Iraeta Energy Equipment Co.

What Iraeta Energy Equipment Co. does

Iraeta Energy Equipment Co. (伊莱特能源装备股份有限公司) is a Sino-Spanish joint venture founded in 2006, headquartered in Jinan (Zhangqiu District), Shandong Province, China, that manufactures ultra-large-scale forged components for advanced energy and industrial equipment. The company specializes in heavy ring rolling and near-net-shape forming technology, producing seamless rolled rings up to 21.029 meters in diameter (a Guinness World Record achieved in January 2026, surpassing its own 2022 record of 15.673 meters), wind turbine flanges covering the 15-25MW class, fourth-generation nuclear reactor support rings, hydropower components, and marine engineering forgings. Its proprietary "Metal Construction + Additive Forming Technology," co-developed with the Li Yiyi Academician Team at the Chinese Academy of Sciences Institute of Metal Research, enables production of ultra-large nuclear-grade austenitic stainless steel components from small billets. The company operates an integrated production chain from short-process steelmaking through forging, heat treatment, and precision machining, supported by 150+ patents and 40+ international certifications.

Iraeta serves as a qualified supplier to a broad enterprise customer base including CSSC Haizhuang, CRRC Zhuzhou, Dongfang Electric, Goldwind, Shanghai Electric, Vestas, ThyssenKrupp, CRCC, and China's fourth-generation nuclear program, across eight application segments: nuclear power, hydropower, wind power, marine engineering, high-end refining/oil and gas, advanced equipment, special alloys, and metal mining. The company holds a Guinness World Record for the largest seamless rolled steel ring, a Guinness record for its previous 15.673m nuclear support ring, and AEO Advanced Certification, the highest World Customs Organization credit rating for foreign trade.

The business model is direct enterprise sales with custom project-based pricing—no public catalog pricing exists. Each order is individually quoted based on material grade (carbon steel, alloy steel, stainless steel, titanium alloy, aluminum alloy), dimensions, weight, complexity, and required quality certifications (nuclear-grade, API, etc.), with multi-year contract cycles typical. Distribution is exclusively direct: the company operates wholly-owned subsidiaries in Jining (generator retaining rings) and Shanghai (international trade and strategic accounts), plus a jointly controlled European manufacturing subsidiary FIHI (Forjas de Iraeta) in Spain's Basque Country, serving 50+ export countries. The company is designated as the China-Spain Clean Energy and Offshore Engineering Equipment Innovation Demonstration Point.

Name

Iraeta Energy Equipment Co.

Legal name

伊莱特能源装备股份有限公司

Website

https://iraeta.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Iraeta Energy Equipment Co. is a Sino-Spanish joint venture founded in 2006 that manufactures ultra-large-scale forged components, including wind power flanges, nuclear reactor support rings, and hydropower forgings, for global OEMs and energy operators across eight industrial verticals.

Ownership category

akta.pro rank

Product category

Heavy Industrial Forgings

NAICS

Custom Roll Forming (332114), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Metalworkg Machinery & Equipment (3540), Industrial Process Furnaces & Ovens (3567)

akta.pro primary industry

Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE)

akta.pro secondary industries

Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets) (EUAMAHAL), Tooling, Jigs, Fixtures & Molds for Airframe/Composite Manufacturing (IMABAEAI)

Keywords

• Heavy forged components
• Wind power forgings
• Industrial ring rolling
• Energy equipment manufacturing
• Nuclear grade forgings

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Custom Forged Component Manufacturing: Iraeta manufactures large-scale custom forged components for energy and industrial applications. Products include wind power flanges, nuclear power support rings, hydropower components, marine engineering forgings, oil & gas pressure vessels, kiln tyres, grinding balls, and specialized rings. Revenue is generated through project-based one-time product sales with long sales cycles driven by custom engineering requirements and large order values. The company also has an integrated steelmaking capability that supplies internal raw materials for forging, reducing costs and ensuring material quality control.
2. Customized Product Design & Engineering Services: Bespoke engineering design and process development for ultra-large, complex forged components. Includes material selection consultation, forging process design, heat treatment optimization, and quality inspection services bundled with product delivery.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels11 records

