Chairman's Speech
Welcome to Iraeta!
As a leading global manufacturer of forged components, our products spanning diverse materials, forms, and performance specifications are enabling monumental engineering projects worldwide at this very moment. These include 20 MW-class offshore wind turbines, 16 m-diameter tunnel boring machines, 700 MW concentrated solar power plants, etc. Yet unlike these awe-inspiring megastructures visible to the eye, forging and forgings operate as the unsung heroes. Inside these facilities, countless forgings must deliver decades of flawless, reliable operation.
And it is precisely this relentless reliability that makes us our customers’ preferred choice.
Having entered the forging industry early in my career, this 40-year journey has allowed me to witness and participate in groundbreaking innovations across materials science, manufacturing processes, and equipment pushing the boundaries of human engineering. These experiences have cemented my conviction: whenever humanity seeks to reshape the physical world or harness nature’s mightiest forces - be it water, wind, atomic energy, or venturing into deep space - forging consistently delivers robust solutions with untapped potential.
Of course, our industry now faces unprecedented challenges, particularly the ESG transformation. Fortunately, Iraeta has pioneered actionable strategies - from low-carbon manufacturing and employee wellbeing initiatives to strengthened social responsibility. These practices are sharpening our competitive edge, and we eagerly welcome your perspectives as we share our progress.
Niu Yugang, Chairman of Iraeta
Values
Honesty Humility
Tenacity Diligence
Vision
Forge a safer, greener and more efficient future for mankind
Mission
Become the core manufacturer of equipment forgings in the world
10 Manufacturing Bases in China and Spain
Key Components of Mega Equipment Business Unit
Key Components of Mega Equipment Business Unit under construction was selected as a key project in Jinan City in 2025. It has an open-die forging press of 22,000 tons and ring rolling mill with a diameter of 22 m.
Nuclear and Offshore New Materials Business Unit
Completed in 2022, it can provide special raw material customization in nuclear power, wind power, hydropower, marine engineering, and other fields.
Offshore and Marine Equipment Business Unit
In 2022, it has two 10,000-ton presses and two ring rolling mills with a diameter of 11 m. It mainly produces flanges for 10-30 MW offshore wind turbines and various types of offshore engineering forgings.
Iraeta (Jining)High-tech Equipment Co., Ltd.
It mainly manufactures rod and shaft products, and has GFM radial forging machine and other equipment. The maximum diameter of forged products can reach 1.2 m and the maximum length is 24 m.
FIHI Forging Industry S.L
Located in the Basque Country in northern Spain, it has more than 60 years of forging production experience and occupies an important position in the European wind power flange market.
Nuclear Power and Heavy Equipment Business Unit
Established in 2018, it has one 13.5 MN press and one 16 m-diameter ring rolling mill. It mainly produces super forgings for nuclear power, refining and chemical, and cement industries. In 2022, a ring-rolled steel ring with a diameter of 15.673 m, the largest in the Guinness World Record, was manufactured.
lraeta (Shandong) Grinding Materials Co., Ltd.
Established in 2015, it is a wholly-owned subsidiary of Iraeta and mainly produces wear-resistant steel balls, steel sections, grinding rods, and other products, with an annual output of 300,000 tons.
Wind Power Equipment Business Unit
Established in 2011, it has one 10,000-ton press, one 3,150-ton press, and two heavy-duty ring rolling mills. It mainly produces wind power flanges.
Quenched and Tempered Steel Products Business Unit
Established in 2006, it mainly produces yaw, pitch and gearbox forgings for large wind turbines, as well as slewing bearings for construction machinery.
Transmission Equipment Business Unit
Its history can be traced back to the 1970s, with a fully automatic die forging production line, a five-axis CNC machining center, and a 10,000 m2 logistics warehouse. It mainly produces gearbox forgings, slewing support forgings and pipe flange forgings.
