Hong Kong-listed Haitian International Holdings Ltd. announced an investment of 63 million yuan (US$9.7 million) in CNC machines and processing centers to make parts and components for plastics machinery.
The company made the purchase decision based on needs to boost its production capacity of plastics injection molding machines, Haitian said in an April 28 announcement.The supplier is Haitian Precision Machinery Co. Ltd., an affiliated company of the injection press maker.