As a wholly-owned subsidiary of Iraeta Energy Equipment Co., Ltd., Iraeta (Jining) High-tech Equipment Co., Ltd. is a manufacturing concern that specializea mainly in a diversified range of products within the forgings industry.Professional development, production and sales of special steel. It mainly produces high-strength industrial materials, including 13 main categories of high-quality special steel casting ingot, forgings and forged pieces of more than 300 types which include alloy steel, steel for military use, die steel, pinion steel, bearing steel, roll steel and stainless steel. The maximum diameter of forgings can reach 1,200mm and the maximum length 25m.

Its products have been widely used domestically in large-scale locomotives, machinery, tooling, automobile, shipbuilding, petrochemical, aerospace, nuclear power, wind power, military industry and other industries, while large quantities also being exported to Australia, Germany, Italy, France, the United States, Japan, South Korea, Turkey, Brazil and other European, American and Asian countries and regions. The Company has cooperation experiences in Chinese national key projects, such as national aerospace launchers, Olympic torch lifter, the Three Gorges large-sized starting gate, large aircraft mould manufacturing, high-speed EMU and large and heavy coal shearer.

Iraeta Group is highly capable in technology and product R&D. Cooperating with Institute of Metal Research of Chinese Academy of Sciences, it established the Li Yiyi Academician Workstation and carried out in-depth cooperation in R&D, manufacturing and achievement transformation of high-end metal materials and forgings. And the Company has maintained long-term good cooperation with experts from well-known scientific research institutes and universities, such as Central Iron & Steel Research Institute, China Institute of Atomic Energy, School of Materials Science & Engineering of Shandong University, HRG Institute (Shandong) of Intelligent Equipment, School of Materials Science & Engineering of Shandong Jianzhu University and Kunming University of Science and Technology.

The Company has currently formed a complete production and processing system integrating high-speed forging, precision forging, heat treatment, fine machining and physical and chemical inspection. It has introduced the world's first Austrian GFM RF100 2000t radial precision forging machine and together with its parent company, Iraeta Corporation’s world first φ16m super ring rolling mill from German SMS Group. The company now boasts a world-leading production capacity in forgings, forged pieces, ring rolling, cylinder rolling and other fields.