Established in 1997,D&D is an export-oriented business group specializing in R&D , manufacture and sales . It realized an export value of US $60 million in 2005, and it is expected that the figure will hit US $70 million in 2006. It has an R&D center and a marketing center in Qingdao, and a manufactory in Laizhou , Pingdu , Laoshan, Jiaozhou respectively . The company has always placed emphasis on R & D and market development, which absorb about 6% of the company's business income each year. At present, it has 250 products with self-owned intellectual property rights, and 170 patent applications. D & D has a global distribution network .. Currently its products are exported to countries in. South America, Central America, North America (Canada , US), Europe (Italy, France, Spain , Belgium, Holland, Germany , Denmark, Sweden, Austria, UK ) , Asia and Pacific Regions ( Japan, South Korea, Australia, New Zealand),Southeast Asia(India , Thailand , Singapore ,Vietnam)and the Middle East. Most customers have long-term cooperation agreements with D&D. Presently ,.D & D manufactures bench power tools ,. small lathes and lathe accessories . . It has exploited successfully such products as numerically-controlled lathes driven by series excited motors , carpenter ' s. tools and metalworking machines . . At the same time , . it will further OEM/ODM cooperation with foreign companies in order to enhance the company's capabilities in R&D, marketing and management.