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
Companies & Associations

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

Haitian builds system for Renault's new China auto assembly plant

April 24, 2015 11:10 am ET

A late-comer to the world's largest auto market, French carmaker Renault SA is currently building its first factory in China.    More

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Jeco adds Ferry rotational molder to handle increase in business

April 23, 2015 12:27 pm ET

Jeco Plastics Products LLC is ramping up for more work, adding a new Ferry 2600 rotational molder that will provide more capabilities.    More

Image

Engel, VW working on joint research into high volume composites in auto

April 23, 2015 9:40 am ET

Engel, the Austria-based manufacturer of injection molding machines, is building one of its largest machines for a research center looking into...    More

Image

Federal-Mogul building auto wiper blade plant in Romania

April 22, 2015 12:28 pm ET

U.S. car parts maker Federal-Mogul Holdings Corp. has unveiled plans to establish a new production facility in Ploiesti, Romania, reports local news m...    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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 Woodís 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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events