Taiyuan Heavy Industry Co., Ltd 太原重工股份有限公司

What Taiyuan Heavy Industry Co., Ltd 太原重工股份有限公司 does

Taiyuan Heavy Industry Co., Ltd (太原重工股份有限公司) is a Shanxi Province state-owned heavy machinery manufacturer founded in 1950, operating as a subsidiary of Taiyuan Heavy Machinery Group Co., Ltd. (太原重型机械集团有限公司) and supervised by the Shanxi Provincial State-owned Assets Supervision and Administration Commission. Designated in 2022 as the only 'dual chain master' enterprise in Shanxi for high-end equipment manufacturing and wind power equipment, the company operates nine product divisions spanning mining (mechanical and hydraulic excavators up to the WK-75, the world's largest at 2,000 tons), metallurgy (coke ovens, metallurgical cranes, oil film bearings, forging presses), rail transit (the only domestic producer of the full wheels/axles/gearboxes/wheel sets spectrum), energy (wind turbines 1.5MW–10MW+ and nuclear/hydropower cranes), offshore engineering (self-elevating drilling platforms, offshore wind substations, port machinery), coal chemical, construction machinery, hydraulic components, and aerospace/stage equipment. It holds a National Enterprise Technology Center, a National Key Laboratory for Mining Equipment and Intelligent Manufacturing, and 500+ China-first or world-first achievements.

The company generates revenue primarily through one-time sales of large customized equipment, supplemented by engineering, procurement, and construction (EPC) total contracting and lifecycle service work. Pricing is project-based rather than standardized, with multi-year contracts typical for major equipment installations. Distribution is direct enterprise sales managed through a centralized marketing center with subsidiary-level sales teams and overseas agency networks; exports to 50+ countries represent approximately 50% of revenue. The go-to-market relies heavily on the provincial government's industrial chain coordination and partnership-driven development, augmented by strategic alliances with ABB, Huawei, Tencent, Huazhi Intelligent, and various state-owned energy and steel groups. The 2020 leadership change initiated a 'six-fixed' governance reform, and the company is currently constructing a 1,700-mu Smart High-end Equipment Industrial Park to consolidate intelligent design, manufacturing, and services. Notable product differentiation includes 100% domestic market share in mining excavators, 85%+ market share in 200+ ton converter tilting devices, and proprietary 5G/AI-enabled systems such as the world's first one-button coking intelligent control system and 5G-based remote excavator operation.

Name

Taiyuan Heavy Industry Co., Ltd 太原重工股份有限公司

Legal name

太原重型机械集团有限公司

Website

https://tyhi.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

251–500 employees

Short description

Taiyuan Heavy Industry Co., Ltd is a Shanxi state-owned heavy machinery manufacturer producing mining excavators, metallurgical and rail transit equipment, wind turbines, offshore engineering systems, and large custom cranes for state-owned steel, energy, rail, and mining enterprises across China and 50+ countries.

Ownership category

akta.pro rank

Product category

Heavy Machinery Manufacturing

NAICS

Mining Machinery and Equipment Manufacturing (333131), Construction Machinery Manufacturing (333120), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531)

akta.pro primary industry

Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA)

akta.pro secondary industries

Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE), Excavators (IMAHAAAA)

Keywords

• Heavy machinery manufacturing
• Mining equipment
• Metallurgical equipment
• Rail transit equipment
• Wind power equipment

Headquarters

HQ city

太原市

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 大型机械设备制造销售: 太重集团主要收入来源，包括矿用挖掘机、起重机、焦化设备、轨道交通设备、风电设备、海洋工程设备等大型重型机械的研发制造和销售。
2. 工程成套与总承包: 太重提供整厂、成套设备的工程总承包服务，包括设备供货、安装调试、技术服务等综合性解决方案。
3. 生产性服务: 包括备件供应、技术服务、设备运维等服务性收入。

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Taiyuan Heavy Industry manufactures and sells large-scale heavy machinery across nine product divisions: mining equipment (WK-series excavators, coal mining machines), metallurgical equipment (coke ovens, metallurgical cranes, rolling mills), rail transit (wheels, axles, gearboxes, wheel sets), energy equipment (wind turbines, nuclear/hydropower cranes), offshore engineering (self-elevating drilling platforms, offshore substations), coal chemical equipment, construction machinery, hydraulic components, and aerospace launch towers. The company also provides EPC turnkey engineering services and after-market lifecycle support to industrial customers.

