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Compagnie Plastic Omnium SE — M&A Activity 2012
Nov 23, 2012
1603_iss_2012-11-23_febf3ab6-0a58-41f5-ad33-d29d7dcde457.pdf
M&A Activity
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Levallois, France – 23 November 2012
Plastic Omnium to adjust its automotive production base in Germany
The decline in the European automobile market and the carmakers industrial strategies have led to persistent excess production capacity in Western Europe.
Given this environment, Plastic Omnium has launched a restructuring project of its automotive business in Germany.
The Company announced today its intention of discontinuing the production of bumpers at its Eisenach-Thuringia plant in Germany, which currently has circa 200 employees. Local management has started consultations with employee representatives. The measure does not affect the plant's fuel tank/fuel system operations.
Plastic Omnium will maintain a strong presence in Germany with nine production facilities and four development centers employing a total of 1,400 people.
Investor Relations: Tel.: +33 (0)1 40 87 64 49 Fax: +33 (0)1 40 87 96 62 [email protected]
Plastic Omnium is the world leader in automotive components and body modules, automotive fuel tanks and systems, and waste container solutions for local communities and companies. The Company employs around 21,000 people and operates 107 plants and 14 R&D centers in 29 countries around the world. Plastic Omnium is listed on the NYSE Euronext Paris stock exchange is eligible for the Deferred Settlement Service (SRD) and is included in the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570).