Why did Danyang Feida Group close down?

Not closed down. According to official website information of Danyang Feida Group, as of September 25, 2023, the Group was still operating normally and did not close down. Danyang Feida Group was established in 1992, and has gradually become a large multinational enterprise group involved in hardware tools, metallurgical heavy industry, port logistics, e-commerce and other fields. , has won the honor of "National Contract-abiding Enterprise", "Jiangsu Private Enterprise 100 Top", "Jiangsu Private Enterprise 100 Top Employment Advanced Unit", "Jiangsu Private Enterprise Taxpayer", "National Torch Plan Key High-tech Enterprise" and "China Top 500 Machinery Enterprise".