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

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Detroit Manufacturing Systems to hire 200 for F-150 production

October 29, 2014 10:40 am ET

Interior trim supplier Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January to support production growth of Ford Motor Co....    More

Image

Cosmetic packaging maker expands in China

October 28, 2014 3:32 pm ET

A $180 million expansion project by the Derjin Group of Taiwan has broken ground in China's Jiangsu province.    More

Image

Facing labor shortage, one processor starts its own bus service

October 27, 2014 2:08 pm ET

Like much of the manufacturing industry, Primera Plastics Inc. in Zeeland, Mich., has had trouble finding qualified workers to fill gaps in its staff....    More

Image

Milacron features multi-brand integration

October 27, 2014 1:36 pm ET

Fakuma 2014 gave Milacron LLC an ideal opportunity to show how its ever-growing portfolio of brands are working together in the injection molding sect...    More

Market Reports

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 million dollar 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

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

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