Haitian reopens Vietnam plant closed after riots

By Steve Toloken
Staff Reporter / Asia Bureau Chief

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

Related to this story

Topics Machinery, Asia

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
Staff Reporter / Asia Bureau Chief

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

Bill Kent named Thermoformer of the Year

September 18, 2014 12:11 pm ET

Bill Kent flew 6 million miles in a 50-year career at Brown Machine LLC — where he began assembling thermoforming machinery on the factory...    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

US plastics machinery market still gaining strength in second quarter

September 15, 2014 5:01 pm ET

UPDATED — U.S. plastics machinery shipments in the second quarter continued to outperform activity in 2013, according to data from Society of...    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process...    More

Image

Orenda says new pulverizer improves efficiency through cooling

September 10, 2014 1:41 pm ET

Orenda Automation Technologies Inc. will unveil a new pulverizer with new cooling technology at the Rotoplas conference for rotational molders, Oct. 6...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events