HAITIAN
Chinese injection moulding machinery maker sees H1 sales decline / Weak domestic market for smaller models
Chinese injection moulding machinery maker Haitian International (Hong Kong; www.haitian.com) generated sales of about CNY 3.2 bn (EUR 391m) in the first six months of 2012 – about 14.2% less than during H1 2011. Total profit even dropped by 19% to about EUR 60m. Haitian said it sold “more than 11,000 units”. By comparison, in H1 2011 the company produced almost 15,000 individual units.
The group’s domestic business in particular caved in during H1 2012, as sales in China slumped by 21% as a result largely of fewer sales of small machinery. By comparison, export volumes rose by 2.4% to EUR 123m. Haitian’s sales figures for the first six months of this year also paled in comparison to H2 2011, down by 5.9% overall – a fact for which group CEO Zhang Jianming blames the long holiday period surrounding Chinese New Year.
Looking ahead, the Chinese group has high expectations for the second generation of its “Zhafir” and “Haitian” models, which will be introduced in Europe for the first time at the upcoming Fakuma fair, held from 16 to 20 October in Friedrichshafen / Germany (www.fakuma-messe.de).
The group’s domestic business in particular caved in during H1 2012, as sales in China slumped by 21% as a result largely of fewer sales of small machinery. By comparison, export volumes rose by 2.4% to EUR 123m. Haitian’s sales figures for the first six months of this year also paled in comparison to H2 2011, down by 5.9% overall – a fact for which group CEO Zhang Jianming blames the long holiday period surrounding Chinese New Year.
Looking ahead, the Chinese group has high expectations for the second generation of its “Zhafir” and “Haitian” models, which will be introduced in Europe for the first time at the upcoming Fakuma fair, held from 16 to 20 October in Friedrichshafen / Germany (www.fakuma-messe.de).
13.09.2012 Plasteurope.com [223341-0]
Published on 13.09.2012
German version of this article...