Key Components of Mega Equipment Business Unit
Nuclear and Offshore New Materials Business Unit
Offshore and Marine Equipment Business Unit
Iraeta (Jining)High-tech Equipment Co., Ltd.
FIHI Forging Industry S.L
Nuclear Power and Heavy Equipment Business Unit
lraeta (Shandong) Grinding Materials Co., Ltd.
Wind Power Equipment Business Unit
Quenched and Tempered Steel Products Business Unit
Transmission Equipment Business Unit
Our History
2006-2010
2011-2015
2016-2020
2021-2025
2006
Iraeta was established and began to enter the wind power market
2009
Obtained VESTAS certification; participated in the drafting of the Ring Type Forgings of Wind Turbine Generator System issued by National Energy Administration
2011
The Wind Energy Equipment Division was put into operation
2013
Passed ISO/IEC17025 laboratory certification
2014
Certified by classification societies such as ABS, BV, DNV GL, NK, KR, and RINA
2015
Established a workstation in cooperation with Academician Li Yiyi of Chinese Academy of Sciences; The Wear-resistant Media Division was established
2016
The Precision CNC Comprehensive Machining Center was completed and put into operation
2018
The Nuclear Energy Heavy Equipment Division was established
2019
Manufactured a seamless forged ring with a diameter of 15.67 m; acquisition of Spain's Iraeta
2020
Provided core components such as cock components, pump support components, compensators, and bottom flange components for the fourth-generation nuclear power plant
2021
Conducted the bankruptcy reorganization of the original Qilu Special Steel, and established Iraeta (Jining) High-end Equipment Technology Co., Ltd.; won China's well-known trademark; won the national manufacturing single championship (wind power flange)
2022
The Offshore Engineering Equipment Division and the Nuclear and Marine New Materials Division were put into trial operation successively; Haicheng Logistics Company was formally established; the second set of two global super-large integral seamless forged rings with a hot diameter of 16 m successfully rolled off the production line and set a Guinness World Record
2023
Relocated Iraeta headquarters to Nuclear Power Deep Sea Industrial Park
2024
Iraeta's overall ultra-large core key forgings production project kicked off; a contract concerning 22,000 tons of the world's largest open-die forging press equipment group was signed
2011
The Wind Energy Equipment Division was put into operation
2013
Passed ISO/IEC17025 laboratory certification
2014
Certified by classification societies such as ABS, BV, DNV GL, NK, KR, and RINA
2015
Established a workstation in cooperation with Academician Li Yiyi of Chinese Academy of Sciences; The Wear-resistant Media Division was established
2016
The Precision CNC Comprehensive Machining Center was completed and put into operation
2018
The Nuclear Energy Heavy Equipment Division was established
2019
Manufactured a seamless forged ring with a diameter of 15.67 m; acquisition of Spain's Iraeta
2020
Provided core components such as cock components, pump support components, compensators, and bottom flange components for the fourth-generation nuclear power plant
2021
Conducted the bankruptcy reorganization of the original Qilu Special Steel, and established Iraeta (Jining) High-end Equipment Technology Co., Ltd.; won China's well-known trademark; won the national manufacturing single championship (wind power flange)
2022
The Offshore Engineering Equipment Division and the Nuclear and Marine New Materials Division were put into trial operation successively; Haicheng Logistics Company was formally established; the second set of two global super-large integral seamless forged rings with a hot diameter of 16 m successfully rolled off the production line and set a Guinness World Record
2023
Relocated Iraeta headquarters to Nuclear Power Deep Sea Industrial Park
2024
Iraeta's overall ultra-large core key forgings production project kicked off; a contract concerning 22,000 tons of the world's largest open-die forging press equipment group was signed
ESG: Forge a Sustainable Future
Forging stays in the upstream position in the supply chain. Our commitment to ESG principles isn't just a pledge - it creates tangible ripple effects throughout downstream procurement networks. We deliver decarbonized production through cutting-edge metallurgical innovation. At the same time, we maintain an unwavering commitment to social responsibility through the very heat of our operations.
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