Jinan Haoyang Casting and Forging has collaborated with the German SMS Group to jointly establish a China-Europe Wear-resistant Materials Joint Laboratory. With an investment of 5 million euros, they are developing ultra-fine grain alloy forging balls. The goal is to increase the fatigue life by 1.8 times compared to international standards. The laboratory will introduce SMS' digital control technology and will apply for 5 EU patents within three years. The performance of the first 120mm steel ball will exceed the German standard. It is expected to increase annual export volume by 120 million yuan and promote the upgrading of wear-resistant material industries in Zhangqiu.