CITIC Heavy Industries

What CITIC Heavy Industries does

CITIC Heavy Industries Co., Ltd. (CITIC HIC) is a Chinese state-affiliated heavy-equipment manufacturer headquartered at 206 Jianshe Road, Jianxi District, Luoyang, Henan. Established in 1953 as one of the national key construction projects of China's First Five-Year Plan (originally as Luoyang Mining Machinery), CITIC HIC has operated for more than 60 years and is currently a publicly listed A-shares company (Shanghai Stock Exchange: 601608) within the CITIC Group conglomerate. The company employs 10,000+ staff and operates one of the largest dedicated heavy-equipment manufacturing facilities in the world, focused on single-site production of oversized mining and mineral-processing machinery.

CITIC HIC's product portfolio spans eight core equipment categories that together cover the mineral-processing value chain: grinding mills (ball mills, rod mills, SAG mills), crushers, vertical stirred mills, high-pressure grinding rolls (HPGR), mine hoists, vertical roller mills, rotary kilns, and wear-resistant liners. The company serves primarily large-scale mining operators (iron ore, copper, gold, phosphate, and other bulk and base-metal mines) and, secondarily, cement producers. Named enterprise customers cited in the company's project record include Vale SA (Brazil), Ma'aden (Saudi Arabia Wengfu Phosphate), Vedanta (South Africa), Sino Iron (Australia, 240,000 t/d iron ore project), Phonesack Group (Laos KSO gold project), and Erdenet Mining Corporation (Mongolia copper project). Each project involves delivery of multiple large-diameter units (e.g., Ø9.75×4.88m SAG mills, Ø7.9m×13.6m ball mills), demonstrating qualification on the highest-capacity mining applications globally.

CITIC HIC earns revenue through project-based, custom-manufactured capital equipment sales (hardware revenue model) priced via individual quotation on a multi-year contract basis. Distribution is exclusively direct enterprise sales, with go-to-market executed through direct engagement, industry exhibitions, and website-published case studies rather than channel partners. Pricing is not publicly disclosed and varies with equipment size, specification, and project complexity. The company provides full-lifecycle support from consultancy and manufacturing through factory trial operations to after-sales service, addressing mining and cement operators' need for reliable, high-capacity grinding and comminution equipment with minimal maintenance downtime.

Name

CITIC Heavy Industries

Legal name

CITIC Heavy Industries Co., Ltd.

Website

https://citic-hic.com

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CITIC Heavy Industries (CITIC HIC) is a China-based, CITIC Group-owned heavy-equipment manufacturer producing large-scale grinding mills, crushers, hoists, kilns, and related machinery for global mining and cement operators through custom, project-based capital equipment sales.

Ownership category

akta.pro rank

Product category

Heavy Mining and Mineral Processing Equipment

NAICS

Mining Machinery and Equipment Manufacturing (333131)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Grinding & Milling Equipment (IMAHAMAF)

akta.pro secondary industries

Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems) (IMAKANAB)

Keywords

• Heavy mining equipment
• Mineral processing machinery
• Cement production equipment
• Ore grinding mills
• Industrial crushing equipment

Headquarters

HQ city

Luoyang

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Heavy Equipment Manufacturing and Sales: CITIC HIC generates revenue through the manufacture and sale of heavy industrial equipment for mining and mineral processing. Equipment includes grinding mills, crushers, mine hoists, rotary kilns, vertical roller mills, and liners. Revenue is primarily from one-time capital equipment sales to mining operators and cement producers, with projects often involving multiple units and long lead times.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CITIC Heavy Industries manufactures and sells large-scale heavy industrial equipment for mining, mineral processing, and cement production operations. The company produces an integrated equipment portfolio including grinding mills, crushers, mine hoists, rotary kilns, vertical roller mills, high pressure grinding rolls, vertical stirred mills, and wear-resistant liners, supplied globally to mining operators and cement producers under custom project specifications.

Product overview

CITIC HIC offers a comprehensive portfolio of heavy industrial equipment for mining, cement, and mineral processing operations. The product line centers on eight core equipment categories: Grinding Mills (including ball mills and rod mills), Crushers, Vertical Stirred Mills, High Pressure Grinding Rolls, Mine Hoists, Vertical Roller Mills, Rotary Kilns, and Liners. These products form an integrated equipment suite for the complete mineral processing value chain, from primary crushing and grinding through to material handling and thermal processing. The company also provides manufacturing capabilities and trial operation services to support its equipment offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Grinding Mills

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• TAKRAF Mining TechnologycoreStrategic or Co-development Partner · 2 December 2025TAKRAF Mining Technology and CFHI Tianjin (CITIC Heavy Industries) signed a cooperation framework agreement in Beijing on December 2, 2025, to jointly develop the open-pit mining equipment market in China. The partnership leverages technology and manufacturing expertise to promote safer, smarter, and greener mining solutions. This represents a strategic step in TAKRAF's global expansion and commitment to sustainable mining in China.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• FLSmidth: Danish OEM of grinding mills, crushers, pyro-processing and material handling equipment for the global cement and mining industries — the closest Western competitor to CITIC HIC across ball mills, SAG mills, HPGRs and rotary kilns.
• Metso: Finnish-headquartered global leader in mining and aggregates processing equipment, including grinding mills, crushers and wear parts — directly competes with CITIC HIC on large-mill and comminution equipment for major mining operators.
• Weir Group: UK-listed engineered-products company supplying grinding mills (via the historic Trio/ESCO and later acquired LINATEX/Allied brands), pumps and comminution wear parts to mining operators globally — overlaps with CITIC HIC's mill bodies and liners portfolio.
• Loesche: German family-owned specialist in vertical roller mills for cement, slag, ore and coal grinding; directly comparable to CITIC HIC's vertical roller mills and vertical stirred mills product line for cement and mineral processing.
• TAKRAF (TSK Group): German manufacturer of open-pit and underground mining equipment, including hoisting, conveying and crushing systems; CITIC HIC's December 2025 framework partner and a natural competitor in heavy mining capital equipment globally.
• Sandvik Mining and Rock Solutions: Swedish supplier of underground mining equipment, crushing and screening solutions and rock tools; comparable to CITIC HIC's crushing and mine-hoist offerings within the underground mining capex cycle.
• KHD Humboldt Wedag: German supplier of comminution and pyro-processing equipment — including roller presses (HPGRs), ball mills and rotary kilns — competing head-to-head with CITIC HIC in cement and mineral processing plants.
• ThyssenKrupp Polysius (tk Industrial Solutions): German engineering division offering polysius-brand grinding, pyro-processing and material handling systems for cement and mining — a longstanding Western competitor across the same ball-mill, kiln and HPGR categories that CITIC HIC serves.

Broad incumbents

• Caterpillar (CAT): US-based diversified heavy-equipment OEM with a substantial mining segment; competes more selectively with CITIC HIC in surface mining trucks and loading equipment but is a broad incumbent across the mining capex domain.

Emerging players

• Sinoma International (CNBM): Chinese state-owned EPC contractor and equipment supplier for cement plants and mineral processing — overlaps with CITIC HIC's rotary kiln, vertical roller mill and cement-industry segments in both the domestic China and Belt-and-Road customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/citic-hic-australia-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about CITIC Heavy Industries