Weifang Reynolds Power Equipment Co., Ltd. is located in Weifang City, the "Kite Capital", which has a long history and beautiful scenery. It is a modernized high-tech intensive enterprise specializing in researching and developing high-efficiency and energy-saving turbines and auxiliary engines of power stations by adopting advanced turbine technology from Europe.
The company has implemented ISO9001 quality management system, passed CE product certification, has an academician workstation, a wholly-owned contract energy management company (Shandong Renault Energy Saving Investment Co., Ltd.). At present, the company has more than 170 employees, 68 technicians, under the product development department, production technology department, product quality department, sales department, marketing department, customer service department, general management department. The company has gathered the best domestic experts who have been engaged in the research and development and design of steam turbine for many years, as well as the young talents who are smart and practical with a combination of theory and technology, and the after-sales team for the installation of power plant equipment that can make the customers feel relieved and satisfied.
The company has developed six series of energy-efficient steam turbines with various specifications and models, such as high-temperature ultra-high-pressure, high-temperature-high-pressure, sub-high-temperature-sub-high-pressure, medium-temperature-medium-pressure, and saturated steam conditions, back-pressure, condensing, condensate, and back-pumping turbines, with the capacities ranging from 0.2MW to 50MW, the working steam pressures ranging from 0.3Mpa to 10Mpa, and temperatures ranging from saturation temperature to 535℃. The products are widely used in petroleum, chemical industry, and other industries. The products are widely used in petroleum, chemical, paper, marine, food, printing and dyeing, cogeneration, waste incineration and biomass power generation industries, as the main power source in power generation and industrial dragging field. The turbines produced by our company are based on the advanced technology in Europe, combined with more than 20 patents of utility models and inventions, and adopting unique modular design scheme and exquisite machining technology, the level of research and development and manufacturing technology is leading in the domestic industry for thirty years. The level of R&D and manufacturing technology is thirty years ahead of the same industry in China, and the internal efficiency has been increased by 12%-25%, which is the preferred product for energy saving and emission reduction.
Currently the company has successful products in many areas of engineering cases, some of the customers have cooperated with Shandong Hongxin Chemical Industry Co., Ltd, Weifang Special Steel Group Co., Ltd, Shandong Energy Longkou Mining Group Co., Ltd, Shandong Henglian Pulp Group Co., Ltd, Hong Kong Yingde Gas Group Co., Ltd, Anhui Zhongyuan Chemical Industry Group Co., Ltd, Texas Yunshi Cogeneration large package of projects, such as a number of large-scale Power generation, drag demonstration project, won the high praise of customers.
The company is a key support for high-tech projects in Shandong Province, by the National Development and Reform Commission, Shandong Provincial Government, Weifang Municipal Government specially approved industrial land 502 acres, with a total investment of 2.5 billion yuan RMB. Project construction address in Weicheng Economic Development Zone, convenient transportation and logistics, location advantages. It has built 250,000 square meters of buildings such as large-scale all-numerical-control constant-temperature machining workshop, wind tunnel test center, high-speed dynamic balance experimental center, steam test device, rooftop solar photovoltaic power plant, comprehensive office building, R&D center, academician workstation, postdoctoral mobile station, etc., and newly purchased 316 sets of turbine production, machining, assembling, testing and other equipments.
After the completion of the project, the annual production capacity of the project will be 6,000 megawatts (MW) of high-efficiency and energy-saving industrial turbines, and the project will realize an annual sales revenue of 10.5 billion yuan, a profit of 1.575 billion yuan, and a tax of 866 million yuan.
The project will be completed in two phases. The first phase of the project has a total investment of 860 million yuan, with a land area of 260 acres, and 151 sets of large-scale production and processing equipment and experimental testing equipment. After the first phase of the project reaches production, it can realize annual sales revenue of 2.7 billion yuan, profit of 410 million yuan, and 220 million yuan in taxes.
After the project is put into operation, it will form a large-scale equipment manufacturing base with system integration, complete sets of production, supporting services and other "package" functions. Weifang city around the large-scale machining, casting, forging, heat treatment, etc. will play a driving force and enhance the role of promoting the labor force and social employment, and at the same time for the future development of our company as a listed company is well prepared. According to the current progress of construction and equipment procurement, is expected in December 2013, the original factory can be realized as a whole relocation.