Grupo Antolin to invest in Russia

By Eugene Gerden
EUROPEAN PLASTICS NEWS

Published: January 23, 2013 12:25 pm ET
Updated: January 23, 2013 12:27 pm ET

Related to this story

Topics Automotive, Injection Molding, Automotive parts

BURGOS, SPAIN -- Spain's Grupo Antolin, one of Europe's largest producers of plastic auto interior parts, plans to invest 30 million euros ($40 million) to build its second plant in Russia, which is expected to be located in the Tosnensky area of the St. Petersburg region.

The new plant will have an area of 25,000 square meters and is expected to be commissioned in 2015.

The majority of future production of the new plant will be supplied to leading global automakers which operate in the St. Petersburg region. Examples include Toyota, GM and Nissan.

According to Ernesto Antolin Arribas, Grupo Antolin's vice-president, the company has already reached agreements with the automakers.

Grupo Antolin already operates a plant in the St.Peteresburg Utkina zavod industrial zone, which was commissioned in 2011. However, its capacities are not enough to meet the ever growing demand for auto parts in Russia.

The company expects that the new plant will allow it to increase sales in Russia up to 50 million euros ($67 million) by 2016, compared to current 20 million euros ($27 million).


Comments

Grupo Antolin to invest in Russia

By Eugene Gerden
EUROPEAN PLASTICS NEWS

Published: January 23, 2013 12:25 pm ET
Updated: January 23, 2013 12:27 pm ET

Post Your Comments


Back to story


More stories

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Delphi CEO O'Neal stepping down

September 15, 2014 12:05 pm ET

Delphi Automotive plc announced that Rodney O'Neal will retire as CEO and president on March 1, 2015, ending his 43-year career at the global...    More

Image

Faurecia Seating grows in Kentucky

September 12, 2014 12:00 pm ET

Faurecia Seating LLC, a division of French-based Faurecia SA, will build a new manufacturing facility in Simpsonville, Ky.    More

Image

Behr-Hella set to open Bulgarian auto parts plant

September 12, 2014 10:20 am ET

German automotive components manufacturer Behr-Hella Thermocontrol (BHTC) is set to launch a new 22 million euro ($28.4 million) vehicle air...    More

Image

DS Smith adds to footprint with Croatian injection molding acquisition

September 10, 2014 2:05 pm ET

DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

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

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

More Events