Haitian posts increased sales in first-half of 2015, expands Canadian representation

Driven by stronger demand for all-electric and two-platen injection molding machines, Haitian International posted increased revenue and profit in the first half of 2015.

The company has also increased its sales representation in Eastern Canada, by appointing Quebec-based Barway Plastic Equipment Inc. as its new sales representation for the distribution of Haitian and Zhafir injection molding machines in Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland.

The Ningbo, China-based machinery maker recorded revenues of US$603.2 million for the six months ending June 30, which represented a mild increase of 1.0% compared to first half of 2014; the company also reported a gross profit margin of 32.3%.

“In the first half of 2015, the sales of the all-electric solution Zhafir Venus Series (400-6,500 kN) increased by 25.9% and the servo-hydraulic two-platen solution Haitian Jupiter Series (4,500-66,000 kN) increased to 64.2% respectively compared to the same period in 2014,” the company said in a statement.

The servo-hydraulic Haitian Mars Series topped the sales number of 130,000 units since its launch in 2007. “Benefiting from market acceptance of our all-electric and two-platen machines, we achieved a growth of domestic sales compared to first half of 2014 by 3.1% to $408.2 million, and further reinforced our leading market position in China,” the company said.

Haitian was also able to maintain a similar level of export sales and recorded $182.7 million, just 3.2% below the record first half of 2014, which is the second highest export level in the company’s history.

Based in Vaudreuil-Dorion, Que., Barway Plastic Equipment is headed by Wayne Hart. Haitian is represented in Ontario by Uxbridge-based Shadow Automation Inc.