Peter Gardner, general manager and vice president of sales at Niigata Machine Sales North America, earlier introduced the joint venture. He said: 'After the joint venture was established, Niigata made use of Haitian's huge production capacity and procurement needs in Japan at a lower Cost of precision injection molding machine in Japan.
Helmar Franz, Haitian International's non-executive director, said negotiations to form a joint venture started in the spring of 2016 and the two sides had been working together to promote development, which led Niigata to purchase raw materials from Haitian to reduce the cost of processing parts by establishing a joint venture. Said: 'Both sides can make improvements in each other's production technologies and quality control so as to further improve product quality and take full advantage of their respective advantages and win-win cooperation.'
Niigata will also help Haitian design products and plan production methods for all electric injection molding machines, and the two companies will each retain their own production lines. Niigata Managing Director Masaki Kakimoto will serve as president and chief executive officer of Niigata Haitian Injection Molding Machine Co., Ltd.
Kakimoto said: 'Niigata Machinery can reduce production costs by purchasing spare parts and raw materials from Haitian.' 'Niigata will continue to manufacture all injection molding machines in Japan and final assembly, commissioning and quality control of all injection molding machines will be conducted in Niigata, Japan , Said: "Niigata Machine will maintain the same product quality and performance as before, and the low-cost injection molding machine models have been put on the market with strict quality control and maintaining the quality level made in Japan."
A spokesman for Haitian said the two companies are currently not in a hurry to expand production or produce at factories other than Niigata, but as the joint venture develops, it will assess whether to expand cooperation based on market demand for new products.
In October this year at the International Plastics Exhibition held in Japan, Niigata CNS launched the latest low-cost all-electric injection molding machine series, injection molding machine in this factory Niigata production, casting and all other mechanical components supporting the Haitian The CNS injection molding machine is 20% cheaper than the Niigata Standard MD Series with clamping forces between 50 and 100 tons.
In 2011, Haitian opened a technology center in Tokyo for the first time into Japan's injection molding machine market Masaki Kakimoto said Haitian's technology center had no effect on Niigata's decision to establish a joint venture.