Chinese injection machine giant to build electric machines in Germany -for sale in Asia

摘要

Executive vice president of Haitian -and managing director of the new Zhafir Plastics Machinery -is Professor Helmar Franz,who until March last year was chairman of Demag Plastics Machinery in Germany.Demag and Haitian operated a joint venture -Demag Haitian Plastics Machinery -which was dissolved effective January 1 with Demag buying out Haitian and setting the company up as a wholly-owned Demag company building and selling machines in China.At the same time Professor Franz joined Haitian.According to Professor Franz,Chinese consumers and the companies supplying them are inclined to buy cheap and replace quickly,benefiting from the latest in technology.This contrasts with the higher prices paid in the West for longevity.