On July 2, the groundbreaking ceremony for TSP (Sheyang) Offshore Intelligent Manufacturing Project by Titan Wind Energy was held in Sheyang County. County Party Secretary and County Mayor Wang Ning attended the event and announced the project’s commencement. County People’s Congress Standing Committee Director Cui Xiaorong and County Party Deputy Secretary Zhang Zhidong also participated.
As a key project in Sheyang County’s offshore equipment industrial chain, the TSP (Sheyang) Offshore Intelligent Manufacturing Project (Phase II) has a total investment of 1 billion yuan, covering a planned land area of 265 mu with a construction area of 75,000 square meters. Upon completion, the project will have an annual production capacity of 200,000 tons of offshore equipment, with an estimated annual output value of approximately 2 billion yuan and combined annual profits and taxes of around 200 million yuan.
“From the initial planning and approval stages to its smooth implementation today, every step has benefited from Sheyang’s efficient coordination and strong support,” said Yan Junxu, Chairman of Titan Wind Energy, in his speech. He stated that the company would take this groundbreaking as a starting point to meticulously organize, scientifically construct, ensure safety, and prioritize quality, striving to accelerate project progress for early operation. Additionally, Titan Wind Energy will actively leverage its role as an industry leader to expand investments, deepen industrial collaboration, and promote the joint development of upstream and downstream enterprises in the supply chain, creating more value for local economic and social development.
Since establishing roots in Sheyang, Titan Wind Energy has received consistent care, guidance, and support from the county government and Sheyang Port Economic Development Zone. Thanks to its outstanding performance, the TSP (Sheyang) base was recognized as a four-star enterprise in Yancheng City’s 2024 industry-wide evaluation—the only four-star industrial enterprise in Sheyang County—highlighting Titan Wind Energy’s scaled development impact and far-reaching industry influence as a sector leader.
Currently, the Sheyang base forms one of Titan Offshore’s seven domestic production hubs alongside Tongzhou Bay, Zhangzhou, Jieyang, Lufeng, Yangjiang, and Beihai. Titan Offshore primarily serves the global heavy offshore wind power equipment sector, specializing in monopiles, jacket foundations, floating bases, offshore substations, converter stations, and other core offshore wind components, as well as diversified products like oil and gas modules and new energy vessels.
The project’s launch exemplifies Sheyang County’s vigorous push for marine economic growth. Upholding the philosophy that “the entire county is coastal, and the coast must look seaward,” Sheyang has prioritized strengthening its marine economy as a key driver of new quality productive forces. Focusing on offshore equipment, wind power, and other critical sectors, the county has facilitated the landing of multiple marine industry projects, steadily fueling high-quality marine economic development. Moving forward, Sheyang will leverage its “Project Breakthrough Year” initiative to amplify advantages in green power certification, spatial capacity, shoreline ports, and logistics, while accelerating investment attraction and project services to cluster high-quality marine industry projects along the supply chain and solidify momentum—striving to craft Sheyang’s answer to maritime development in the new era.
Established in Suzhou in 2005, Titan Wind Energy went public on the Shenzhen Stock Exchange in 2010 and sustained rapid growth, with cumulative revenue and profits increasing over tenfold in a decade—averaging a 30% compound annual growth rate. By 2021, its revenue exceeded 8 billion yuan, with net profits reaching 1.31 billion yuan, cementing its position as a global leader in wind tower and blade manufacturing. Its new energy resource development business has grown rapidly, now driven by dual pillars of new energy equipment manufacturing and zero-carbon industrial development for stable growth.
In recent years, Titan Wind Energy has largely completed its global production base network, with its German base poised to accelerate overseas expansion. Beyond seven coastal production bases in China, the company has actively expanded into Europe with its German base. Four domestic bases—Sheyang (Yancheng, Jiangsu), Tongzhou Bay (Nantong, Jiangsu), Huilai (Jieyang, Guangdong), and Lufeng (Shanwei, Guangdong)—are already operational, while others are under construction or planning. Each base is equipped with advanced infrastructure, including large gantry cranes, deep-water ports, and berthing docks.
