Equipment manufacturing industry

Updated: Aug 24, 2018 Print
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Shanxi heavy machinery and featured products in the equipment manufacturing sector dominate the domestic market. 

For example, the domestic market share of large-scale metallurgical cranes of more than 300 tons is over 90 percent. Shanxi produced a full range of mining excavators measuring from 4 to 75 cubic meters and accounting for over 85 percent of the domestic market. The locomotive traction transformers and the wheels, axles and wheel sets from Shanxi have a domestic market share of over 90 percent.

In 2017, the equipment manufacturing industry generated 197.2 billion yuan in revenue, representing year-on-year growth of 47.6 percent. The equipment manufacturing industry accounted for 8.9 percent of the province's industrial enterprises above designated size, increasing the province's industrial growth by 1.4 percentage points. Among the five major industries above designated size, the equipment manufacturing industry had the highest growth rate of 13.9 percent, realizing profits of 7.39 billion yuan, an increase of 3.84 billion yuan year on year.

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