All Plastics, the French plastics parts supplier, announced plans to invest 2.5 billion euros to upgrade new capacity and develop new technologies over the next four years, including new plants in China and India.
At a Investor's Day press event on December 13, the car supplier said the investment will also be used to optimize industrial facilities through Industry 4.0 and operational excellence, as well as to develop new programs and launch new research projects.
Increased innovation will allow the company to address the upcoming challenges for the automotive industry, including the development of carbon-free technologies, connectivity and autonomous driving.
In the carbon-free automotive segment, All-Plastic targets itself as a storage provider for every energy form and says it is developing specific solutions for plug-in hybrid electric vehicles (PHEVs), turbocharged engines and electric vehicles .
The company is also involved in fuel cell propulsion.
For connected and self-driving cars, the French giant has positioned itself as an interconnect integrator, raising the bar for innovation in integrating complex components such as radars and sensors into exterior components.
The all-plastic says: 'Smart bumpers and smart bumpers will mean greater value-added and embedded intelligence by 2025. These new positions will make all-plastic for long-term profitability and value creation. '
The company has taken a number of steps to achieve these technical capabilities: investing in PO-CellTech, a fuel cell research center in Israel; building Deltatech, a Brussels-based new energy research center; expanding its global exterior with a cost of $ 23.5 million near Lyon, France Accessories and Components R & D Center Sigmatech.
The company will also set up Omegatech, a new test and development center for fuel systems in Wuhan in 2019.
Innovative Investment All Resistant Plastics maintains its position as a leader in exterior parts and components as part of its strategy to drive energy suppliers in the future.
The investment plan also includes four new factories, one in China, one in India and two in the United States, all of which are scheduled to start in 2018. The U.S. factories include a factory in Greer, South Carolina, which is home to industry 4.0 Deployed pilot plant.
In addition, the company plans to open three factories by 2019 in India, Morocco and Slovakia.
Financially, All Resistant Plastics believes that despite the impact of exchange rate fluctuations, its revenue in 2017 will reach 8 billion euros (about 9.4 billion U.S. dollars), up from 6.9 billion U.S. dollars (about 8.1 billion U.S. dollars) last year 16%.
In September 2017, the company announced the sale of its waste management business, Environmental Business Unit, to focus on automotive operations.
The company expects the company's revenue to reach 10 billion euros (about 11.8 billion U.S. dollars) in 2021.
In terms of market growth, All-Plastic stated that its market share of bumpers is expected to increase from 16% in 2017 to 19% in 2021. Its market share of the fuel system will increase from the current 22% to 2021 25%.
In terms of the innovative product portfolio, the company expects its thermoplastic backsplash to increase its market share from 40% in 2017 to 45% in 2021. The company currently holds 17% of SCR (selective catalytic reduction system) Market share, planned to grow to 26% in four years.