Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd.

What Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd. does

Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd. is a subsidiary within Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (珠江石油天然气钢管控股有限公司), a Hong Kong-listed (HKEX: 01938.HK) steel pipe manufacturer founded in 1993. The company designs and manufactures large-diameter welded steel pipes for offshore and onshore oil and gas transmission, serving energy majors (TotalEnergies, Saudi Aramco, Shell, Chevron), national oil companies (CNOOC, Sinopec (中国石油化工集团有限公司), CNPC (中国石油天然气集团有限公司), NNPC, Kuwait Oil Company), EPC contractors (Daewoo), and infrastructure projects (Hong Kong-Zhuhai-Macao Bridge, Shenzhen-Zhongshan Bridge, Dangote Refinery). Operations span 80+ countries across Asia, Africa, Europe, the Middle East, Oceania, and the Americas via three manufacturing bases in Guangzhou Panyu, Zhuhai Jinwan, and Lianyungang Xuwei New District, the latter two of which feature coastline-adjacent loading infrastructure.

The core technology stack includes JCOE and COE submerged arc welding (SAWL), spiral submerged arc welding (SAWH), high-frequency welding (HFW), multi-phase microstructure alloying regulation, advanced non-destructive testing, and in-house coating capabilities (3LPE, FBE, cement weight coating). The company's flagship technical achievement is the world's first successful trial production of 3500-meter ultra-deep subsea oil and gas welded steel pipe (2023), enabling deployment at near 0°C temperatures and 350 atmospheres pressure and breaking a previously Western-dominated bottleneck. Manufacturing produces pipes from 4" to 92" diameter qualified to API 5L PSL1/PSL2, DNV-OS-F101, ASTM A671, and API 2B. The company holds 8 patents and participated in establishing 4 national standards for ultra-deep seabed pipeline technology.

Revenue is generated through project-based, one-time enterprise contracts secured via direct technical qualification and negotiation with energy majors and NOCs; pricing is contract-specific and varies by pipe specification, coating requirements, and order volume. The sales motion is enterprise field sales targeting mega-infrastructure projects such as the 1,443 km TotalEnergies EACOP heated crude oil pipeline (260,000 MT contract) and the Saudi Aramco Marjan Increment program. 2024 revenue reached RMB 29.4 billion (+10.9% YoY) with overseas sales of RMB 22.19 billion (+61.9% YoY); 2025 H1 revenue was ~RMB 13.89 billion (+32.6% YoY). Distribution is direct factory-to-site via self-operated 5000DWT berths and 300mt gantry cranes at the Lianyungang base plus a coastline-adjacent Zhuhai facility, supporting chartered ocean-vessel shipments to project ports worldwide.

Name

Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd.

Legal name

珠江石油天然气钢管控股有限公司

Website

https://pck.cn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Hong Kong-listed (01938.HK) Chinese manufacturer of large-diameter welded steel pipes for offshore and onshore oil and gas transmission, serving global energy majors and NOCs across 80+ countries with proprietary JCOE welding and world-first 3500m ultra-deep subsea pipeline technology.

Ownership category

akta.pro rank

Product category

Steel Pipe Manufacturing for Oil and Gas Transmission

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210), Fabricated Pipe and Pipe Fitting Manufacturing (332996), Oil and Gas Pipeline and Related Structures Construction (23712), Metal Tank (Heavy Gauge) Manufacturing (332420)

SIC

Steel Pipe & Tubes (3317), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)

akta.pro secondary industries

Pipes & Tubing (Metal, Plastic & Composite) (IMADALAC), Industrial Process & Chemical-Resistant Pipe Systems (CPVC/PVDF/PP) (IMANADAF)

Keywords

• Welded steel pipes
• Subsea oil and gas pipelines
• Large diameter pipe manufacturing
• Energy transmission pipelines
• JCOE submerged arc welding

Headquarters

HQ city

Guangzhou (Panyu)

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Pipe Manufacturing and Sales: Design, manufacture, and sale of large-diameter welded steel pipes for oil and gas transmission, serving offshore and onshore pipeline projects globally. Revenue is project-based with one-time large contract wins for major infrastructure projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Panyu Chu Kong Steel Pipe (operating under Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited, HKEX: 01938.HK) designs, manufactures, and sells large-diameter welded steel pipes (4" to 92" diameter) for oil and gas transmission, including world-first 3500m ultra-deep subsea pipelines, land-based transmission pipelines, pipe piles, marine platforms, and structural steel. Production technologies span JCOE, COE-SAWL, SAWH, and HFW processes, with integrated anti-corrosion coatings (3LPE, FBE, cement weight). The company serves global energy, infrastructure, and industrial markets across 80+ countries.

