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-  11 January 2016

PLASTIC OMNIUM’S NORTH AMERICAN GROWTH BOOSTED BY A $650 M INVESTMENT

Plastic Omnium, the world leader in automotive exterior components and modules and automotive fuel systems, is exhibiting at the North American International Auto Show in Detroit for the first time in 2016.

The company recently announced an acquisition of Faurecia’s Auto Exterior division, which reported sales of $2 billion in 2014. With this transaction, Plastic Omnium emerges as a global player with over €8 billion of sales which places it among the 25 largest automotive suppliers worldwide.
(Since the deal is anticipated to close by the end of 2016, the figures below do not include this acquisition).

North America: First growth driver for Plastic Omnium in 2015-2019
From 2015-2019, North America will be the largest contributor to Plastic Omnium’s total growth. With an increase in revenue of nearly $1 billion, the company’s revenue is expected to increase by 50 percent to reach a total of $2.8 billion. This strong growth is supported by a sustained investment plan of $650 million, aiming at increasing the industrial footprint, diversifying the portfolio of customers and developing innovative products and solutions.

Four new plants in 2015 - 2017 with an objective to increase market share
In 2015, Plastic Omnium launched two new manufacturing facilities in the United States: in August 2015, the Chattanooga (Tennessee) facility started producing bumpers for Volkswagen, and in November 2015, the Fairfax (Kansas) plant delivered its first fuel systems to General Motors.

Additionally, two new manufacturing facilities are under construction in Mexico. Leon will start production mid-2016 to deliver fuel systems to General Motors and Daimler, while the San Luis Potosi facility will start delivering exterior components to General Motors in mid-2017, and will also supply components to Daimler.

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