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About Us

Shareate Tools Ltd. (referred to as "Shareate"), founded in August 2005, is an international manufacturing service provider specializing in cemented carbide materials, rock drilling tools, and comprehensive mining services. The company integrates research and development, manufacturing, sales, and services. Headquartered in the Suzhou Industrial Park, Shareate has multiple R&D, production, and manufacturing bases in Suzhou, Wuhan, Zhuzhou, Guiyang. It has established sales and service subsidiaries in the United States, Australia, Canada, South Korea, and other regions. It holds nearly 40 domestic and international subsidiaries, including Australasian Mining Services, American Mining Services and Drillco Chile. In October 2021, the company was officially listed on the Shanghai Stock Exchange's STAR Market (stock code: "688257").

After years of accumulation, the company has developed a comprehensive core technology system in the fields of cemented carbide and rock drilling tools, achieving vertical integration from cemented carbide production to rock drilling tool manufacturing and comprehensive mining consumables services. Currently, the company's business covers five major areas: cemented carbide, rock drilling tools, cutting tools, petroleum instruments and meters, and mining exploration services. Its main products include rotary bits, DTH tools, top hammer drilling tools, and cemented carbide (mining tool alloys, cutting tool alloys, and wear-resistant tool alloys), which are widely used in petroleum, automotive, infrastructure, mining, electronics, machinery, and new energy industries. The company's products are sold in over 60 countries and regions across Asia, Europe, Oceania, Africa, and the Americas. Shareate is a direct supplier to global iron ore giants such as BHP, Rio Tinto, and FMG, and has entered the supply chains of Vale in Brazil and CODELCO in Chile through distributor channels.

The company places great emphasis on R&D investment, with annual R&D expenditure accounting for nearly 5% of its sales revenue. Currently, the company holds 478 valid authorized patents, including 72 invention patents, 380 utility model patents, and 26 software copyrights. The company has obtained API certification and the triple system certifications for ISO9001 quality management, ISO14001 environmental management, and ISO45001 occupational health and safety management.

From product premiumization and brand internationalization to industrial diversification, the company is committed to empowering customer value through technological breakthroughs, safeguarding sustainable development with green intelligent manufacturing, and creating the future of the industry through open collaboration. Shareate aims to become a leader in rock drilling tools in China and an international manufacturing service provider for cemented carbide materials and tools. We look forward to working with global partners to forge a stronger industrial foundation on the path to revitalizing national industry and taking on social responsibility, creating lasting value for society.

HISTORY

----1983

In 1983, kingdream drilling tools factory imported the cemented carbide production technology and equipment from Hughes of the United States and purchased the first low-pressure sintering furnace in China.

2004----

In 2004, Suzhou Shareate Tools Ltd., located in the Suzhou Industrial Park was initiated as a new materials division of Kingdream Drilling Tools.

----2005

In 2005, a new tool and die factory was opened in Qianjiang, Hubei Province, enabling the mass production of cemented carbide and conventional tooling products.

On August 25, 2005, the Suzhou Kingdream Shareate Tools Company was registered.

2006----

The Suzhou manufacturing plant was completed and put into operation during April 2006.
In 2006, the company's self-developed, sealed-bearing roller cone bits were successfully launched, filling a void in our mining bit portfolio. The sealed bearing products, of advanced international standard, increased the drilled footage drilled by more than 50% compared to open bearing products.

----2008

In September, 2008, the first batch of cemented carbide rod products was completed, marking an important breakthrough in the company’s industrial product development.

2009----

By March, 2009, the first DTH drilling tools were produced. The successful development and implementation of these tools delivered comprehensive, advanced mining tool solutions to our customers.

----2010

On September 9, 2010, the Suzhou (Phase II) manufacturing plant and the Enterprise Technology Center were founded, enabling products to be manufactured in high volumes and to the highest levels of quality.

2011---

In May 2011, we implemented an Enterprise Resource Planning (ERP) system, to facilitate upgrading of the manufacturing management processes.

---2012

In May 2012, the company carried out the joint-stock reformation of the business, establishing Shareate Tools Ltd., and capitalizing on the opportunities enabled by a modern business management system.

2014---

In April 2014, Shareate’s ultra-fine, cemented carbide round bar product was recognized with "Jiangsu High-Tech Product" status. The following month, the company’s science and technology project "Development of Cemented Carbide Die Materials for High-speed Precision Cold Heading Forming" was approved by Suzhou Science and Technology.

----2015

In October 2015, the company was awarded the Jiangsu Province Enterprise Certification. December of that year saw Shareate step into the capital market.

2016----

In 2016, the company acquired Australasian Mining Services Company (AMS), creating a strong platform for the international growth strategy of the company.

----2017

On March 16, 2017, the company signed an agreement with the Caidian District of Wuhan City, to invest and build a factory in Changfu Industrial Park, a significant component in the company’s expansion strategy, and marking a new round of high-speed growth.

2018---

On July 14, 2018, the foundation laying ceremony of Wuhan Shareate Tools Ltd. was held in Changfu Industrial Park, in Caidian Economic Development Zone. This is a major construction milestone in the transformation and upgrading strategy of Shareate’s secondary factory. The construction period is expected to take two years. On its completion, it will deliver a significant contribution to facilitate the continued growth and development of Shareate Tools Ltd..

In 2018, the company established a branch called American mining services(AMS) in the USA

----2022

January: Acquired controlling stake in Zhuzhou WeCan Cutting Tools Co., Ltd.

April: Established DHI in the United States as a holding company.

June: Registered and established Canada Shareate tools Canada Limited.

August: Acquired controlling stake in HOPH Rock Tools Co., Ltd.

September: Registered and established Shareate Korea Co., Ltd.

December: Acquired controlling stake in Hubei Jianghan Petroleum Instrument & Meter Co., Ltd.

----2024

March: The Ministry of Foreign Affairs organized representatives from 28 countries and international organizations to visit the headquarters of Shareate in Suzhou.

May: Acquired controlling stake in SuZhou D&M Precision Machinery Co., Ltd.

----2025

In April, Shareate acquired Australia's Drillers World, expanding our service coverage to mining and geotechnical engineering sectors across Eastern Australia.

In February, Shareate acquired 100% ownership of Chile's Drillco, significantly strengthening our global market presence and expanding manufacturing, sales, and service networks across South America and worldwide.

Our Mission

To deliver added value to customers; to contribute to society; to succeed and share happiness with our employees, partners and shareholders.

Corporate Vision

Becoming China industry-leading rock drilling tools provider globally renowned manufacturer and service provider of cemented carbide material & tools

Core Values

Caring for employees, paying attention to customers, and caring for society

Corporation Value

Perform all our activities with diligence, honesty, and integrity.