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

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Image

Auxiliary equipment maker Ross expands in India

November 25, 2014 1:12 pm ET

U.S. auxiliary equipment maker Charles Ross & Son Co. is expanding in India, opening a new plant early next year in Pune.    More

German plastics firms weigh options for Brazil

November 25, 2014 6:00 am ET

Brazil, the largest market in South America, has been a lure for foreign investors for many years, and in the past decade, it has enjoyed good economi...    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

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events