Core offering

Iraeta Energy Equipment Co. manufactures ultra-large-scale custom forged components for advanced industrial equipment. Its products include wind power flanges, bearing rings, kiln tyres, pressure vessel shells, drive rings, generator retaining rings, hydroelectric forgings, transition sections, pipe flanges, gearbox forgings, forged shafts, and grinding balls, serving nuclear power, hydropower, wind power, marine engineering, high-end refining, advanced equipment, special alloys, and metal mining sectors. The company operates integrated production from steelmaking through forging, heat treatment, and precision machining, with a verified capability of producing seamless rolled rings up to 21.029 meters in diameter.

Product overview

Iraeta Energy Equipment Co. (伊莱特能源装备股份有限公司) is a leading manufacturer of high-end forged components for advanced equipment. The company offers two main product categories: Star Products featuring 11 flagship offerings including wind power flanges, shells, kiln tyres, bearing rings, drive rings, pipe flanges, gearbox forgings, forged shafts, grinding balls, hydroelectric forgings, and transition sections; and Customized Products including rings, shells, discs, forged shafts, profiling rings, precision machining, die steel, grinding media, and special metals. The portfolio serves eight major application areas: nuclear power, hydropower, wind power, marine engineering, high-end refining/oil and gas, advanced equipment, special alloys, and metal mining. Key differentiators include ultra-large seamless rolled rings (up to 21.029m diameter, Guinness World Record holder), heavy-duty drive rings for offshore wind pile driving, and specialized generator retaining rings. The company operates with integrated manufacturing capabilities from materials preparation through forging, heat treatment, and precision machining.

Differentiator

Problem solved

Functional benefit

Brands

• FIHI (Forjas de Iraeta): 伊莱特在西班牙巴斯克地区的先进制造基地,拥有60余年锻造生产经验,在欧洲风电市场中占据重要地位,是中西清洁能源与深海工程装备创新示范点。

Products and services

• Wind Power Flanges (海上风电锻件) Large-diameter wind turbine tower flanges for offshore and onshore wind farms, covering 15-25MW turbine capacity range. Supplied to global wind OEMs including CSSC Haizhuang (25MW), CRRC Zhuzhou (20MW), Dongfang Electric (18MW), Goldwind (16MW), Shanghai Electric (16MW), and Vestas (15MW).
• Pressure Vessel Shells (压力容器筒节) Forged and rolled shell forgings with superior performance and shorter delivery cycles, used in pressure vessels for nuclear power, high-end refining, and offshore engineering.
• Forged Kiln Tyres (轮带) Forged kiln tyres for rotary kilns in cement and mining industries; over 1,000 units delivered worldwide since 2018 as a higher-durability replacement for cast tyres.
• Bearing Rings (轴承环) Large-diameter bearing rings for wind turbines, shield machines, marine engineering, and tunneling equipment. Iraeta is one of fewer than 10 global manufacturers of large-diameter offshore wind bearing ring forgings.
• Drive Rings for Pile Hammers (打桩锤用替打环) Heavy cushion rings (drive rings) for hydraulic pile hammers used in offshore wind foundation construction, with diameters up to 8.5 meters, supporting pile driving hammers up to 3,500 kJ.
• Pipe Flanges (管道法兰) Industrial pipe flanges for energy and manufacturing applications.
• Gearbox Forgings (齿轮箱锻件) Forged components for wind turbine gearboxes, supporting the drivetrain of renewable energy systems.
• Forged Shafts and Bars (锻棒锻轴) Forged shafts and bars for various industrial equipment and power generation applications.
• Grinding Balls (钢球) Wear-resistant grinding balls and media for mining and mineral processing operations.
• Hydroelectric Forgings (水电锻件) Core forgings for hydroelectric power stations including yoke rings and magnetic pole rings, verified for high-speed, high-centrifugal-force environments; supplied to the world's largest pumped storage stations.
• Transition Sections (过渡段) Transition sections for pressure vessels used in high-end refining and chemical processing applications.
• Generator Retaining Rings (发电机护环) Critical components for large power generators, including dual 18-nitrogen (1Mn18Cr18N) high-performance retaining rings for hydropower and thermal generators. Supplied to Shanghai Electric Motor Factory and Harbin Electric Machinery.
• Ultra-Large Seamless Rolled Rings (超大直径一体成形无缝轧环) Record-breaking seamless rolled rings with diameters up to 21.029 meters for fourth-generation nuclear power and other critical applications. Held as Guinness World Record holder for largest seamless rolled steel ring (prototype).
• Customized Ring Forgings (环类) Customized ring forgings manufactured using integrated rolling and near-net-shape forming technology for customer-specific applications.
• Customized Disc Forgings (盘类) Customized disc forgings for industrial equipment and power generation systems.
• Profiling Rings (仿形环) Special profiled ring forgings with complex geometries for specific equipment requirements.
• High-Precision Machining (高精度加工) High-precision machining services for forged components requiring tight tolerances.
• Die Steel (模具钢) Die steel materials for manufacturing tooling and molds.
• Special Metals (特种金属) Special metal alloys including titanium alloys and other advanced alloys for aerospace and high-end manufacturing applications.

