Niigata Machine Techno Co. Ltd. set up a joint venture enterprise with Haitian International Holdings Ltd. in Japan.
  Niigata Haitian Injection Molding Machine Co. Ltd. belongs to Japan injection molding machine manufacturer Niigata and Ningbo Haitian Group. Peter Gardner, Niigata vice president of sales, said that the company would focus on the development of electric injection molding machine technology.
  Gardner said: "The joint venture enterprise enables Niigata to produce high-precision Japanese mold making machines at a lower cost in Japan by using Haitian Group's production technology."
  Niigata will also help Haitian improve the design and production methods of its all-electric injection molding machine. The two companies will retain their own product line respectively.
(R-12)