At present, the foreign countries attach great importance to the research of superhard material and cutting tools. They are working on the R & D all the time. There are new ideas, new technology and new products almost every year. Chinese enterprises of cutting tool have their own special features in the field of superhard cutting tool through the development of more than 10 years.

The high-speed, high-efficiency and precise cutting tools are still not used widely, which has seriously hampered the economic development of our country and the shift to the strong manufacturing country. The high-speed, high-efficiency and precise cutting tools made by China will have the huge development space within 5-10 years as the sharp increase of labor cost and rise in price of raw material. It is necessary to discuss deeply the manufacturing process and cutting-tool engineering to improve the production efficiency of Chinese manufacturing, products precision and added value.

The “high-precision, high-efficiency and environmental protection” is the development direction of modern manufacturing industries. Market shares of superhard cutting-tool increases by years, which is improved by increasing quantity of processing service provided by Wald for the world famous manufacturers of cutting-tool composites.

Chinese manufacturers face great challenges during this economy transformation: how to shift from labor intensive to high-end precision manufacturing, even made by China? The key issue that manufacturing industry faces is to “increase the efficiency and reduce the cost” based on the quality improvement. And superhard cutting-tool fit in with the development direction of modern manufacturing industry. It can use ‘turning instead of grinding ‘ and it can be dry cutting without cutting fluid, especially it has the unique advantages in the field of difficultly processed material, such as advanced composite material.