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.
Author: admin
2016: a record and structuring year
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 presentation2016 consolidated Financial statements |
Plastic Omnium received a binding offer for the sale of certain Faurecia Auto Exterior’s assets concerned by the decision of the European Commission
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.
Plastic Omnium introduces its 2016-2020 growth and innovation strategy
On the occasion of its “Investor Day” held today, Plastic Omnium is introducing its growth and innovation strategy for the 2016-2020 period.
Disposal project of the heavy duty truck business
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.
Welcoming our 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.
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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.
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Hydrogen
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.
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Let’s discover the technology and its applications with our expert |
SCR Solid
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.
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Discover more on the way it works with our expert |
PHEV
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.
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Let’s explore how does it works in real conditions with our expert |
AdBlue® SCR
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.
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Discover how does the system works with our expert. |
Revenue at September 30, 2016: €4,889 million – Continuation of strong organic growth
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).
French Prime Minister Manuel Valls visits Plastic Omnium‘ booth at the Paris Motor Show
French Prime Minister Manuel Valls inaugurated the Paris Motor Show on September 30th, 2016. He was welcomed on the Plastic Omnium booth by Laurent Burelle Chairman and CEO, who presented the Group’s latest innovations in the fields of weight reduction and de-pollution.
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Plastic Omnium booth at the Paris Motor Show
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Plastic Omnium, a new player in electric propulsion
Plastic Omnium, the world leader in exterior components and modules and in fuel systems, is stepping up its research to contribute to the future evolution of cars, by continuing to further reduce vehicle emissions.
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The company is already present on the emissions control market with its SCR system, as well as its pressurized fuel tank systems for hybrid vehicles. It is now positioned as an actor in vehicle propulsion systems using hydrogen and fuel cells. At the Paris Motor Show (Mondial de l’Automobile), the Group is presenting a high-pressure hydrogen storage prototype that can provide considerable autonomy and a recharge time of only 3 minutes, versus several hours for electric vehicles. Fuel cells will allow electric vehicles to overcome problems related to autonomy and recharge times that are currently restricting their development. Plastic Omnium and the Israeli company ELBIT Systems have just created a start-up, POCellTech, working with fuel cells and supercapacitors. A joint research center recently opened in Caesarea, Israel. Plastic Omnium provides its automobile expertise in the management of electronic systems and fluids. The company’s know-how, and ELBIT Systems’ existing developments are coming together to create a fuel cell with very low precious metal content, as well as a new range of supercapacitors.
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Ronan Stephan, Scientific Director of Plastic Omnium
Ronan Stephan is appointed Scientific Director of Compagnie Plastic Omnium. Ronan Stephan reports to the Chairman and CEO’s and is a member of the Executive Committee.
Ronan Stephan (56 years old), ENSI, doctorate in Science, is a physicist who first specialized in research on magnetic and superconductive materials.
The Environment Division is refocusing to ramp up development in its waste management business line
Compagnie Plastic Omnium announces the disposal of two subsidiaries in its Environment Division.