700 sets since 1994. According to 1999 report given by the Study Center of the Ministry of Machine Building Industries, Hui Xiang was ranked at No.7 place in the modular machine makers in China according their yearly production.