Plastic Omnium opens its Automotive Strategic Advisory Committee to external internationally recognized experts to accelerate the pace of innovation

22-05-2017 Innovation

Plastic Omnium opens its Automotive Strategic Advisory Committee to external members who will provide authoritative advice and guidance to foster PO’s innovation patterns.
This committee, created in 2011 and led by Plastic Omnium’s Scientific Director, supports the development of a comprehensive policy approach on open innovation, collaboration and cross-fertilisation, private and public partnerships, and technology transfer.
In addition to Plastic Omnium R&D VPs, this Advisory Committee hosts eminent, internationally recognised figures from the academic world, research and industry.

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from left to right: Jay Lee, Hiroaki Kitano, Ronan Stephan, Mathias Fink in Levallois headquarters

Very strong revenue growth over the 1st quarter of 2017

25-04-2017 Finance

For the 1st quarter of 2017, economic sales reported by Compagnie Plastic Omnium amounted to €2,039.4 million, up 32.8% compared with the 1st quarter of 2016. Consolidated sales, excluding joint ventures, rose by 36.0%.
This very strong growth is the result of:
– organic growth of 16.8% in the automotive business, which outperformed global automotive production by 10.9 points;
– the exterior systems acquired on July 31, 2016.

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Plastic Omnium in China: Continued strong growth

19-04-2017 Expertise

Exhibiting at Auto Shanghai for the 3rd time, Plastic Omnium confirms its successful development in China and capacity to pursue its growth in the biggest automotive market in the world, leading to double its revenue* to €1.3 billion in 2021.
Plastic Omnium set up in China in 2007 and recorded revenue of €640 million in the Chinese market in 2016, with 26 production sites and a workforce of 5,100.
Our robust growth expectations are based on market share gains, developments with local Chinese car manufacturers, and the increase in the share of innovative products. Growth projections are backed by a comprehensive industrial network and expanded R&D capacity.

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€200 million sale to Flex|N|Gate of part of the business purchased from Faurecia is confirmed

31-03-2017 Expertise

Today, Plastic Omnium finalized the sale of seven European sites (four in France, one in Spain, two in Germany) to US-Based Flex|N|Gate Group. This disposal was required by the European Commission as part of the takeover of Faurecia Auto Exterior in July 2016. As previously announced, the deal was made for an enterprise value of €200 million.
The integration process of the scope retained by Plastic Omnium, which amounts to €1 billion in revenue, is proceeding on schedule, and its profitability improvement target has been confirmed.

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Plastic Omnium invests $300 million in the United States

06-03-2017 Expertise

After the new plants in Chattanooga (Tennessee for Volkswagen) and Fairfax (Kansas for General Motors), Plastic Omnium launches the construction of two additional plants in the United States.
The Greer (South Carolina) plant under construction is intended to deliver all large exterior painted body parts for the BMW X3, X4, X5, X6 and future models at the BMW plant adjacent to Plastic Omnium; it will also supply Volvo in South Carolina and Daimler in Alabama.
Moreover, Plastic Omnium will produce, in its new Tennessee plant, fuel systems for a Japanese car maker.
These two state-of-the-art plants will come on stream mid-2018.
In total over 3 years, Plastic Omnium will have invested $300 million in the construction of 4 new plants in the United States, which will employ nearly 1,000 people.

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2016: a record and structuring year

23-02-2017 Finance

2016 was an exceptional year.
Firstly from a financial perspective, Plastic Omnium has set new records with double-digit growth seen repeatedly in all the group’s financial aggregates.
From a strategic perspective, Plastic Omnium closed the most important acquisition in its history by integrating the Faurecia Exterior Systems business. This large-scale operation has given the Group a new dimension – 2016 pro forma revenue of €7.5 billion – and provided leverage to grow both its customer portfolio and technological potential. Furthermore, Plastic Omnium has sold off a number of non-strategic activities in order to focus on its core businesses, namely the automotive industry and the environment.

