The predecessor of the company is a foreign-funded enterprise invested by South Korea. It was established in March 1995 with a total investment of 12.5 million US dollars and a registered capital of 5 million US dollars. Use flexible steel wire rope, spring steel wire, galvanized steel wire rope, phosphating steel wire for optical cable, galvanized steel wire for optical cable, PVC coated steel wire rope. Wire rope, wire rope, stainless steel wire rope, etc.

The company covers an area of 30,479 square meters, with a construction area of 10,301 square meters.

The company is located at No. 9, Shihua Road, Fuqiao Town, Taicang City, Suzhou, Jiangsu Province, where the Zhenghe River is anchored in the Western Ocean. It is 50 kilometers away from the center of Shanghai, 90 kilometers away from Suzhou in the west and 60 kilometers away from Nantong in the north.

On July 7, 2021, Shanghai Xingmai Trading Service Partnership (Limited Partnership) and Nantong Xinshengda Trading Co., Ltd. obtained 100% shareholder transfer rights of the former investment shareholders of Rongxing (Taicang) Wire Rope Co., Ltd., with a registered capital of 4145.46 million. And it has been approved and filed by Taicang Administrative Examination and Approval Bureau.

At present, the company mainly produces and sells high-end steel wire ropes, and the cables for synchronous belts are being developed.