Plastic Omnium has just won the first contract to mass-produce, for a premium European carmaker, its innovative “Water Injection” system.
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Water Injection technology reduces the emissions of gasoline combustion engines. Water is injected into the combustion chamber to cool the air-fuel mixture, thus reducing CO2 emissions by up to 15%, whilst improving engine efficiency and performance by 10%. |
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On the occasion of its ”Investor Day“ held today at its ?-Deltatech advanced research center in Brussels, dedicated to new energies, Plastic Omnium is setting out its profitable and sustainable growth strategy for 2019-2022, as well as its innovation roadmap to address the rapid technological transformation of the automotive industry.
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Laurent Burelle, Chairman of Compagnie Plastic Omnium, made the following statement: Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium, added the following:
2019 financial outlook: |
The video replay of Plastic Omnium’s Investor Day will be presented during an online presentation on Tuesday, January 7th, 2020 at 10:15 am (Paris time).
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Please register now to: Conf call number: |
On January 1, 2020, Stéphane Noël has been appointed President and CEO of Intelligent Exterior Systems, and Christian Kopp has also been appointed President and CEO of Clean Energy Systems.
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The Intelligent Exterior Systems business, which generates revenue of approximately €4 billion, is the global leader in exterior systems. The Clean Energy Systems business, the world leader in storage and pollution reduction solutions, takes in around €3 billion in revenue. Stéphane Noël, 49, started his career at Hutchinson, working in quality and operations, and later became a subsidiary CEO in Asia. He joined Plastic Omnium in 2012 as President and CEO for Asia for the Clean Energy Systems business. In October 2017 he took on the role of President and CEO of Clean Energy Systems. Christian Kopp is now taking the helm of Clean Energy Systems. |
Plastic Omnium today completed the sale of its non-industrial real estate assets to the real estate company Sofiparc, wholly-owned by Burelle SA, the holding company which also controls Plastic Omnium. As announced, the disposal was completed for an amount of €128.5 million.
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This transaction is part of the rationalization of Plastic Omnium’s asset portfolio, by valuing its non-industrial tertiary assets in a dedicated Burelle S.A. real estate structure. It helps strengthen Compagnie Plastic Omnium’s financial structure. |
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Considering the likely extent of the social movements in France as of December 5, 2019, Compagnie Plastic Omnium believes it preferable to postpone its Investor Day, initially planned for Friday December 6, 2019 at its research center, ?-Deltatech, in Brussels.
This meeting will now be held on January 7, 2020 at ?-Deltatech, in Brussels.
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Laurent Burelle, Chairman of Compagnie Plastic Omnium, Laurent Favre, Chief Executive Officer and Félicie Burelle, Managing Director, will present the Group’s profitable and sustainable growth strategy for 2019-2022, as well as its innovation roadmap, designed to meet the acceleration of the automotive industry’s technological transformation. |
Plastic Omnium has recently won a significant order from a German manufacturer for the development of 350-bar hydrogen tanks. The contract signed for bus equipment is the largest project in Europe at this time for this type of vehicle.
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In parallel to this success, Plastic Omnium has just obtained its first certification for a 700-bar hydrogen storage tank designed to equip passenger cars. The certification, R134, is an international standard that ensures the respect of the strictest specifications of high-pressure hydrogen tanks regulations. Other certifications are underway for 350-bar hydrogen tanks and for CNG tanks. This contract and this first certification demonstrate the recognition of Plastic Omnium’s technological know-how, developed in the field of high-pressure composite plastic tanks over the last four years. |
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As every year, Plastic Omnium has organized a visit for its individual shareholders.
