Haitian International Holdings Ltd., Ningbo, China, announced record-high financial results in 2024 with worldwide sales revenue of $2.2 billion, up 23.4 percent from the previous year.
The manufacturer of injection molding machines (IMMs) and other technologies said it benefited from global supply chain restructuring and posted a 16.8 percent increase in international sales, $832.3 million, with strong growth in southeast Asia and in North and South America.
The company’s IMM business grew by 23.8 percent, with sales of $2.1 billion. The servo-hydraulic Mars and electric Zhafir series saw strong demand thanks to expansion in the consumer goods, home appliances and electronics industries. The two-platen Jupiter series benefited from expansion in new-energy vehicle production.
More than 53,000 IMMs were delivered in 2024, up 35.5 percent compared to the previous year.
The company said it is accelerating R&D in smart manufacturing, automation and energy-efficient solutions, integrating big data and internet-of-things (IoT) technologies to optimize production efficiency and sustainability.
