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December 15, 2006

1 Min Read
Haitian forming JV in Russia

Injection molding machine maker Ningbo Haitian (Ningbo, China) has established a joint venture with equipment trader/agent Plastic-Centre (Moscow) with the JV partner now handling sales, application support, training, and service exclusively, letting Haitian consolidate the work formerly handled by a network of independent agents in the Russian market. Haitian has a goal of market leadership in Russia and in the former CIS countries by 2010.

In addition to its headquarters in Moscow, Haitian will initially install agencies in St. Petersburg and Samara, which eventually will be supported by additional offices in the Ukraine and other regions in Russia and the former CIS states. Alexander Dokouchaev was appointed CEO of the new company, coming to Haitian from a management and marketing consultancy. Hu Bo, already with six years at the machine maker, was appointed CTO and technical director and is responsible for all service-related activities.

Haitian retains its shares in the Russian JV via its Haitian Europe subsidiary in Italy.

Last year, Haitian sold 140 machines in Russia and the former CIS states, a relatively tiny share of the 17,000 machines it expects to produce this year but enough to give it a top-five position in Russia.

Ningbo Haitian Group is the largest injection molding machinery manufacturer in the world in terms of sold units, and the firm says it has a 60% share in China for large machines and a 15% share there for small machines.—[email protected]

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