Named customers14 records

Segments8 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core, major and supporting.

• Zhong船海装 (CSSC Haizhuang)coreStrategic or Co-development PartnerIraeta supplied 25MW offshore wind turbine flanges (12m diameter, 219 tons total, 16 pieces) for China's largest single-capacity offshore wind turbines. This represents Iraeta's deep integration into the next-generation offshore wind supply chain for the Chinese market.
• Chinese Academy of Sciences Institute of Metal Research (中国科学院金属所) - Li Yiyi Academician TeamcoreStrategic or Co-development PartnerLong-standing R&D partnership since 2015 (李依依院士工作站). Jointly developed metal construction + additive forming technology for nuclear-grade austenitic stainless steel components. Currently collaborating on high-temperature gas-cooled reactor pressure vessels and thorium-based molten salt reactor components.
• Tianduan (天锻) and Watts (沃茨)coreTechnology or IntegrationJoint development of super big ring rolling machine capable of producing 21-meter diameter seamless rings. The machine enabled production of the 21.029m Guinness World Record ring and nuclear reactor components.
• Shandong Zhonghang Taida (山东中航泰达)coreStrategic or Co-development PartnerPartnership for manufacturing ultra-large autoclave forgings (热压罐锻件) for composite forming equipment. Iraeta produced 4 pieces with max diameter exceeding 10m, creating a new domestic record for the largest autoclave forgings, supporting aerospace and high-speed rail composite manufacturing.
• CRRC Zhuzhou (中车株洲), Dongfang Electric (东方电气), Goldwind (金风科技), Shanghai Electric (上海电气), Vestas (维斯塔斯)coreStrategic or Co-development PartnerIraeta has supplied flanges and components for nearly all global 15-25MW next-generation offshore wind turbines, including 20MW CRRC, 18MW Dongfang Electric, 16MW Goldwind and Shanghai Electric, and 15MW Vestas turbines.
• Tsinghua University (清华大学)coreStrategic or Co-development PartnerJoint research and development of high-temperature gas-cooled reactor pressure vessel shells (高温气冷堆用压力容器筒节) for fourth-generation nuclear power.
• Shanghai Electric Nuclear Group (上海电气核电集团), Shanghai Electric Power Generation Equipment Co. (上海电气电站设备有限公司)majorStrategic or Co-development PartnerStrategic partners attending Iraeta's 2026 Shanghai product launch. Long-term cooperation in nuclear and power equipment components.
• Siemens, ThyssenKrupp, Mitsui & Co., SBM Offshore, Valmet (驻沪外资企业)majorStrategic or Co-development PartnerInternational industrial companies attending Iraeta's 2026 product launch in Shanghai, representing potential or existing commercial partnerships across Siemens (industrial equipment), ThyssenKrupp (kiln tyres and industrial components), Mitsui (trading/integrators), SBM Offshore (FPSO/marine), and Valmet (automation/industrial).
• Ouye (欧冶) - Baowu Steel's Digital Supply Chain PlatformmajorStrategic or Co-development PartnerOuye high-level delegation visited Iraeta in March 2026 to discuss deepening strategic cooperation in digital production, supply chain collaboration, and informatization platform synergies.
• Spanish Gestamp (海斯坦普)coreStrategic or Co-development PartnerAs the automotive components division of Iraeta's Spanish joint venture partner (里贝拉斯家族企业), Gestamp operates in 24 countries with 100+ factories. Iraeta Chairman accompanied Spanish King Felipe VI to Gestamp Beijing factory during the November 2025 state visit to China.
• China Forging Industry Association (中国锻压协会)supportingOthersChina Forging Industry Association副理事长韩木林 attended Iraeta's 4-piece Zhonghang Taida autoclave forging shipment ceremony, highlighting Iraeta's role in advancing China's forging industry global influence.

