Plastic Omnium invests $300 million in the United States
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.
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.Read more Send by email
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.Read more Send by email
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.Read more Send by email