What Zhejiang Kaishan Compressor does

Zhejiang Kaishan Compressor (开山集团股份有限公司) is a Chinese industrial machinery manufacturer founded in 1956 in Quzhou, Zhejiang Province, and now headquartered in Shanghai's Lingang Pilot Free Trade Zone. The company is listed on the Shenzhen Stock Exchange (ticker 300257) since August 2011 and operates as the main operating entity of Kaishan Holdings Group (开山控股集团). It designs and manufactures a comprehensive portfolio of compression and power generation equipment, including screw air compressors, portable compressors, scroll compressors, centrifugal compressors (150kW-6600kW range via the Kaitec sub-brand), process gas compressors, refrigeration systems, fluid machinery, and expansion power generation equipment. Its proprietary Y-series screw rotor profiles, developed by Dr. Tang Yan (8 US patents), underpin approximately 15% of global screw rotor production and anchor the company's technical differentiation.

Kaishan runs a vertically integrated manufacturing platform with 85% of components produced in-house across four Chinese manufacturing bases (Quzhou, Shanghai/Lingang, Chongqing, Shunde) and three overseas plants: KCA in Loxley, Alabama (Phase 2 expansion completed September 2025); LMF (Leobersdorfer MaschinenFabrik) in Leobersdorf, Austria (acquired 2016, 175-year heritage in high-pressure reciprocating compressors); and KCT in Izmir, Turkey (operational June 2026). The company employs 4,500+ people globally, including nearly 2,000 technical professionals and 360 overseas staff, and operates through 14 manufacturing and R&D centers and 70+ subsidiaries.

The business operates four revenue streams: (1) compressor and equipment hardware sales through a 2,000+ domestic Chinese dealer network and direct overseas subsidiaries in 90+ countries; (2) geothermal power plant operations under long-term power purchase agreements, with the SMGP plant in Indonesia generating approximately $130 million annually and Kenya plants contributing additional recurring revenue; (3) green ammonia and green fertilizer production, with the $800 million Kenya Olkaria project projected to generate $220-250 million annually once operational; and (4) aftermarket services and spare parts. Customers span petrochemical (Sinopec Zhenhai), steel and hydrogen metallurgy (HBIS, China Baowu), government/state utilities (KPLC, PLN, KenGen, GDC), and electronics OEMs (Foxconn, TSMC supply chain). The company is in an active multi-year transformation from a compressor manufacturer into an integrated green energy operator, with the geothermal expansion (Indonesia, Kenya, Turkey, Hungary, USA EGS) and green fuels build-out (Kenya Olkaria, Halliburton EGS MoU, East China University research partnership) defining the strategic trajectory.

Name

Zhejiang Kaishan Compressor

Legal name

开山集团股份有限公司

Website

https://kaishancomp.com

Company type

Public

Founded year

1956

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Kaishan Compressor is a Chinese industrial machinery manufacturer producing screw compressors, centrifugal compressors, process gas compressors, and modular geothermal power stations for petrochemical, metallurgy, energy, and manufacturing customers across more than 90 countries.

Ownership category

akta.pro rank

Product category

Industrial Compressors and Geothermal Power Generation

NAICS

Air and Gas Compressor Manufacturing (333912), Pump and Compressor Manufacturing (33391), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Oil & Gas Field Machinery & Equipment (3533), Refrigeration & Service Industry Machinery (3580), Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Air & Gas Compressors (General Purpose) (IMAHANAE)

akta.pro secondary industries

Process Gas & High-Pressure Compressors (IMAHANAF), Pump & Compressor Packages (Skids, Booster Sets) (IMAHANAG), Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF), Compressors, Refrigeration Components & Condensing Units (IMADANAG)

Keywords

• Industrial air compressors
• Geothermal power generation
• Process gas compressors
• Expander power equipment
• Green hydrogen ammonia

Headquarters

HQ city

Quzhou

HQ country

China

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Compressor and Equipment Sales: Sale of industrial compressors including screw air compressors, centrifugal compressors, process gas compressors, scroll compressors, and portable compressors. Equipment also includes expansion power generation units, refrigeration equipment, and fluid machinery.
2. Geothermal Power Station Operations: Development, construction, and operation of geothermal power plants generating electricity sold under long-term power purchase agreements. Revenue from power generation and capacity fees. SMGP plant in Indonesia generates approximately $130M annually. Menengai III and KK01 plants in Kenya generating approximately $15M annually each.
3. Green Ammonia/Green Fertilizer Production: Kenya Olkaria project will produce 200,000 tonnes/year of green ammonia and 480,000 tonnes/year of green fertilizer, expected to generate $220-250M annual revenue
4. Professional Services: Aftermarket services, spare parts, and technical support through service network

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Kaishan Group manufactures and sells industrial compressors including screw air compressors, portable compressors, scroll compressors, centrifugal compressors, process gas compressors, and fluid machinery for industrial applications globally. The company has also expanded into geothermal power generation through modular geothermal power plants, expansion power generation equipment, and green ammonia/hydrogen production systems, with operations spanning manufacturing, EPC project delivery, and direct power generation in Indonesia, Kenya, Turkey, and the USA.

