May 4 (SeeNews) - Haitian Machinery, a subsidiary of Chinese industrial machine manufacturer Haitian Plastics Machinery Group, said it has broken ground for a production plant in Ruma, in northern Serbia.
Construction work on the building can begin in the autumn and he plant is scheduled to go into operation in the first quarter of 2025, Haitian said in a press release last month.
The plant in Ruma will enable Haitian to directly and efficiently serve the European market, closely link the markets in Eastern Europe and the Middle East, and optimise its services in Serbia.
“Ruma is ideally located for us as Haitian International to directly supply Mars and Jupiter machines to our customers’ markets in Eastern Europe and the Middle East and to support them with local services. In Serbia, the Haitian team has already built up a large customer base, which the new plant will enable us to serve even better in the future,” said Haitian CEO, Sun Yiming.
The investment is worth 100 million euro ($110.6 million), Haitian International Holdings Limited said in January. The plant will span a total of 250,000 square metres with a capacity to produce 2,500 injection moulding machines per year.
Ningbo-headquartered Haitian Plastics Machinery operates in China, Europe, and the Americas with nearly seven thousand employees worldwide. It recorded revenues of 12.3 billion Chinese yuan ($1.8 billion/1.6 billion euro) in 2022.
($ = 0.9043 euro)