Zhejiang Fangquan automotive fasteners CO.,LTD, founded in 1979, has its own brand "YLB rivet nut". In 2009, Fangquan Industrial Park was established in Shendang Town, Haiyan County, Zhejiang Province, covering an area of 100,000 square meters, with more than 200 employees, specializing in the production of rivet nut series products, as a large-scale rivet nut production base in the Asia-Pacific region.

The company has strong technical force, advanced technology and equipment, and has more than 20 patents for rivet nuts. It has in-depth strategic research and development cooperation with Wuhan University of Technology School of Automobile. Now it has won the series of honors such as "National High-tech Enterprise", "Zhejiang Manufacturing Word Mark Enterprise", "Rivet Nut Municipal R&D Center", "Automobile Intelligent Manufacturing Digital Factory", etc.