Product overview

Taiyuan Heavy Industry Co., Ltd (太原重工股份有限公司) is a comprehensive heavy machinery manufacturing conglomerate organized into nine major product divisions: Mining Equipment (矿山 — mechanical and hydraulic excavators, crushing/conveyor systems, coal mining machines, roadheaders), Metallurgical Equipment (冶金 — metallurgical cranes, coke oven equipment, seamless tube lines, plate/strip mills, oil film bearings, forging presses), Rail Transit (轨道交通 — wheels, axles, gearboxes, wheel sets, shield machines), Energy (能源 — wind turbines 1.5MW–10MW+, nuclear and hydropower cranes), Offshore Engineering (海洋工程 — self-elevating drilling platforms, offshore wind substations, port machinery, pile driving hammers), Coal Chemical (煤化工 — coal gasification equipment, pressure vessels), Construction Machinery (工程机械 — all-terrain cranes, crawler cranes, hydraulic composite cranes), Basic Components (基础配套件 — hydraulic valves, pumps, systems, castings, cylinders), and Aerospace/Other (航天发射塔架, 舞台设备). The company operates multiple subsidiaries including Taiyuan Heavy Industry (tyhi.com.cn), Taiyuan Heavy Coal Mining Machinery, Taiyuan Heavy Yuyue Hydraulic, and Taiyuan Heavy Industry Binhai. It serves as the 'dual chain leader' enterprise for both the high-end equipment manufacturing and wind power equipment industrial chains in Shanxi Province.

Differentiator

Problem solved

Functional benefit

Brands

• 一键炼焦 (One-Button Coking): Intelligent remote coke-making control system, world's first in the industry
• 太重智造 (TZ Intelligent Manufacturing)

Products and services

• Mechanical Mining Excavator (机械矿用挖掘机) Large-scale mechanical mining excavators from WK-10 to WK-75 series; WK-75 is the world's largest mining excavator with operating weight of 2,000 tons and top height of 23.5m. Sold to open-pit mining operations globally.
• Hydraulic Excavator (液压挖掘机) Hydraulic excavator models including WYD390 for mining and construction applications.
• Crushing and Transport Systems (破碎与运输系统) Complete crushing and material transport systems for mining operations, including jaw crusher stations.
• Coal Mining Machines (采煤机) Electric traction coal mining machines ranging from 2500kW to 3000kW; Taiyuan is an important coal mining equipment manufacturing base in China.
• Roadheader Machines (掘进机) EBZ135 and EBZ300 roadheader machines for tunnel and roadway excavation in coal mines.
• Metallurgical Cranes (冶金起重机) Full series of metallurgical cranes including 450t and 550t casting cranes (world's largest casting cranes) and 1300t bridge cranes for hydro turbine rotor hoisting. Sold to steel mills and power stations.
• Coke Oven Equipment (焦炉设备) Complete coke oven systems including 7.5m top-loading, 6.25m and 7.25m tamping coke ovens, with proprietary 'one-click coking' remote intelligent control system. Largest market share for large coke oven equipment in China.
• Seamless Pipe Equipment (无缝管设备) Manufacturing equipment for seamless steel tube production lines used by steelmakers.
• Plate and Strip Equipment (板带设备) Rolling mill equipment for plate and strip production, including cold rolling mills, acid washing lines, and 4300mm wide plate pre-straightening machines.
• Rolling Mill Oil Film Bearings (轧机油膜轴承) Oil film bearings for rolling mills produced in specialized manufacturing workshops for high-quality bearing components.
• Forging and Pressing Equipment (锻压设备) Heavy-duty forging presses including 10,000-ton press and aluminum extruders up to 235MN for non-ferrous metal forming.
• Rail Transit Wheels (轮类产品) Railway wheels for high-speed trains, metros, passenger cars, and freight cars. Exported to 50+ countries. Annual production capacity of 400,000 wheels with industry-highest automation.
• Rail Transit Axles (轴类产品) Railway axles for various rail transit applications, forming part of the complete rail transit product line.
• Rail Transit Gearbox Products (轨道交通齿轮箱产品) High-speed train traction gearboxes, metro traction gearboxes, and low-floor train traction gearboxes.
• Wheel Set Integrated Products (轮对集成产品) Integrated wheel set assemblies combining wheels, axles, and bearings for rail vehicles.
• Shield Tunnel Boring Machine (盾构机) Shield machines (TBMs) used in metro and tunnel construction, including the 'Longcheng No.1' machine deployed in Taiyuan Metro construction.
• Wind Power Generation Equipment (风力发电设备) Full series of wind turbines from 1.5MW to 10MW+, including 2MW, 2.5MW, 3MW, 3.XMW, 4.5MW, 5MW, 8MW, and 10MW models for onshore and offshore wind. Only company in Shanxi Province integrating wind resource development, equipment manufacturing, EPC, and after-market services.
• Nuclear Power Plant Cranes (核电站起重机) Specially designed cranes for nuclear power plants including circular/ring cranes for nuclear facilities, with extensive nuclear power crane engineering achievements.
• Hydropower Station Cranes (水电站起重机) Cranes for hydropower stations including Three Gorges 1200-ton bridge cranes, Wudongde 1300-ton bridge cranes, and Longtan 500+500-ton bridge cranes.
• Self-Elevating Drilling Platforms (自升式钻井平台)

