Haitian’s growth outside China is a factor in the decision

Demag Plastics Group (DPG) has formally ended its injection moulding machinery partnership with Ningbo Haitian in China.

Demag has acquired Haitian’s half-share of the business for an undisclosed amount. The company will be renamed Demag Plastics Machinery (Ningbo). It will continue to produce its Dragon series of moulding machines, with clamping forces of 50 to 200 tonnes and also intends to sell German-built machines in China.

Haitian will continue to sell its own machines separately in China – and increasingly worldwide. Demag said that Haitian’s increasingly international outlook was a factor behind the split.

PRW.com revealed the split last month, when it reported that DPG’s former chief executive, Helmar Franz, was to become executive vice president of Haitian. Franz’s new role began on 1 January