NEWS
Haitian machine sales rise by 6% in 2018
Haitian International Holdings, the Chinese maker of injection moulding machinery, has announced its results for the calendar year 2018. Its revenues were 6.5% up to a record high of RMB 10.85bn. Gross profit was 4.7% down at RMB 3.245bn and operating profits fell by 5.7% to RMB 2.24bn, as margins were hit by the rise in raw material prices from the end of 2017. “Our strategic focus on small-tonnage full-electric machines and large-ton- nage two-platen machines continued to deliver
Haitian boosted sales of its Zhafir electric machines in 2018
outstanding results,” the company said. Sales of Zhafir electrical series machines were 49.8% up on 2017 at RMB 1.51bn, while Jupiter two-platen machines were 13.4% up at RMB 1.50bn.
Domestic sales rose by
4.6% to RMB 7.31bn and export sales were up 9.4% to RMB 3.23bn. Despite the impact of the US-China trade conflict, which led to a fall in sales in the US market, Haitian saw increased sales in Germany and Turkey. �
www.haitian.com
Elix
appoints new CEO
Sinochem subsidiary Elix Polymers, a specialised producer of ABS, has appointed David Castañeda as CEO and board member with effect from 8 April. Castañeda has more than 15 years’ experience in the polymers and chemicals industries, holding senior manager roles in operations, technology, and business development and innovation. He replaces Wolfgang
Doering. �
www.elix-polymers.com
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