Quantifiable outcome

• 矿用挖掘机国内市场占有率达100%
• +4 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• 山东省冶金设计院股份有限公司(山冶设计)coreStrategic or Co-development Partner · 23 August 2022太重集团与山冶设计签署战略合作协议，在冶金装备、焦化等领域开展深度合作，共同推动技术研发和项目对接。
• 中煤平朔集团coreStrategic or Co-development Partner · 15 July 2022太重集团与中煤平朔集团签约，在煤炭开采设备领域加强合作。
• 华电山西能源有限公司coreStrategic or Co-development Partner · 21 June 2022太重集团与华电山西在风电装备领域深化合作，共同推进新能源产业发展。
• 鹏飞集团coreStrategic or Co-development Partner · 7 June 2022太重集团与鹏飞集团在5G应用、智能化升级、新能源产业发展等领域开展合作，鹏飞集团为氢能产业链'链核'企业。
• 金岩集团coreStrategic or Co-development Partner · 7 June 2022太重集团与金岩集团在焦炉设备、提升机等领域开展合作，金岩集团是全省百强企业。
• 大同市人民政府coreStrategic or Co-development Partner · 31 May 2022太重集团与大同市政府签署新能源产业高质量发展战略合作协议，双方将在风电装备领域开展深度合作。
• ABB(中国)有限公司coreTechnology or Integration · 8 April 2021太原重工与ABB签署智能电气系统合作协议，在电气领域的智能化升级改造方面开展合作。
• 中车株洲电力机车研究所有限公司coreTechnology or Integration · 26 May 2020中车株洲所与太原重工签署合作协议，在轨道交通齿轮箱等领域开展技术合作，共同推进轨道交通装备国产化。
• 中核辽宁核电有限公司coreStrategic or Co-development Partner太重集团与中核辽宁核电在核电装备领域开展合作，共同推进国家核电项目建设。
• 华制智能coreTechnology or Integration华制智能与太重集团座谈交流，围绕加快太重信息化、智能化建设步伐，推进数字化赋能开展合作。
• 山西工程职业学院minorStrategic or Co-development Partner太重集团与山西工程职业学院签订校企合作协议，共建实训基地，开展人才培养合作。

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• XCMG Group: China's largest construction machinery manufacturer. Directly competes with Taiyuan in crawler cranes, all-terrain cranes, and construction machinery while also producing mining and rail equipment for domestic Chinese customers.
• Manitowoc Company: U.S. specialist in crawler cranes and lattice-boom cranes under the Manitowoc, Grove, and Potain brands. Competes with Taiyuan in large-tonnage crawler cranes for power plant construction, infrastructure, and offshore wind installation.
• Komatsu Ltd. Japanese manufacturer of mining excavators, construction equipment, and forestry machinery. Komatsu's PC series ultra-large mining shovels directly compete with Taiyuan's WK series mining excavators (WK-75, WK-20), both targeting global surface mining customers.
• Caterpillar Inc. World's largest construction and mining equipment manufacturer. Competes with Taiyuan across mining excavators, hydraulic excavators, and large industrial machinery, serving overlapping customers in surface mining and heavy construction globally.
• Zoomlion Heavy Industry: Major Chinese construction machinery manufacturer with overlapping product portfolio in cranes, excavators, and concrete machinery. Competes with Taiyuan in mobile cranes and broader heavy equipment segments domestically and internationally.
• Liebherr: German manufacturer of mobile cranes, crawler cranes, mining excavators (R 9800 series), and heavy lifting equipment. Overlaps with Taiyuan in large-tonnage crawler cranes, mining equipment, and offshore heavy lift products.
• Sany Heavy Industry: Leading Chinese manufacturer of construction machinery including crawler cranes, excavators, and mining equipment. Competes with Taiyuan in domestic mining and construction machinery, often winning on agility and product cycle speed.
• IHI Corporation: Japanese industrial conglomerate with heavy lifting and materials handling products including overhead cranes, port equipment, and offshore engineering equipment. Overlaps with Taiyuan in metallurgical cranes, nuclear plant cranes, and offshore engineering equipment.
• Hitachi Construction Machinery: Major manufacturer of hydraulic mining shovels (EX series) and construction equipment. Hitachi's ultra-large hydraulic mining shovels compete directly with Taiyuan's mining excavator lineup and its Chinese joint venture serves the same mining customers.
• Terex Corporation: U.S. manufacturer of mobile cranes, aerial work platforms, and materials processing equipment. Competes with Taiyuan's crane and mining equipment divisions, especially in lifting equipment for heavy infrastructure and mining customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/taiyuan-heavy-industrial-co.-ltd.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 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 Taiyuan Heavy Industry Co., Ltd 太原重工股份有限公司