Product overview

Kaishan Group is a diversified industrial manufacturing and power plant operation company offering a comprehensive portfolio of compressor and power generation equipment. The core product lines include screw air compressors, portable compressors, scroll compressors, centrifugal compressors, fluid machinery (vacuum pumps and blowers), process gas compressors, refrigeration equipment, expansion power generation equipment, and purification equipment. The company operates multiple sub-brands including LMF (high-pressure reciprocating compressors from Austria), Kaitec (high-end centrifugal compressors), and Ganey/正力精工 (oil-free compressors). Key technology platforms include proprietary Y-series rotor profiles, ORC expansion power generation, and modular geothermal power plant systems. The company also offers IoT-enabled compressed air solutions through its i-Kaishan platform and is expanding into green hydrogen/ammonia equipment as part of its energy transition strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Screw Air Compressors (螺杆式空气压缩机) Fixed and variable speed screw air compressors for industrial applications, featuring proprietary Y-series rotor profiles for high efficiency and energy savings.
• Portable Compressors (移动式螺杆空压机) Electric and diesel engine driven portable screw compressors for construction, mining, drilling, and infrastructure applications, including explosion-proof models.
• Scroll Compressors (涡旋式压缩机) Small displacement scroll compressors (0.5-3 m3/min) with simple structure, low vibration, high reliability, and 98% volumetric efficiency.
• Centrifugal Compressors (离心式压缩机) T-series and H-series centrifugal compressors with customized impeller and diffuser design, 150kW-6600kW power range, 4-850 m3/min flow, 2-20 bar pressure.
• Fluid Machinery (流体机械) Includes screw vacuum pumps, oil-free screw blowers, magnetic levitation blowers, and dry pump series for industrial applications.
• Process Gas Compressors (工艺气体压缩机) Dry and oil-flooded screw process gas compressors for petrochemical, chemical, coal chemical, and energy industries, handling various gases including hydrogen, CO2, methane, and ammonia.
• Refrigeration Equipment (冷冻设备) Industrial and commercial refrigeration systems including screw compression units, condenser units, brine units, and ammonia-based systems for chemical, food, and pharmaceutical industries.
• Expansion Power Generation Equipment (膨胀发电设备) Screw expander power generation systems including direct expansion and ORC (Organic Rankine Cycle) units for waste heat recovery, geothermal power, and biomass energy applications.
• Purification Equipment (净化设备) Compressed air treatment including refrigerated dryers, adsorption dryers, combined dryers, filters, air pre-coolers, oil-water separators, nitrogen and oxygen generation systems.
• Screw Chillers (螺杆式冷水机组) Water-cooled screw chillers with cooling capacity 226-1829kW, heating capacity 233-1909kW, outlet temperature -10 to 60°C for HVAC and industrial process cooling.
• LMF (Leobersdorfer Maschinenfabrik) High-Pressure Reciprocating Compressors Austrian subsidiary product line of high-pressure reciprocating compressors for hydrogen, natural gas infrastructure, mobile compression, and hydrogen energy applications, with 175-year history.
• Modular Geothermal Power Plants (模块化地热电站) Proprietary modular geothermal power generation systems utilizing screw expanders and ORC technology for geothermal energy extraction, including direct expansion and organic Rankine cycle modules.
• Green Ammonia/Hydrogen Equipment (绿氢/绿氨设备) Hydrogen dry screw compressors for green hydrogen production, CO2 compressors, and integrated systems for green ammonia, methanol, and fertilizer production from renewable energy sources.
• KRSV Series Oil-Flooded Screw Vacuum Pump Oil-flooded screw vacuum pump using flexible exhaust port and variable frequency drive technology for precise control under different operating conditions; won 2025 Plant Engineering Gold Award.
• KPE Series Portable Electric Rotary Screw Air Compressor Electric mobile air compressor featuring liquid-cooled permanent magnet motor with liquid-cooled variable speed drive, adjustable pressure up to 1,600 CFM, 40-350 HP, 80-190 psig.

Quantifiable outcome

• ORC axial turbine isentropic efficiency of 93.8%, compared to industry standard 82-85%
• +4 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and major.

