Casing

With registered capital of 322.69 million yuan, Freet Company is composed of seven branches and six holding subsidiaries. Among the 1,763 employees, 38 have academic title of senior rank, 157 have academic title of middle rank, and 625 have college diplomas. The company possesses 600 sets of equipment, of which 18 are professional production lines and 70 testing equipment. The company covers an area of 97.3 hectares and is comprised of four industrial zones.  The No. 2 Industrial Zone is located in the Shengli Industrial Zone in Dongying District, Dongying City. Covering an area of 35.1 hectares, it is involved in the production of ERW steel pipes, casings and top drilling drives, with an annual production of 120,000 ton, 120,000 ton and 60 sets respectively. The production capacity of this zone hits 2 billion yuan.