Haitian reopens Vietnam plant closed after riots

By Steve Toloken
News Editor / International

Published: August 4, 2014 2:34 pm ET
Updated: August 4, 2014 2:38 pm ET

Related to this story

Topics Asia, Machinery

Chinese injection press maker Haitian International Holdings said Aug. 1 it has restarted its Vietnam assembly plant. The company had shut down operations there in mid-May in the wake of rioting in Vietnam that damaged hundreds of foreign-owned factories and killed several people.

Haitian said in a filing to the Hong Kong Stock Exchange that it reopened the factory in Binh Duong, near Ho Chi Minh City, in mid-July.

“The board is pleased to announce that the Vietnam factory had resumed its normal operation in mid-July 2014 after the incident of anti-China protests and riots in Vietnam in May,” it said. “No material damage had been caused to the Vietnam factory during the aforesaid incident and there was no death or injuries to staff at the Vietnam factory.”

Haitian, based in Ningbo, China, had said in May that the Binh Duong factory accounted for less than 1 percent of its total output in 2013, suggesting that any effect on the company’s overall business would be minimal. It closed the facility May 14 out of concern for the safety of its staff.

Rioters stormed foreign-owned factories in Vietnam in May, following demonstrations against the Chinese government for putting an oil-drilling rig in waters claimed by both countries.


Comments

Haitian reopens Vietnam plant closed after riots

By Steve Toloken
News Editor / International

Published: August 4, 2014 2:34 pm ET
Updated: August 4, 2014 2:38 pm ET

Post Your Comments


Back to story


More stories

Image

Fatalities reported in fire at Bangladesh factory

January 31, 2015 2:43 pm ET

At least a dozen people were reportedly killed in a fire that raced through a plastics factory in Bangladesh’s capital of Dhaka Saturday, with...    More

Image

Yizumi's stock price shoots up

January 30, 2015 11:56 am ET

Chinese injection press maker Guangdong Yizumi Precision Machinery Co. Ltd. has seen its stock price more than double in the first five trading days...    More

Image

China to lead the way on robots

January 30, 2015 11:12 am ET

More industrial robots will be operating in China’s production plants than in the European Union or North America by 2017.    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

Hyundai Mobis investing $24 million to expand in Slovakia

January 22, 2015 9:28 am ET

South Korean auto parts maker Hyundai Mobis has unveiled plans to invest about 21 million euros ($24.1 million) to modernize and expand the output cap...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events