NEWS Trade conflicts hit Haitian’s sales
Haitian International’s sales in the first half of 2019 fell by 14.8% from the same period of 2018 to RMB 5,009m, which the Chinese company attrib- uted to the slowdown in global economic growth and trade protectionism affecting the market in Asia. The injection moulding machinery group said: “The global trade conflicts and trade protectionism aroused by the US-led countries have been widely spread, which has caused great impact and influence on the free trade in the world. Not only have these factors slowed down the economic growth of developed countries including Europe, the US and Japan, but they have also attacked the economic
PHOTO: HAITIAN
emerging economies in Asia. Mars series machines,
Above: Sales of Haitian’s Mars Series machines declined by nearly 19% in the first half of 2019
growth of emerging markets.”
Domestic sales of
Haitian’s machinery dropped by 20.5% to RMB 3,320m in the first half, and export sales slipped by 2.1% to RMB 1,546m. Increasing uncertainty about demand in export markets has led to investment caution in China. Haitian said: “We remain cautious and less optimistic about the prospects of
Polytec buys Wayand auto
The Polytec Group has concluded a purchase agreement for the automotive business of the insolvent Wayand Group of Idar-Oberstein, Germany. This is subject to anti-trust approval and the fulfilment of other suspensive conditions, but is expected to take place in early September. Wayand employs around 400 in its automotive business area, which mainly produces plastic parts and modules for Europe-based premium automotive OEMs. Polytec said that the deal is in line with
its “strategy of consolidating both its European market position and Car Styling business area”. The new business will add some €50m to its annual sales, as well as adding new customers. �
www.polytec-group.com
4 INJECTION WORLD | September 2019
China and the global econo- my in the second half of 2019.”
As well as the US-China
trade conflict, Haitian noted two other regional uncertain- ties: the continuing lack of agreement about the UK’s exit from the EU which is affecting the European economy; and recent trade conflicts between Japan and Korea which have indirectly caused adverse effects on
RTP buys Zeotherm TPV line
RTP, a US-based compounder of custom engineered thermoplastics, has acquired the whole Zeotherm TPV product line from Japan’s Zeon Chemi- cals. Todd Gummersbach, general manager for TPEs, described this as “just the latest step in our rapidly expanding TPEs business”. This already includes com- pounds based on SEBS, TPV, TPU, POE, COPE and COPA. Zeotherm TPV products are available in durometers
ranging from 70A to 40D. They offer 150°C continuous use performance while withstanding long-term exposure to engine oils and lubricant greases. They also bond well to PA substrates in overmoulding applications, such that, combined with RTP’s Nylabond products, the company says it can now offer a full range of PA-based TPV options to fit the precise requirements of an application. �
www.rtpcompany.com
Above: Zeotherm TPV products bond well to PA substrates
which are Haitian’s biggest sellers, were “fairly sensitive” to the economic slowdown and their sales decreased by 18.9% from RMB 3,910m in the first half of 2018 to RMB 3,172m in the first half of 2019. Sales of large two-platen Jupiter series machines dropped by 20.5% to RMB 664m due to market impacts in the automotive and household appliance industries. Sales of Haitian’s Zhafir electric injection moulding machines increased by 13.6% to RMB 773m. The company said this was due to demand for higher performance machines in the market. �
www.haitianinter.com
www.injectionworld.com
PHOTO: RTP
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