Scale indicators12 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• China National Erzhong Group (二重): Major Chinese heavy forging peer specializing in nuclear forgings, large-diameter rings, and pressure vessel components. Directly competes for nuclear, wind, and metallurgical forging contracts in the China market.
• Doosan Enerbility (formerly Doosan Heavy Industries): Korean power equipment OEM and large forging customer/supplier with deep capabilities in wind, hydro, and nuclear. Comparable end markets and customer base (utility-scale power OEMs), although Doosan also manufactures complete turbines.
• Voith Hydro: German-Austrian hydropower equipment major consuming comparable large forged components (magnetic yoke rings, generator retaining rings, runner components). Iraeta's hydropower forging segment targets the same pumped storage and large-hydro buildout.
• China First Heavy Industries (CFHI / 中国一重): China's largest heavy forging equipment manufacturer. Closest peer to Iraeta in scale, customer overlap (Chinese nuclear and hydropower OEMs), and product breadth across large ring, shaft, and shell forgings for nuclear and power generation.
• SIF Group: Netherlands-based manufacturer specializing in large-diameter ring rolling and welded foundation structures for offshore wind. Directly comparable in the offshore wind monopile/transition piece space Iraeta serves via bearing rings and pile leg flanges.
• Andritz Hydro: Austrian hydropower equipment manufacturer (turbines, generators) which consumes large forged yoke rings and rotor components comparable to Iraeta's hydropower forging portfolio for pumped storage and run-of-river stations.
• Scot Forge: US-based custom open-die forging specialist producing large rings, shafts, and cylindrical components for industrial, energy, and defense end-markets. Comparable in manufacturing process (heavy forging) and customer profile (heavy industrial OEMs).
• Aubert & Duval (Eramet): French tier-1 superalloy and large forging specialist for nuclear, aerospace, and energy applications. Comparable in supplying ultra-large nuclear-grade components and high-spec industrial forgings for European OEMs, which Iraeta also serves via FIHI.

Broad incumbents

• ATI (Allegheny Technologies): US specialty metals and forging major producing nickel-based alloys, titanium, and large industrial forgings for aerospace, energy, and nuclear. Comparable in advanced materials and forgings, although ATI serves a wider portfolio including aerospace airframes.
• ThyssenKrupp Steel Europe: German heavy industrial conglomerate with forging/material capabilities across cement kiln, power generation, and steel processing. Iraeta has supplied ThyssenKrupp with forged kiln tyres, illustrating their relationship as both customer and broader competitor in heavy industrial forgings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/@IraetaForgings
• Facebookfacebook.com/iraetaforgings
• LinkedInlinkedin.com/company/10247076/admin/dashboard

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iraeta Energy Equipment Co.