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2016 Financial results presentation 2016 consolidated Financial statements

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Plastic Omnium received a binding offer for the sale of certain Faurecia Auto Exterior’s assets concerned by the decision of the European Commission

23-12-2016 Expertise

In accordance with the European Commission’s decision to require Plastic Omnium to divest certain assets included in the recent acquisition of Faurecia Auto Exterior, the Group received a binding offer from US-Based Flex|N|Gate Group to acquire the 7 affected sites (4 in France, 1 in Spain and 2 in Germany), for an enterprise value of 200 million euros. On the basis of such offer, the Group has agreed to enter into exclusive discussions with Flex|N|Gate.

On July 11, 2016, Plastic Omnium was authorized to acquire Faurecia’s Exterior Systems business subject to the disposal of certain assets. These assets represent approximately €700 million in revenue, split evenly between (1) the French and Spanish sites for the bumper business, and (2) the front-end module assembly business in Germany.

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Plastic Omnium introduces its 2016-2020 growth and innovation strategy

13-12-2016 Finance

On the occasion of its “Investor Day” held today, Plastic Omnium is introducing its growth and innovation strategy for the 2016-2020 period.

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Investor Day presentation (EN)

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Disposal project of the heavy duty truck business

18-11-2016 Finance

Following the Plastic Omnium project to withdraw from its heavy duty truck business, the Group received on November 18, 2016 a binding offer from the German mutares Group for its acquisition.
This business of design and manufacture of body and structural parts for the heavy duty truck industry has more than 1,500 employees. In 2015 its revenue amounted to €190 million and represented about 2% of the Group’s pro forma revenue.

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Welcoming our shareholders

16-11-2016 Shareholders

For the first time, Plastic Omnium organized a visit for shareholders in the international R&D center, ?-Alphatech (Compiègne, France). Inaugurated by French President François Hollande in April 2016, this center is dedicated to the fuel systems and depollution technologies.

On November 9th, 2016, 30 privileged shareholders discovered « Alphalab » , where development tests are undertaken and « Alphavision » our virtual reality room.

Our experts took them through the details and complexity of a fuel system and explained the most advanced Plastic Omnium solutions for NOx depollution .

To build on this successful day, Plastic Omnium will be organizing other shareholders’ visits in 2017.

Hydrogen

27-10-2016 Innovation

Plastic Omnium is developing an innovating high pressure gas storage system 40% lighter than its metal equivalent. This technology will be a significant enabler towards tomorrow’s greener mobility.

Let’s discover the technology and its applications with our expert

SCR Solid

27-10-2016 Innovation

An innovative and more efficient concept of SCR depollution (Selective Catalytic Reduction) with cartridges. Ready for tomorow’s diesel engines application this technology enables to reduce up to 95% of the pollutant emissions by gas injection for a better efficiency in urban areas or in cold engine conditions.

Discover more on the way it works with our expert

PHEV

27-10-2016 Expertise

Plug-in Hybrid vehicles are equipped with both thermal and electric engines enabling vehicle usage in zero emissions area as well as inter cities journey with regular fuel autonomy. The smart system developed by Plastic Omnium enables a safe fuel storage during electric mode and refueling.

Let’s explore how does it works in real conditions with our expert

AdBlue® SCR

27-10-2016 Expertise

The SCR technology (Selective Catalytic Reduction) enables to reduces Diesel engines pollutant emissions up to 95%. Already on the market, the solutions developed by Plastic Omnium are compliant with the most stringent environmental reglutaions.

Discover how does the system works with our expert.

Revenue at September 30, 2016: €4,889 million – Continuation of strong organic growth

20-10-2016 Finance

Over the first nine months of the year 2016, economic revenue of Plastic Omnium totaled €4,889.3 million, an increase of +12.1% in reported data, in comparison with the first nine months of the year 2015. Growth was +11.8% at constant scope and exchange rates (-€129.9 million due to currency effects and +€142.3 million due to scope).

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