Company Profile

Iraeta Energy Equipment Co., Ltd. (Abbreviation"IRAETA") is a manufacturing concern that specializes mainly in a diversified range of products within the forgings industry. Our main products include discs, rings, hollows and special-shaped forgings; grinding balls, rods and liners, mainly used in fields such as wind power, nuclear power, UHV, petrochemical, offshore engineering, machinery manufacturing, mining and other fields.


IRAETA has an important market position in the fields of clean energy, fossil energy, heavy equipment and mining, including:

In the field of wind power, we are the main manufacturer of tower flanges in China, and provided tower flanges for DEC 10MW and GE 12MW;

In the field of nuclear power, we maintain a manufacturing record of diameter 15.8 meters in forging rings worldwide1 ;

In the field of pipe flanges, we have more than 20 years of export experience, and obtained the certification of the eight countries classification society;

In the field of mine grinding, our export volume of forged grinding steel balls ranks among the top five in the industry2;


We have participated in drafting and formulation of 8 industry and association standards regarding wind turbine ring type forging, forging rolling grinding ball, UHV tubular tower flange and forging rolling large cylindrical forging etc. 


IRAETA now has 1 sales company, 5 business divisions, 7 management centers and 1 overseas factory, covering an area of 350,000 mand having over 1,400 employees. For nearly half a century, IRAETA has always been steadfastly devoted to the forging industry. From offshore wind turbines on the Atlantic coast to the oil fields deep in the deserts of the Middle East, to mines in the lofty mountains of Peru, our products have made their mark. Adhering to the values of “honesty, humility, perseverance and work”, IRAETA is committed to creating sustainable value for global customers through high-quality products.


1 According to CCTV, CAS, forgemag.com and so on; 2 According to the statistics of HS73079100 of Btd CCD in 2019. The above data is for reference only, IRAETA reserves the right to interpret.


Introduction

Introduction 


Values, Vision and Mission 


Values and operating guidelines 

Taking values as our operating guideline, IRAETA deeply understands that these operating guidelines are the moral commitment of business operations:


Honesty: Maintain honesty and fairness on important issues and junctures, and treat all concerned parties with sincerity. 

Humility: Care for, respect and understand all customers and employees, and have a humble attitude. 

Perseverance: Establish stable relations with global partners and persist in confronting challenges. 

Work: Pursue highest standards in quality and service to become an industry leader and expert in the field. 


Vision 

IRAETA's vision is to build a safer, greener and smarter future industry for humankind. 

Human society is advancing at an unprecedented speed, and industry is the driving force behind this change. While people hope that the industry will become stronger and more efficient, they also hope it will become safer and greener. As a successor of the ancient forging industry, IRAETA is dedicated to providing high-performance industrial equipment forgings to global customers in a smarter and greener way, to help make humankind's industrial development safer, greener and smarter. 


Mission 

To realize our beautiful vision, we are determined to build the company into the world's leading manufacturer of industrial forgings. 

We consider our clients' successes as our successes, and work with our customers to manage complex engineering and business challenges, and are willing to share our own localized resources in all regions of the world. While creating revenue and growth for our employees, customers and locations, we also strive to create a sustainable return on investment for our investors. 


IRAETA’s Action Plan for 2025 

A journey of a thousand miles begins with a single step. To realize our vision and mission, find what the country needs, practically transform old and new kinetic energy in the forging industry, and realize high-tech digitalization and low-carbonization in the traditional forging industry, we have formulated our own action plan for 2025: 

Management framework: 1 sales company, 5 business divisions, 7 management centers and 1 overseas factory. 

Business model: We enlarge and strengthen our enterprise following the "powerful real economy + internet + capital operation" business model.

Industry level: Achieve comprehensive coverage of industry products from low and mid-end products to mid and high-end products, to high-end and precision products.  

Leading products: Discs, rings, hollows, irregular-shaped forgings; grinding steel balls, steel bars and rods

Product materials: Achieve comprehensive coverage, from ferrous metals to non-ferrous metals. 

Product weight: Achieve comprehensive coverage, from 0.3 kg to 200 tons. 

Product size: Achieve comprehensive coverage,from 73 mm to 16 meters in diameter, and from 12.5 mm to 3 m in height. 

Sales objectives: The company will achieve sales revenue of RMB 65 billion by 2025. 



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