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David Meneses appointed Executive Vice President Sustainability and Member of the Executive Committee
Plastic Omnium aims for world leadership in hydrogen mobility
During today’s online conference at 2:00 PM CET, Plastic Omnium will present its strategic vision for hydrogen mobility:
- an industrialized and competitive offer across the entire value chain: hydrogen vessels, fuel cell stack and integrated hydrogen system
- a rapidly expanding market from 2025 climbing to at least 2 million vehicles by 2030
- €3 billion in revenue for Plastic Omnium in 2030 following an annual investment of €100 million over the coming years.
Join the virtual conference on November 25, 2020
November 25th, 2020
2pm – 3.30 pm, CET
Plastic Omnium and ElringKlinger partner in fuel cell technology to accelerate the development of hydrogen mobility
- Creation of EKPO Fuel Cell Technologies, a leading joint venture for development and mass production of fuel cell stacks for CO2- neutral mobility
- ElringKlinger will contribute its fuel cell business and know how and Plastic Omnium will bring additional development capacity to accelerate growth
- ElringKlinger will hold 60%, Plastic Omnium 40% of the new company
- Plastic Omnium acquires ElringKlinger’s Austrian subsidiary, specialized in integrated hydrogen systems, to complement its global hydrogen strategy
Significant recovery in Q3 2020
In Q3 2020:
- Revenue: €2,097 million (down 3.1%*)
- Faster-than-expected recovery in worldwide automotive production, which was down 4.3% (versus a decline of 33% in the first half-year), magnifying the positive effects of the cost-saving and cash generation plans
- Confirmation of operational improvement at the Greer plant in line with targets
