Plastic Omnium (Paris) is continuing to expand in countries with fast-growing automobile markets, particularly Russia and India.
In Russia, Omnium Auto Inergy has announced plans to construct a new plant in Saint-Petersburg in 2013, to service contracts obtained recently from Nissan, General Motors, and Ford. The plant will be built by the 51%-owned joint venture officially created in April 2012 with DSK, Russia's leading fuel systems manufacturer. It will be the Group's third manufacturing facility in Russia, along with the Stavrovo plant that makes fuel systems mainly for Renault Dacia and the Togliatti plant that primarily supplies Avtovaz. By 2015, the division expects to be manufacturing over a million fuel tanks in Russia, giving it 40% of the local market.
In India, Plastic Omnium Auto Exterior has acquired exclusive control of its joint venture in Pune, after buying out the 40% stake held by local partner Varroc. The Pune plant supplies bumpers to General Motors, Mahindra & Mahindra and Volkswagen....