• Halliburton Energy ServicescoreStrategic or Co-development Partner · 1 July 2026Strategic cooperation memorandum signed July 2026 for collaboration in EGS (Enhanced Geothermal System) development, downhole micro modular nuclear applications, and green hydrogen/ammonia projects. Halliburton brings high-temperature/high-pressure drilling, hydraulic fracturing, directional drilling, and digital intelligent drilling technologies. Combined with Kaishan's modular geothermal power equipment and full geothermal value chain capability.
• East China University of Science and Technology (华东理工大学)coreStrategic or Co-development Partner · 1 July 2026Joint establishment of 'Green Fuel and Chemical Research Institute' signed July 1, 2026. Partnership focuses on green ammonia, green methanol, high-end equipment, and future energy strategy research. Leverages university's Chemical Engineering and Low-Carbon Technology National Key Laboratory with Grade A ranking in national discipline evaluations.
• Power Planet, Inc. (PP)coreStrategic or Co-development Partner · 6 March 2026Cooperation agreement signed March 2026 for joint development of Enhanced Geothermal System (EGS) resources at Humboldt House geothermal resource area in Nevada, USA. PP brings EGS drilling technology and expertise; OME provides resource rights, power, Star Peak plant, grid capacity and equipment. Target of 200-500 MW EGS resources.
• China Wuhuan Engineering Co., Ltd. (中国五环工程有限公司)majorImplementation/ SI/ Consulting Partner · 19 November 2025Contract signed for urea patent technology license and detailed design services, plus urea patent proprietary equipment supply for Kenya Olkaria green ammonia project. Wuhuan is leading Chinese engineering design institute for fertilizer plants with 70 years of experience.
• China Road and Bridge Kenya (中国路桥肯尼亚分公司)majorImplementation/ SI/ Consulting Partner · 1 November 2025Partner for Kenya Olkaria project construction activities. Part of the Belt and Road Initiative infrastructure cooperation.
• KenGen (Kenya Electricity Generating Company)coreStrategic or Co-development Partner · 27 October 2025Steam Supply Agreement signed for Kenya Olkaria project - KenGen will supply geothermal steam for 165.4 MW power generation. Partnership includes joint development of geothermal resources and green ammonia production. KenGen is Kenya's state-owned geothermal developer operating East Africa's largest geothermal field at Olkaria.
• SKF (斯凯孚)majorStrategic or Co-development Partner · 18 January 2025Strategic cooperation framework agreement renewed January 2024. SKF is a global leader in bearings and sealing solutions. Long-standing strategic partnership for bearings and components supply in Kaishan compressors.
• Geothermal Development Company (GDC) - KenyacoreStrategic or Co-development Partner · 1 October 2024GDC is Kenya's state-owned geothermal developer providing steam supply for Menengai geothermal projects. Kaishan has constructed multiple geothermal plants using GDC steam resources.

Scale indicators18 records

Recent moves14 records

Expansion highlights7 records

Direct peers

• MAN Energy Solutions: German turbomachinery manufacturer serving power, geothermal, and oil & gas markets. Comparable to Kaishan in geothermal turbine/expander technology and high-pressure compression (via the former Cryostar/HOERBIGER reciprocating compressor businesses), with deeper European installed base.
• Atlas Copco: Sweden-based global leader in industrial compressors, with direct overlap in screw air compressors, oil-free compressors, and compressor service. The dominant benchmark for Kaishan in the global industrial compressor market, with deeper Western service networks.
• Ingersoll Rand: American diversified industrial manufacturer specializing in compressors, blowers, and fluid handling. Directly comparable to Kaishan in industrial screw compressors and oil-free compressors, with overlapping customer base in petrochemical, mining, and general manufacturing.
• Ormat Technologies: Israeli-American geothermal power company and equipment manufacturer using ORC technology. Directly comparable to Kaishan in modular geothermal power plants and binary cycle (ORC) equipment, with overlapping customer base in geothermal developers.
• Kobelco (Kobe Steel Compressors): Japanese manufacturer of screw compressors for industrial applications. Comparable to Kaishan in screw compressor technology platforms and energy efficiency positioning, with strong presence in Asia.
• Hanbell Precision Machinery: Taiwanese manufacturer of screw compressors, scroll compressors, and centrifugal chillers. Directly comparable to Kaishan in screw and scroll compressors for industrial and HVAC applications, with strong position in semiconductor and electronics customers.
• Fusheng Group: Taiwanese industrial compressor manufacturer with global distribution. Closest direct competitor to Kaishan in the screw air compressor category, with comparable product portfolios in stationary and portable compressors.

Broad incumbents

• Baker Hughes: American energy technology and services company with turbomachinery (Nuovo Pignone), drilling, and geothermal services. Comparable to Kaishan in high-pressure compression and emerging geothermal development, but with broader oilfield services scope rather than specialized equipment focus.
• Mitsubishi Heavy Industries: Japanese diversified industrial conglomerate with compressors, turbines, and energy systems. Broader incumbent compared to Kaishan, with overlapping products in centrifugal compressors, steam turbines, and turbomachinery but as part of a much wider portfolio including aerospace and ships.
• Siemens Energy: Global energy technology company with turbomachinery and renewable power capabilities. Comparable to Kaishan in steam turbines, generators, and geothermal power plant scope, but as part of a much broader energy portfolio including grid technology and hydrogen.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zhejiang-kaishan-compressor-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries17 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 Zhejiang Kaishan Compressor