Product overview

珠江钢管 (Panyu Chu Kong Steel Pipe) is a comprehensive steel pipe manufacturing enterprise offering a portfolio of 12 product categories. The core products include submarine oil/gas pipelines (海底油气管线), land-based oil/gas pipelines (陆上油气管线), city gas systems (城市燃气), petroleum refining pipes (石油炼化), pipe piles (管桩), building steel structures (建筑钢结构), water transmission pipelines (输水管道), marine platforms (海洋平台), mining/coal chemical pipes (采矿煤化), anti-corrosion processing (防腐加工), cement counterweight (水泥配重), and pipe fittings with heat treatment services (管件和热处理). The company operates manufacturing bases in Zhuhai and Lianyungang, utilizing production technologies including JCOE, COE-SAWL, SAWH (spiral submerged arc welding), HFW (high-frequency welding), and roll bending processes to produce pipes ranging from 4 to 92 inches in diameter with various wall thicknesses. Key product standards include API 5L PSL1/PSL2, GB/T9711, ASTM A671, and API 2B, serving global energy, infrastructure, and industrial markets across 80+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Submarine Oil/Gas Pipelines (海底油气管线) Steel pipes designed for underwater oil and gas transmission on the seabed, serving as the primary component of offshore oil and gas field development production systems. Product range covers ultra-deepwater (up to 3500m) through shallow water applications for offshore oil and gas field projects globally.
• Land-based Oil/Gas Pipelines (陆上油气管线) Pipeline systems for transporting petroleum and petroleum products, consisting mainly of oil pipelines, pumping stations and other auxiliary equipment, used for crude oil transmission, refined product transport, and natural gas pipelines across continents.
• City Gas Pipeline Systems (城市燃气) Urban gas pipeline systems that deliver natural gas and other gas resources through pipeline networks to various end users in city gas distribution networks.
• Petroleum Refining & Petrochemical Pipes (石油炼化) Steel pipes for crude oil, refined oil products, chemical raw materials and product transportation, structural support and connections in petroleum refining, including crude oil pipelines, refined product pipelines, and chemical feedstock lines.
• Pipe Piles (管桩) Steel pipe piles used in port and wharf construction for bearing码头 (wharf) structures, building breakwaters and revetments, including large-diameter pipes up to 2000mm.
• Building Steel Structures (建筑钢结构) Steel structures composed of steel beams, columns, and trusses made from steel plates, used in large factories, venues, super high-rise buildings, and large solar/energy infrastructure projects.
• Water Transmission Pipelines (输水管道) Water transmission steel pipes with excellent corrosion resistance for transporting liquids, gases, and solids across various municipal water and deepwater outfall applications.
• Marine Platforms (海洋平台) Steel pipes used in offshore oil platforms or drilling rigs as large marine structures for loading drilling and extraction equipment for oil and natural gas.
• Mining/Coal Chemical Pipes (采矿煤化) Steel pipes for transporting coke, coal gas, steam and other raw materials and products in mining and coal chemical industries.
• Anti-corrosion Processing (防腐加工) Anti-corrosion treated steel pipes that effectively prevent or slow chemical or electrochemical reactions during transport and use, using 3LPE, FBE, and cement weight coating capabilities.
• Cement Counterweight (水泥配重) Cement weighting applied to pipelines to increase weight, improve stability, and prevent tilting or overturning during construction and subsea laying operations.
• Pipe Fittings and Heat Treatment (管件和热处理) Heat treatment services for steel pipes and pipe fittings including elbows, tees, reducers, and bends for pipeline projects, using heat treatment furnaces supporting rolled, cast, and forged steel pipe heat treatment.

Quantifiable outcome

• 3500m ultra-deep subsea pipeline capability - world first achievement, breaking technical barriers previously dominated by Western manufacturers
• +3 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered strategic, flagship, major and core.

