Shandong Iraeta Heavy Industry Co., Ltd is currently working in fields such as petrochemical engineering, new energy, electricity transmission and distribution, mechanical engineering, CNC machinery and mining. In 2016, the company was listed in NEEQ and in the same year, it began its large forgings manufacturing project, establishing a high-quality factory with an investment of RMB550 million, covering an area of 80,000 square meters. The world’s first 16-meter super powerful rolling mill was introduced from Germany’s SMS group, effectively resolving the current problem of high dependence on imports for domestic high-precision forgings, thereby providing strong support for manufacturing of key components for large equipment in China. At the same time, the company established a joint venture with Spain’s IBARMIA – Shandong IBARMIA CNC Machinery Manufacturing Co., Ltd., which introduced various high-precision multi-axis CNC processing centers, to create a precision CNC equipment manufacturing base for Chinese customers, as well as covering the South Asia market. To meet new opportunities, situations and requirements for the company’s development, the company implemented strategic restructuring of its internal management, and established a sales company, five management centers and eight business divisions. The management team now has clearer rights and responsibilities and more effective executive powers. We look forward to having talented people join us in IRAETA.