Plastic Omnium announces the construction of a new plant in LinGang, Shanghai region, by YFPO, its joint venture with Yanfeng which ranks as China’s leading manufacturer of exterior body systems.
|China, the world’s largest automotive market, is strategic for Plastic Omnium, which already has 32 production facilities, 2 R&D centers and an office in Shanghai. The Group generated 11% of its economic revenue in China in 2020 (€847 million).
The foundation stone of the LinGang plant was laid at the end of May, in presence of 70 guests including our customers and government representatives. The production of bumpers will start in 2022, with a capacity of more than 1 million parts per year.