Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
March 15, 2016 02:00 AM

Haitian sales edge down on sluggish market in China

Kent Miller
Correspondent
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Haitian International Holdings Inc.
    A Haitian production hall in Ningbo, China.

    Hong Kong — Domestic sales declined but strong sales of electric and two-platen machines bolstered Haitian International Holdings Ltd.'s bottom line for fiscal year 2015.

    Sales for Haitian International Holdings Ltd., China's biggest maker of injection molding machines, dipped 3 percent to 7.34 billion yuan ($1.3 billion) for the fiscal year ending Dec. 31, from 7.56 billion yuan ($1.16 billion) in 2014. Domestic sales were down 4 percent to 4.87 billion yuan ($748 million). Despite sales growth in Europe, South Korea, India, Mexico and Vietnam, total exports were off 1.6 percent to 2.29 billion yuan ($352 million).

    Haitian sold 25,778 machines in 2015, down 4 percent from 26,839 in 2014. The average selling price for each machine edged up $2,000 to $278,000.

    Operating profit grew 4 percent to 1.55 billion yuan ($238 million). The company attributed the gains to falling prices for raw materials and internal improvements that include an upgraded IT system, improved efficiencies in the manufacturing process, and increased production capabilities — a 120,000-square-meter plant in suburban Ningbo was dedicated last May.

    The company is adding a production line for 1,000-ton electric machines to the Chunxiao plant, Haitian director Helmar Franz said. Franz in January retired from his decade-long roles as Haitian's executive director and chief strategy officer, but he continues to take an active role on the company's executive team.

    Haitian's Zhafir Venus line of full-electric machines grew 29.5 percent to 678 million yuan ($104 million) on 1,552 machines sold. This year's Zhafir Venus 2+ models are incorporating a lightweight preplasticizing unit, the company announced. “There's no machine better than Zhafir in the price-performance of electric technology,” Franz said.

    The company's Jupiter two-platen machines jumped 39.8 percent to 741 million yuan ($114 million). Meanwhile, the flagship Mars series comprised nearly 70 percent of Haitian's sales. Enhancements in the past year to the Mars series includes graphite copper and steel bushing, which reduces maintenance costs.

    Haitian Executive Director and CEO Zhang Jianming touted the company's strategic move to an “application-oriented sale model.”

    “This marks Haitian's transformation from a supplier of individual units into a supplier of a whole set of equipment plus overall solutions for our customers' production,” Zhang said. “We will further enhance our pre-sales and after-sales service network by setting up service and application centers and expanding overseas assembly plants.”

    Having weathered last year's falling yuan and gyrating stock market, Franz said the company could adapt to all but the most sudden and unexpected macroeconomic shocks.

    Despite the downturn in sales, Franz remains bullish on the mainland's economy. “Where is the crisis?” he asked rhetorically. “Some people talk about ‘the turning point in China.' What turning point are they talking about? This is a country with a 5,000-year-history.”

    China, he said, was moving into a phase of smarter, more managed growth.

    “When the top-line growth is reducing, that doesn't mean it's bad for China. Because at the same time, the portion of this growth coming from internal consumption and efficiency gains is increasing. ... For the Chinese, it is a better, more sustainable source of growth,” he said.

    RECOMMENDED FOR YOU
    Illinois AG sues 14 firms over PFAS contamination
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Berry CEO Salmon retiring
    2
    Slowing demand for thermoformed PET leads to Genpak plant closure
    3
    Prices on the rise for PP, PVC
    4
    SK Battery America invests $19M in Georgia IT center
    5
    Singing the praises of family ownership
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • PN Live: Mergers and Acquisitions
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified