Cutting tools department was set up by Ferrotec (China) to produce and sell WAGEN T.C. saw blade
with agents in 20 cities, Wagen broadened its sales network all over the country.
Wagen saw blades entered the internationalmarket,sales net work cover Asia Europe and American Market.
Wagen Precision Tooling Co.,Ltd became an independent company from former department with registered capital of 382 million JPY.Because of it’s manufacturing and sales ability,Wagen Precision Tooling Co.,Ltd became a supporting branch company of Ferrotec Group China.
Ferrotec Group China added 150million JPY to Wagen to establish PCD cutting tools line,enrich cutting tools kinds,fully enter precision tools market.
Ferrotec Group China added 320million JPY to Wagen for enlarging the production capacity,
Fulfilling customers’ requirement of WAGEN products.
Wagen precision was rated as state-level high tech Enterprises in year 2014. It means the level of R&D of Wagen Precision is at the advanced level inthe same industry.
Metal cutting cold saw blade program was list as Demonstration Projects of national torch program in year 2015.
Wagen Precision enlarged the investment of metal cutting saw blade program in year 2018.Wagen Precision invested15 Million RMB for PVD coating production line. Meanwhile Wagen Precision set up a new modern highprecisioncutting tools factory in DaJiangdong Industry Park.