Cangzhou Great Drill Bits Co.,Ltd new no. 2 workshop invested in new downhole power tools project. Now the progress has been 70%. 20 processing centers have been purchased and installed. It is expected that the trial production at second half of 2019.The technology of this project has filled the gaps in China, the drilling time has been significantly shortened, the penetration rate has been significantly increased, the cost has been saved considerably.And at same time 200 jobs have been provided, the output value is expected to reach 250 million yuan, and tax are 50 million yuan.