Plastic Omnium establishing two new plants in the United States
Global automotive supplier Plastic Omnium, a company that specializes in components and body modules, and automotive fuel systems, has begun work on the construction of two plants in the U.S. One plant will produce auto exterior parts in Chattanooga, TN, aimed at supplying the Volkswagen plant nearby; the other is intended for the production of fuel systems in Fairfax (Kansas), hear its customer General Motors.
These two new sites will increase the group’s market share in North America and will boost revenue in the region, which amounted to 1.4 billion euro in 2013, 27% of the consolidated total, according to information from Plastic Omnium, headquartered in Levallois Cedex, France.
These two plants require a total investment of US$70 million. They will be commissioned in the second half of 2015 and eventually generate revenue of US$140 million.