Regulatory Filings • Dec 12, 2018
Regulatory Filings
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Levallois, December 12, 2018,
Plastic Omnium and Brose announce the launch of an innovative co-development project on automotive side-doors. Brose, leading family-owned automotive supplier headquartered in Coburg, Germany, is specialized in mechatronic systems for vehicle doors and seats.
The collaboration, involving engineering and design experts from both companies working in a newly established technical and program office in Nuremberg, Germany, consists in jointly developing a new hybrid door systems to anticipate future needs of our customers.
Plastic Omnium provides its technological know-how in body panels, crash and system design for car exterior and BROSE contributes its innovative solutions in the field of mechatronics and door systems.
"Incorporating Plastic Omnium and Brose technologies and know-how, will allow offering new styling, new functions and new vehicle assembly strategies. We thus intend to meet the challenges facing autonomous vehicles and to enhance driver and passenger safety and comfort" agreed Laurent Burelle, Chairman and CEO of Plastic Omnium and Kurt Sauernheimer, CEO of Brose.
With this technological partnership, Plastic Omnium continues to underpin its innovation strategy, supported by 3,500 engineers in 24 R&D centers worldwide and 6% of its revenue yearly invested in Research and Development. Innovative capabilities have also been recently reinforced with:
Combined with an open innovation network, all of these expertises and investments will enable Plastic Omnium to find additional growth opportunities in meeting the technological challenges of tomorrow's autonomous and clean car.
Brose is the world's fourth-largest family-owned automotive supplier. The company develops and produces mechatronic systems for vehicle doors and seats as well as electric motors, drives and electronics, among others for steering, brakes, transmissions and engine cooling. Approximately 26,000 employees at 62 locations in 23 countries generate turnover of 6.3 billion euros. Worldwide, every second new vehicle is equipped with at least one Brose product.
Financial information Tel.: +33 (0)1 40 87 66 78 Fax: +33 (0)1 40 87 96 62 [email protected]
Plastic Omnium is the world leader in intelligent exterior systems, clean energy systems and automotive modules.
The Group and its joint ventures employ more than 31,000 people in 122 plants, 24 R&D Centers and 26 countries worldwide, supplying 83 carmakers. 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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