Plastic Omnium invests $300 million in the United States
LEVALLOIS, France, March 7, 2017 /PRNewswire via COMTEX/ --
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Plastic Omnium, a Levallois, France-based tier one supplier of automotive exterior components and modules and fuel systems, has begun the construction of two new manufacturing facilities in the United States.
These facilities, located in Greer, South Carolina and Tennessee, are the third and fourth new Plastic Omnium facilities in the United States in the past three years. The company began production in facilities in Chattanooga, Tennessee and Fairfax, Kansas in 2015. In total, the company will have invested $300 million and added nearly 1,000 jobs in the four facilities once construction is completed in 2018.
The Greer, South Carolina facility will deliver all large exterior painted body parts for the BMW X3, X4, X5, X6 and future models produced at BMW's Greer facility, as well as exterior components for Volvo and Daimler.
The Tennessee facility will produce fuel systems for a Japanese automaker.
These additional manufacturing facilities in the United States will allow Plastic Omnium to increase production in North America, the company's highest-performing market, with $1.4 billion in sales in 2016.
The new Greer facility will be Plastic Omnium's pilot "4.0 plant," designed to further improve industrial processes, quality, automation, standardization and competitiveness of new manufacturing facilities.
The construction of these facilities is part of the EUR 2.5 billion global investment program announced by Plastic Omnium from 2016-2020, to solidify its position as world leader in its two automotive divisions - exterior equipment (15% global market share) and fuel systems (21% global market share).
About Plastic Omnium
Plastic Omnium is the world leader in automotive exterior components and modules, automotive fuel systems, and waste container solutions for local authorities and companies. The Group has 33,000 employees across 128 plants, 23 R&D centers and 31 countries worldwide. Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570).
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SOURCE Plastic Omnium