Grammer mulls new auto plant in NAFTA region

Charlotte Eyre

Published: January 16, 2013 9:55 pm ET

Related to this story

Topics Automotive, Injection Molding

AMBERG, GERMANY (Jan. 16, 2:25 p.m. ET) — German injection molder Grammer AG plans to increase its presence in the NAFTA automotive market by investing in a new production plant.

The company has not yet decided where the plant will be located as it is “evaluating different options”, spokesman Ralf Hoppe told European Plastics News.

“The plant will either be in the U.S. or Mexico, where we already have two plants,” he said. “We are at the moment looking at different options in terms of the value chain.”

Amberg-based Grammer says its automotive business is strong in the NAFTA region, accounting for 20 percent of total sales, partly because of the popularity of German premium automotive brands such as Audi.

The firm already has a sales office in Michigan, as well as plants in Mexico.

In November Grammer said sales increased by 6 percent from 810 million euros in the first three quarters of 2011 to 859 million euros in the same period of 2012. In the third quarter, group sales rose from 273 million euros in 2011 to 285 million euros in 2012. This was “despite an ongoing cool-down in core markets,” Grammer said.


Comments

Grammer mulls new auto plant in NAFTA region

Charlotte Eyre

Published: January 16, 2013 9:55 pm ET

Post Your Comments


Back to story


More stories

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost...    More

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture facili...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events