• Xiamen ITG Metal (厦门国贸金属有限公司)strategicStrategic or Co-development Partner · 9 July 2025Memorandum of cooperation signed on June 30, 2025, for steel product supply and market collaboration. Both parties agreed to strengthen coordination in steel supply and market development.
• TotalEnergiesflagshipStrategic or Co-development Partner · 1 November 2024Company invited to TotalEnergies 2024 Global Supplier Conference in Paris as one of only four suppliers to share experience. Listed as key pipeline supplier for TotalEnergies' major projects including Tilenga and EACOP.
• TotalEnergies (道达尔能源)flagshipStrategic or Co-development Partner · 1 April 2023Major strategic partnership for EACOP (East African Crude Oil Pipeline) project - world longest heated crude oil pipeline at 1,443km. Company secured exclusive supply contract for approximately 260,000 MT of steel pipes. This was TotalEnergies' first large-scale exclusive procurement from a Chinese manufacturer for such a critical project.
• Daewoo Engineering & Construction (韩国大宇工程公司)majorStrategic or Co-development PartnerSupplied approximately 68,000 MT of submarine pile pipes (1,420mm and 1,220mm diameter, 25mm wall thickness, 44-52m length) for Middle East port terminal project worth USD 2.625 billion.
• ShellcoreStrategic or Co-development PartnerSupplied approximately 30,000 MT of large-diameter SAWL pipes (700mm-3760mm diameter, 15mm-100mm wall thickness) for Shell's Prelude FLNG project in Australia. Also collaborated on offshore platform projects.
• Saudi AramcocoreStrategic or Co-development PartnerMultiple projects including Marjan Increment, Beri Downstream Pipeline, and offshore pipeline projects. Company is an approved supplier for Saudi Aramco's major expansion projects.
• CNOOC (中国海洋石油集团有限公司)coreStrategic or Co-development PartnerLong-term collaboration on offshore oil and gas projects including Enping Oilfield Group subsea pipelines, South China Sea deepwater gas development projects.
• Sinopec (中国石油化工集团有限公司)coreStrategic or Co-development PartnerMultiple domestic pipeline projects including Yulong Petrochemical Complex, Shandong natural gas pipeline networks, and cross-province transmission pipelines.
• CNPC (中国石油天然气集团有限公司)coreStrategic or Co-development PartnerChina-Central Asia pipeline projects and various onshore transmission pipeline projects across China.
• ChevronmajorStrategic or Co-development PartnerSupplied pipes for Qatar Ras Laffan Petrochemicals Project - 210万吨/year ethylene project operated by Chevron Phillips Chemical and QatarEnergy joint venture.
• ChevronmajorStrategic or Co-development PartnerRas Laffan Refinery Project in Qatar.
• PerencomajorStrategic or Co-development PartnerGabon LNG export terminal project - supplied 1,827 MT of offshore pipes for Cap Lopez LNG terminal development.
• NNPC (尼日利亚国家石油公司)majorStrategic or Co-development PartnerAKK (Ajaokuta-Kaduna-Kano) Gas Pipeline Project - supplied pipes for 300km of the 600km pipeline connecting southern gas fields to northern Nigeria.
• Kuwait Oil Company (KOC)majorStrategic or Co-development PartnerMultiple projects including GC30, GC31, GC32 pipeline projects for Kuwaiti oil and gas infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tenaris: Global leader in seamless and welded steel pipes for oil and gas (OCTG and line pipe). Directly comparable on offshore pipeline, deepwater, and onshore high-pressure product lines, and is a leading competitor on IOC tender lists like TotalEnergies and Saudi Aramco.
• JFE Steel Corporation: Japanese steel pipe manufacturer producing large-diameter line pipe and OCTG for oil and gas, including offshore and sour service applications. Comparable in product range and in serving Middle East and Asia-Pacific customers.
• TMK (Pipe Metallurgical Company): One of the world's largest producers of seamless and welded steel pipes for oil and gas. Comparable on OCTG and line pipe product mix, with strong international project exposure to IOC and NOC clients.
• TPCO (Tianjin Pipe Manufacturing Corporation): China's largest seamless steel pipe producer serving oil and gas. Domestic peer competing for CNPC, Sinopec, and CNOOC orders with overlapping OCTG and line pipe capabilities.
• Vallourec: French-headquartered premium steel pipe manufacturer serving oil and gas with seamless tubes and line pipe, including deepwater and sour service. Competes head-to-head with Panyu Chu Kong on offshore and onshore pipeline tenders for IOCs and NOCs.
• Nippon Steel Corporation (Steel Pipe & Tube): Major Japanese steelmaker producing high-spec line pipe and OCTG for energy and infrastructure. Competes globally in deepwater and high-pressure pipeline markets with proprietary welding and coating technologies.
• Hengyang Valin Steel Tube: Chinese steel pipe maker specializing in seamless line pipe and OCTG for oil and gas. Direct domestic competitor on domestic NOC contracts and on Chinese export projects.

Regional players

• Borusan Mannesmann: Turkey-based steel pipe manufacturer serving European, Middle Eastern, and CIS markets with line pipe and OCTG. Comparable on product and customer base but focused on regional markets rather than deepwater projects.

Broad incumbents

• ArcelorMittal (Tubular Products): Global steel giant with a dedicated tubular products business serving oil and gas. Provides broader steel portfolio but competes in line pipe and OCTG for major international projects.
• Salzgitter Mannesmann: European steel and steel pipe group producing line pipe and OCTG for oil and gas under the Mannesmann brand. Broader steel portfolio but directly comparable pipe products and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/panyu-chu-kong-steel-pipe-lianyungang-co.-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd.