Xinjiang is a key region for the future development of China's oil and gas industry. The petrochemical sector plays a vital role in driving economic growth during the "Eleventh Five-Year Plan" and beyond, serving as a strategic pillar that leverages Xinjiang’s rich natural resources. It also forms a crucial foundation for achieving the third stage of modernization. Capturing this strategic opportunity is essential for the development of Xinjiang’s electromechanical industry, particularly in the field of petrochemical equipment manufacturing.
In this period, industries such as light manufacturing, textiles, and new building materials—focused on downstream petrochemical products—are expected to grow rapidly. As part of the equipment manufacturing sector, the electromechanical industry should seize these opportunities, promote the application of information technology, upgrade traditional industries, and concentrate efforts on key areas within Xinjiang’s petrochemical development. Major breakthroughs in the production capacity and supporting capabilities of critical equipment will accelerate the region’s industrial modernization process.
However, due to long-term underinvestment, the overall technological level of the petrochemical machinery and equipment manufacturing industry in Xinjiang still lags behind more developed regions. Experts have noted that many companies in this sector are subsidiaries within the petrochemical system. Operating under a planned economy for years, they lack market awareness and competitive drive. If this trend continues, once the protection of the petrochemical system is removed, these companies may struggle to adapt to market competition and risk being eliminated.
To address this, enterprises must undergo transformation, shift their mindset, especially among management, and prepare for upcoming challenges. Currently, many petrochemical equipment manufacturers in Xinjiang operate internally within the industry, enjoying stable funding. However, with many small and medium-sized enterprises lacking economies of scale, they need to actively seek support from authorities, implement technological upgrades, and build a solid foundation for future competitiveness.
Local enterprises should also attract social investment through equity transfers, cooperation, and joint operations, while actively engaging private capital. By adopting market-driven strategies, they can attract well-known domestic and international companies to invest in Xinjiang, aiming to cultivate strong local enterprises.
Experts recommend that petrochemical equipment manufacturers focus on both large and small enterprises, encouraging increased investment in technological innovation. Supporting the establishment of enterprise technology centers, developing market-oriented product systems, and implementing brand strategies are essential. Companies should conduct market research, continuously introduce competitive products, and promote collaboration between industry, academia, and research institutions.
Additionally, it is important to integrate existing resources and fully tap into the potential of current enterprises. Through corporate restructuring, companies should use capital and intellectual property as tools to merge, acquire, or cooperate, thereby maximizing their production and development capabilities and enhancing overall industry competitiveness.
Experts also suggest that most petrochemical companies are central enterprises that have operated in isolation for years. Local enterprises find it difficult to enter their supply chains. To address this, regional authorities should strengthen communication with the petrochemical sector, prioritize the purchase of high-quality local products, offer preferential policies, and encourage large domestic enterprises to collaborate with local firms. This will help strengthen Xinjiang’s petrochemical equipment manufacturing industry and boost the region’s economic growth.
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