Binglun Environment: The company's joint venture, Yantai Modern Binglun Heavy Industries Co., Ltd., produces combined cycle gas plant waste heat boilers (HRSG).

2026-03-07 00:17:04

Securities Daily, March 5 — When asked by researchers, Bingshan Environment stated that its joint venture, Yantai Modern Bingshan Heavy Industries Co., Ltd., was established in 2004 and has adopted technology from Hyundai Heavy Industries of South Korea. The company produces heat recovery steam generators (HRSG) for combined cycle power plants and collaborates with GE, Siemens, Mitsubishi, and others, maintaining strong global competitiveness and a rich portfolio of cases. In 2024, revenue is expected to exceed 700 million yuan, and in 2025, approximately 1 billion yuan. The new factory was completed in the first half of last year, and the additional production capacity is ramping up.

(Editor: Yao Yao)

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