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Twenty shareholders have had the opportunity to visit the ?-Alphatech R&D Center to discover the Group’s storage and depollution solutions dedicated to different kind of engines. Opened in 2014 and inaugurated in April 2016 by President François Hollande, the center has expanded his expertise from fuel systems, emissions reduction to the storage and distribution for all energies. ?-Alphatech employes more than 600 engineers, of 30 different nationalities, it deposits about 70 programs every year and supports 35 SOPs (starts of production) worldwide. |
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In the 3rd quarter 2019:
– Revenue of €2,240.8 million, up 10%
– Outperformance of 11.7 points over worldwide automotive production
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For the first nine months of 2019: For the 2019 full-year, in expectation of a decline of around 6% in worldwide automotive production, the Group confirms: “In a complex market environment marked by a drop of around 6% in worldwide automotive production in 2019, Plastic Omnium posts strong outperformance, reflecting market share gains in all of its business lines, along with the ramp-up of the Group’s new production facilities and the success of its range of innovative products. Laurent Burelle, Chairman and Chief Executive Officer |
Plastic Omnium strengthens its CSR commitment
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Since 1946, Plastic Omnium has supported the many changes that have taken place in the automotive industry. Lighter cars, emissions reduction , search for cleaner energies, sustainable mobility is historically at the core of our knowhow and at the heart of our business. Family owned and responsible company, whose growth is built on human and entrepreneurial values Plastic Omnium structures his CSR policy to become a referent partner for his customers in sustainable mobility. ACT FOR ALL marks a new ambition, in a spirit of continuous improvement of our environmental policy, towards a unique and shared vision of collective commitment. Today, October 23, 2019 the first ACT FOR ALL day mobilises all of Plastic Omnium world teams around the 3 CSR following pillars: A history of engagement, concrete initiatives
Today Plastic Omnium launches its new CSR program, ACT FOR ALL !It marks a new ambition in a spirit of progress and continuous improvement of our safety and environmental approach. A global and unifying program, ACT FOR ALL embodies the commitment of a Responsible Group to sustainable business practices. The operational objectives are global. In each site, actions will be undertaken to train the teams with ethical obligations, the preservation of the environment, the support of local populations, and health and safety. In view of the important technological, climate and societal challenges, ACT FOR ALL is in general commitment in the general interest, in order to systematize and measure our actions for everyone, every day. Our CSR strategy is built on 3 pilarsA GENERAL COMMITMENT TO THE PUBLIC INTEREST The ACT FOR ALL approach, built on 3 axes, marked out with 10 markers, guides our actions, in the interest of all the stakeholders: To act and produce in a responsible way and in the respect of all, is part of the Plastic Omnium culture. World leader, the reduction of vehicle emissions is in our DNA, the thread of our research and the pride of our employees.
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Plastic Omnium is proud to be sponsor of this ambitious project. An innovative concept combining museum and cultural center devoted to gastronomy.
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Plastic Omnium, originally from Lyon, supports the region’s iconic gastronomy by sponsoring The International City of Gastronomy that will open in the historic building Lyon’s Grand Hôtel-Dieu, today, October 19th! First cultural center entirely devoted to gastronomy, The International City of Gastronomy aims to become a place dedicated to exhibitions, meetings and culinary discoveries, with an innovative space “at the crossroads of food health and pleasure“. Plastic omnium is proud to be sponsor, since the beginning, of the realization of this large-scale project ! |
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Despite strong activity and a buoyant backlog, operational difficulties affecting the start-up of the new Greer plant (South Carolina) have led the Group to review its financial outlook for 2019.
Over the first nine months of 2019, Plastic Omnium Group activity was very strong. Economic revenue amounted to €6,852 million (€6,356 million in consolidated revenue), up 17.0%. At constant scope and exchange rates, the rise was 2.7% compared to September 30, 2018, i.e. outperformance of 8.7 points compared to automotive production estimated to be down 6.0% over the period.
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At the same time as this strong business, Plastic Omnium experienced significant operating difficulties in the ramp-up of its North American Greer plant (South Carolina). The difficulties encountered relate to the size of the plant, the complexity of the process and the acceleration of volumes since summer 2019. |
Laurent Burelle becomes Chairman, Laurent Favre joins the Group as Chief Executive Officer and Félicie Burelle is appointed Managing Director.
