The 2008 National Pressure Vessel Manufacturing Unit Work Conference, held in Changsha on April 12, released key insights about the development of China's petrochemical equipment industry. At present, foreign-invested enterprises have significantly increased their investment and market presence in China's chemical and petrochemical sectors. Many of the world's top 100 chemical companies are actively investing in the Chinese market. Industry experts emphasize that China’s petroleum and chemical equipment manufacturing sector needs to rapidly shift its focus from merely serving the domestic market to aligning with global standards in equipment production.
It has been observed that a few leading Chinese petrochemical equipment manufacturers have already reached the level required for producing modern large-scale fertilizer and ethylene equipment. These companies can supply domestically made equipment that accounts for nearly 85% of the total investment in major projects. However, most firms still lack advanced equipment and face challenges in terms of quantity and quality. A significant number of ordinary pressure vessels, mechanical components, and supporting equipment suffer from quality issues. Compared to foreign counterparts, domestic equipment shows a clear efficiency gap, particularly in terms of energy consumption and operational performance—largely due to management shortcomings within Chinese manufacturers.
Moreover, many joint venture projects in China are designed by foreign engineering firms. These international companies often lack familiarity with Chinese petrochemical equipment standards and performance specifications. As a result, they rarely consider domestic products when selecting equipment, which makes it difficult for local manufacturers to gain access to large-scale projects.
In response to the growing competition from imported equipment, Chinese petroleum and chemical equipment manufacturers must accelerate technological upgrades, strengthen innovation capabilities, and adopt international standards. By participating in the global production systems led by multinational corporations, they can leverage China’s advantages in cost-effectiveness and quality. This will help them compete more effectively in both domestic and international markets, ensuring sustainable growth in the coming years.
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