News & Opinion>>Machinery

Chinese plastics firms report sales, earnings growth

In a flurry of financial reports, Chinese and Asian plastics firms are posting generally solid results.

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KraussMaffei says new owner's access to Chinese market boosts sales

Equipment maker KraussMaffei Group saw its revenue climb 8 percent to a record 1.37 billion euros 9$1.68 billion) in 2017, with the company crediting Chinese demand for playing a key part in that.

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China's Haitian sees sales jump 25 percent

Haitian International Holdings Ltd., China's largest maker of injection molding machines, said sales rose 25.8 percent in 2017, with both exports and the domestic market showing similar gains.

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Haitian to open new plant in India

Chinese injection press manufacturer Haitian International Holdings Ltd. is building a new factory in India, and already has plans to open another.

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Execs say new US tax law could boost machinery sales

Plastics machinery industry executives in the United States, including at some Chinese firms, say the U.S. government's new reform package could boost equipment sales this year.

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ChemChina to list KraussMaffei on Shanghai Stock Exchange

China National Chemical Corp. (ChemChina) is moving forward with plans to list KraussMaffei Group GmbH on the Shanghai Stock Exchange.

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China drives growth for KraussMaffei

KraussMaffei Group GmbH is experiencing powerful momentum from China 18 months after the company was purchased by state-owned China National Chemical Corp. (ChemChina) in April 2016.

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China's plastics industry makes a push in Mexico

China's plastics machinery industry was out in force at the recent Plastimagen show in Mexico City.

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Niigata forms joint venture with Haitian

Niigata Machine Techno Co. Ltd. has formed a joint venture in Japan with Haitian International Holdings Ltd., China's biggest manufacturer of injection molding equipment.

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Yizumi sees German R&D base bringing 'affordable' high-tech to China

Chinese plastics equipment maker Yizumi Precision Machinery Ltd. is setting up a research center in Germany, in a push to adapt manufacturing technology from high-cost spots like Europe to mass-market factories in places like China.

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