Taizhou marine manufacturer secures orders through 2028
A piece of marine equipment manufactured by Xingyang in Taizhou, Jiangsu province. [Photo/Taizhou Daily]
Jiangsu Xingyang Marine Equipment Manufacturing, located in the Jiangyan Economic Development Zone, Taizhou, has secured orders through 2028, underscoring its strong market position.
The company recorded invoiced sales of more than 160 million yuan ($23.05 million) in 2025, up more than 10 percent year on year. It maintained a market share of about 10 percent, ranking first nationwide in its segment.
The strong performance reflects Xingyang's long-term commitment to technological innovation. Since its establishment, the company has steadily strengthened industry-academia collaboration, partnering with expert teams from institutions including Jiangsu University of Science and Technology and Yangzhou University to address key manufacturing challenges in marine equipment.
In 2018, a major breakthrough occurred when the world's largest 24,000-TEU container ships were built, necessitating roller guillotine chain stoppers capable of managing anchor chains up to 147 millimeters in diameter. Xingyang developed a hydraulic roller guillotine chain stopper that offers easier operation, stable performance and improved safety. The innovation contributed to the company's involvement in establishing China's national standards for hydraulic roller guillotine chain stoppers.
Xingyang has since built a comprehensive product portfolio that includes fairlead rollers, hydraulic chain stoppers, mooring bollards, lashing equipment, and related marine components. Nearly 300,000 Xingyang-made products have been exported to markets including Japan, South Korea, and Italy, serving more than 10,000 vessels worldwide.
With demand continuing to outpace supply, expanding production capacity is a priority. At the end of 2024, the company leased a 50,000-square-meter facility and introduced new production lines. Construction of a new plant began in July 2025. Once the new base is operational, production efficiency is expected to increase by more than 20 percent, and overall capacity will expand by around 60 percent.
