Sao Paulo, Brazil, 23 May – Chinese group Haitian, one of the world’s largest manufacturers of plastic injection machines, plans to build a factory in Brazil, the head of the company’s Brazilian subsidiary said Monday.
Xiang Linfa said that the aim was to get around 10 percent of the Brazilian market for the sector, over the next few years, which sells around 1,500 machines per year.
In Brazil, since the end of 2004, the subsidiary of the Chinese group has had an import office in the city of Sao Roque, some 65 kilometers from Sao Paulo.
Xiang said that, in a little over a year of activity, the Brazilian subsidiary had sold around 100 plastic injection machines imported from China.
The future factory in Brazil, the location of which was not announced, will also be responsible for the entire market in South America.
Injection machines are widely used in several industry sectors, such as food, electronics, and vehicles, for manufacturing plastic components.
Currently, Haitian controls 10 factories in China, Italy and Turkey, as well as offices in the United States, Canada, Mexico and Brazil.
The Chinese group, which produces 12,000 machines per year, has annual turnover of US$350 million, US$100 million of which is from its overseas units.
Italy’s Sandretto, the only foreign company producing this type of equipment in Brazil, leads the Brazilian market, with a 30 percent share.
The Brazilian market for plastic injection machines is worth some US$300 million per year. (macauhub)