On a proposal from Laurent Burelle, with an aim to pursue long-term growth for the Group by seizing opportunities related to the transformation of the automotive market, the Board of Directors of Compagnie Plastic Omnium, at its meeting today, decided to appoint a new leadership team and change the company’s governance structure.
Starting January 1st, 2020, Laurent Burelle, Chairman and Chief Executive Officer since May 2001, will become Chairman of the Group. Laurent Favre will be Chief Executive Officer (CEO) and Director. On a proposal from Laurent Favre, Félicie Burelle will become Managing Director, alongside the CEO.
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Laurent Burelle declares : ”I’d like to thank Jean-Michel Szczerba for his dedication and loyalty to three consecutive family Chairmen and CEOs of the group, for his tremendous contributions to make Plastic Omnium a globalized automotive supplier that is a leader in its three business segments, with profitable growth. Thank you also to Paul Henry Lemarié, who is leaving his role as Chief Operating Officer of Compagnie Plastic Omnium after 39 years, during which he supported and participated in all the key operations that have made the group so successful. Paul Henry Lemarié will continue in his role as Director and Chief Operating Officer of Burelle SA. The automotive industry has entered a new phase of development marked by upheavals that are unprecedented in their scale and speed. With our solid human, technological and financial foundations, we are moving forward into this future with the long-term vision and enthusiasm that have made our group so successful from the start. I am confident in the new leadership team’s ability to keep transforming Compagnie Plastic Omnium with the renewed support of Burelle SA, Compagnie Plastic Omnium’s controlling holding company, of which I am Chairman and Chief Executive Officer.“ |
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Plastic Omnium has become co-sponsor and member of the Advisory Board Committee, of the AP Ventures fund, a venture capital firm headquartered in London and specializing in hydrogen and fuel cells. Its existing sponsors include Mirai Creation Fund, in which Toyota and Sumitomo Mitsui Banking Corporation (SMBC) are seed LPs, Mitsubishi Corporation, Anglo American Platinum and the South African investment fund PIC. Plastic Omnium’s commitment amounts to $30 million over the fund’s lifetime.
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The Plastic Omnium Group thus confirms hydrogen as a strategic development axis, contributing additional resources to AP Ventures for its continued investments, on a global scope, in innovative companies in the upcoming fields of hydrogen, fuel cells and electric mobility. This investment by Plastic Omnium comes shortly after the opening of two new R&D centers in July 2019: ?-Deltatech, in Brussels, to conduct advanced research on clean energies, and ?-Omegatech, in Wuhan, China, to develop Asian projects and hydrogen. Félicie Burelle, Senior Executive Vice-President, Strategy and Development, at Compagnie Plastic Omnium, commented on this investment: |
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In the second-half of 2018, worldwide automotive production declined for the first time in 10 years (-4.4%); this decline steepened in the first-half of 2019 (-6.9%). In this context, in the first-half of 2019, Compagnie Plastic Omnium saw its revenue grow 20.7% and its results show good resilience thanks to cost savings plans carried out from the 4th quarter of 2018.
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– Group revenue stood at €4,611 million, growing 20.7% at the new Group scope. Like-for-like, it was stable (+0.2%) and outperformed worldwide automotive production by 7.1 points, particularly in China and North America. In expectation of an estimated 4.5% drop in worldwide automotive production for full-year 2019 (an estimated production of around 87 million vehicles in 2019 versus 91.3 million in 2018), Plastic Omnium strengthened its cost reduction plan. Furthermore, on the basis of an independent valuation, Plastic Omnium expects to sell its commercial real estate assets to the real estate company Sofiparc, wholly-owned by Burelle SA which is also the holding company controlling Plastic Omnium. This transaction would enable the non-industrial real estate assets of Plastic Omnium to be rationalized and strengthen its financial structure. 2019 First-Half results presentation2019 First-Half results report |
