Haitian to start assembly of injection presses in India

By Satnam Singh
Correspondent

Published: August 25, 2014 2:59 pm ET
Updated: August 25, 2014 3:02 pm ET

Image By: Haitian International Holdings Ltd. Production of Haitian International Holdings Ltd.'s Zhafir machines in Ningbo, China.

Related to this story

Topics Asia, Machinery

MUMBAI — Chinese press maker Haitian International Holdings Ltd. plans to expand its operation in India.

The company will start by taking over a leased 1-acre property on the outskirts of Ahmedabad, where it will stock injection presses manufactured at its plant in Vietnam within a few months.

By early next year the facility will assemble presses, according to Milind Agnihotry, general sales manager at Zhafir Plastics Machinery Ltd., the company’s Indian subsidiary.

Zhafir is in the midst of applying for necessary licenses for a larger operation in India. “Our plan is to begin with the stock-and-sell operation followed with assembly of injection molding presses soon,” Agnihotry said.

The timing of Haitian’s decision is significant, with the recent appointment of Narendra Modi as India’s prime minister. Plastics officials expect the new government to be stable and friendly to industry.

Agnihotry declined to say that Haitian’s plans in India were related to the new government, but rather that it is a long-stated plan of the company to grow in India.

“India is an important market and expanding the operation is in line with serving the market more efficiently,” he said.

The decision does mark a change in policy for Haitian, though. In 2010, Helmar Franz, Haitian’s executive director and chief strategy officer, specifically cited India as a difficult market, and he blamed the government’s decision to impose anti-dumping duties on Chinese machines, starting in 2009.

Those duties have been extended through 2015, and the New Delhi-based Plastics Machinery Manufacturers Association of India has petitioned the government to keep the duties on Chinese made hydraulic machines through 2019, and to expand the duties to include presses made in Taiwan, Vietnam and the Philippines.

Zhafir sells 250-350 presses in India annually.

It is not clear when Zhafir would consider upgrading the Indian operation to full-fledged production facility.

“We may consider further expansion after starting the assembly operation, next year, depending on demand in the Indian market,” Agnihotry said.

It is largely expected that the injection press market in India will jump dramatically this year, with one expert predicting 35 percent growth.


Comments

Haitian to start assembly of injection presses in India

By Satnam Singh
Correspondent

Published: August 25, 2014 2:59 pm ET
Updated: August 25, 2014 3:02 pm ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a Mexican...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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