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In this Edition September 2011 |
LEAD FEATURE |
COMPANY NEWS |
MATERIALS NEWS |
MACHINERY NEWS |
ENVIRONMENT NEWS |
INJECTION MOULDING ASIA |
RUBBER JOURNAL ASIA |
 ELECTRONIC ISSUE |
PRA September 2011 Electronic Issue Now Available |
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Injection Moulding Asia
Haitian sells more machines overseas
C
hina's largest injection moulding machine maker Haitian International Holdings saw a sales growth of 14.8 % in the first half of the year. The Group had sales about RMB3.7 million, with record export sales of RMB988 million, representing an increase of 24.7%, mainly to Southeast Asia and Eastern Europe.Its domestic sales recorded a satisfactory growth of 10.7%, compared with the same period in 2010. "The mild slowdown of the growth momentum in Chinese market is beneficial for the sustainable development of the PIMM industry of China from a long-term perspective," said the company in a press release.
The company also said its energy-saving Mars series and all-electric Venus series have continuously increased market penetration. During the reporting period, sales of the Mars series amounted to RMB2.8 million, representing an increase of 34% when compared with last year and accounted for 76% of the Group's total sales. In addition, sales of the all-electric Venus series reached RMB148 million, representing a higher growth of 79%.
In a bid to expand its production capacity for export sales, the company acquired a 100% interest in Ningbo Export Processing Zone Haitian Precision Machinery. Its major assets are land and a factory building located in Ningbo. This acquisition, along with the Group's new factory in Vietnam, will provide additional capacity for its foray into overseas markets.