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-  22 May 2017

Plastic Omnium opens its Automotive Strategic Advisory Committee to external internationally recognized experts to accelerate the pace of 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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-  25 April 2017

Very strong revenue growth over the 1st quarter of 2017

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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-  19 April 2017

PLASTIC OMNIUM IN CHINA: Continued strong growth, Revenue set to double to €1.3 billion in 2021

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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-  31 March 2017

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

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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-  06 March 2017

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.

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