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Wind power equipment: Keep half your mind awake, and let the other half drift in a dreamy haze.

Wind power equipment: Keep half your mind awake, and let the other half drift in a dreamy haze.

Before 2020, global demand for wind turbine units was expected to grow at a compound annual growth rate of 20%. Historically, from 1996 to 2007, the global wind power installed capacity saw an impressive annual compound growth rate of 25%. As environmental concerns continue to escalate, coupled with persistently high oil prices and the increasing maturity of wind power generation technology, these factors are set to fuel robust future demand for wind energy installations. Moreover, the world’s abundant wind resources ensure that wind power growth will not face any resource constraints. In 2008, China’s wind turbine supply is projected to fall short of demand, as the country is still in the early stages of wind energy development. Over the next three years, domestic demand for wind turbines is anticipated to maintain rapid growth, with a compound annual growth rate reaching as high as 40%. By 2008, this growth rate is expected to accelerate even further.

2020-02-13

The industry is experiencing explosive growth, reshaping the competitive landscape of the wind power equipment sector.

The industry is experiencing explosive growth, reshaping the competitive landscape of the wind power equipment sector.

The forecast for wind power capacity installations is influenced by a variety of factors, including policies, electricity prices, technological advancements from turbine manufacturers, and the supply capabilities of component suppliers—making it inherently uncertain. As a result, the National Development and Reform Commission’s original projection of reaching 5 million kilowatts of cumulative wind power capacity by 2010 is expected to be significantly surpassed. In 2007, China added 2.4 million kilowatts of new wind power capacity, bringing the country’s total installed capacity to 5 million kilowatts by year-end. Moreover, many domestic wind turbine manufacturers have announced ambitious production expansion and capacity-increase plans starting from 2007. According to forecasts, China’s annual additions of new wind power capacity between 2007 and 2010 are projected to reach 2 million kilowatts each year.

2020-02-13

The Ministry of Finance clarifies the detailed rules for the use of special funds allocated to the wind power equipment industry.

The Ministry of Finance clarifies the detailed rules for the use of special funds allocated to the wind power equipment industry.

To accelerate technological advancements in China's wind power equipment manufacturing industry and boost the growth of wind energy, the Ministry of Finance on August 19 released the "Provisional Measures for the Management of Special Funds for the Industrialization of Wind Power Generation Equipment." The measures outline the subsidy standards and funding guidelines for the central government’s special funds allocated toward the industrialization of wind power equipment. They also specify the eligible entities, support mechanisms, and eligibility criteria for receiving these funds. According to the measures, for the first 50 wind turbine units produced by eligible manufacturers, the central government will provide a subsidy of 600 yuan per kilowatt. This subsidy will be equally divided between complete machine manufacturers and those producing key components—each accounting for 50% of the total allocation.

2020-02-13

Three Major Favorable Policies Supporting the Machinery Industry in 2009

Three Major Favorable Policies Supporting the Machinery Industry in 2009

1. "Stabilizing Growth" Macro Policy. From the perspective of current macroeconomic policies, domestic economic growth has clearly been slowing down amid a deteriorating external environment. This time, the central bank’s reduction of both interest rates and reserve requirements, coupled with a shift toward a more proactive credit policy, signals that the country’s overall macro strategy is transitioning from "controlling inflation" to "boosting growth." We believe that the investment stimulus resulting from looser credit conditions will, in turn, drive demand for machinery. Moreover, as real estate investment slows, the government may ramp up its own capital spending to reignite economic growth. For instance, increased investments in high-speed railways, highways, water resources, power infrastructure, and urban facilities are expected to spur fresh demand for construction machinery. Additionally, a significant rise in railway equipment procurement could further fuel this trend.

2020-02-13

National Administration of Quality Supervision: Notice on Opinions Regarding the Rectification Work for Metallurgical Lifting Machinery

National Administration of Quality Supervision: Notice on Opinions Regarding the Rectification Work for Metallurgical Lifting Machinery

On April 18, 2007, a catastrophic accident occurred at Qinghe Special Steel Co., Ltd. in Tieling City, Liaoning Province, when a molten steel ladle overturned, tragically resulting in the deaths of 32 workers on site. In accordance with the "Notice on Launching a Special Inspection and Rectification Campaign for Hidden Hazards in Special Equipment and Lifting Machinery" (Guo Zhi Jian Te Han [2007] No. 355) issued by the General Administration, local authorities promptly initiated corresponding work arrangements. Preliminary investigations reveal that more than 2,000 non-metallurgical lifting machines originally intended for use in the metallurgical industry have been identified in just two provinces—Liaoning and Jiangsu alone. To ensure the safe operation of these equipment types, and taking into account the specific production and business conditions of enterprises, a decision has been made after careful deliberation to proceed with a comprehensive overhaul of metallurgical lifting machinery.

2020-02-13

A 4 trillion yuan investment boost fuels hopes for the lifting equipment industry's rebirth.

A 4 trillion yuan investment boost fuels hopes for the lifting equipment industry's rebirth.

The sudden financial crisis has dealt a severe blow to the machinery manufacturing industry. Among the nation’s 4 trillion yuan investment package and the ten major industry revitalization plans, most of the funds have been directed toward state-owned enterprises, creating significant challenges for the machinery sector—particularly for private small and medium-sized businesses. At the same time, this shift has introduced additional uncertainties into the lifting equipment industry, which is closely tied to manufacturing and processing activities. From discussions with several overseas managers based in Henan’s Changyuan, known as China’s “Lifting Equipment Capital,” the author learned that orders have declined sharply compared to the same period last year following the Spring Festival. Moreover, some contracts signed last year have either been put on hold or outright terminated, often due to buyers’ inability to secure financing or because companies themselves are facing declining profitability.

2020-02-13

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Wind power equipment: Keep half your mind awake, and let the other half drift in a dreamy haze.

2020-02-13

The industry is experiencing explosive growth, reshaping the competitive landscape of the wind power equipment sector.

2020-02-13

The Ministry of Finance clarifies the detailed rules for the use of special funds allocated to the wind power equipment industry.

2020-02-13

Three Major Favorable Policies Supporting the Machinery Industry in 2009

2020-02-13

National Administration of Quality Supervision: Notice on Opinions Regarding the Rectification Work for Metallurgical Lifting Machinery

2020-02-13

A 4 trillion yuan investment boost fuels hopes for the lifting equipment industry's rebirth.

2020-02-13

Chengdu Chengde Heavy Forging Co., Ltd.

Contact: Mr. Feng
Mobile phone: +86-13982279038
Landline: +86-2883066386

Mobile phone: +86-18980030810 (Sales Director, Minister Wang)

Mailbox: 423136809@qq.com
Address: Jinniu Village, Xinmin Town, Xindu District, Chengdu City, Sichuan Province

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