Boryszew eyes move into North American market

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: February 3, 2014 10:14 am ET
Updated: February 3, 2014 10:15 am ET

Related to this story

Topics Mexico, Automotive

European automotive parts supplier Boryszew SA has revealed it is seriously considering setting up a production plant in Mexico which would assist its entry into the U.S. market.

Any resulting project by the Polish group is most likely to see capacity added by its hoses and hose assemblies subsidiary Maflow, which already operates an offshoot in Brazil. It also has plants in China, India, Poland, France, Spain and Italy.

The group also expects to double sales at its plant in China over the next three years as a result of growing orders.

"We see substantial potential for development in China, also in cooperation with new clients. We are considering entering China with our plastic products," Paweł Surówka, Boryszew director responsible for automotive business development told the Polish news agency PAP recently.

Meanwhile, the Sochaczew-based Boryszew said its automotive division has built up an order book of 2 billion euros worth of component business, of which 1.5 billion euros represents new contracts covering the next three years.

Boryszew expects new orders to grow this year and into 2015 at both Maflow and its plastic car parts producer Boryszew Automotive Plastics (BAP). Both comprise businesses acquired by the group from bankruptcy since 2010 and have been restructured, so it has taken time to attract new, higher margin orders, according to Surówka.

Any project in Mexico will result from Boryszew's need to meet growing demand in North America.

"We are seriously mulling an investment in Mexico, as we are receiving inquiries about it from clients. That market in itself is interesting, and moreover, our presence there may become a foothold for expansion on the American market," explained the Boryszew director.

Despite a slowdown in Russian car sales, Boryszew is still building market share through its newly launched plastics parts plant in Dzerzhinsk. Its Russian presence is attractive to customers, said Surówka, which is proven not only by new orders from Volkswagen but also from other clients including Daimler. As a result, Mitsubishi also expressed interest in doing business with Boryszew, he added.

The group believes it could triple its Russian capacity and is preparing to expand the plant within a year and a half, said Surówka.


Comments

Boryszew eyes move into North American market

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: February 3, 2014 10:14 am ET
Updated: February 3, 2014 10:15 am ET

Post Your Comments


Back to story


More stories

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Huntingdon Fiberglass launching second line

April 16, 2014 2:18 pm ET

Huntingdon Fiberglass Products LLC is getting set to start up a second production line later this year and hire 15-20 new employees as it sees demand ...    More

Export sales for PVC expected to grow, PET struggles with oversupply

April 15, 2014 2:46 pm ET

PVC is looking up, PET is looking for answers. That's a brief summary of global market conditions described by analysts Henry Warren and Chase...    More

Mexico reports rising auto production

April 14, 2014 1:18 pm ET

MEXICO CITY — Mexico’s automotive industry assembled an unprecedented 774,731 light vehicles in the first quarter, 6.5 percent up on the...    More

Image

Lanxess launches new compounding plant in Brazil aimed at auto market

April 11, 2014 12:32 pm ET

Lanxess AG has officially opened its auto-oriented thermoplastics compounding plant in Porto Feliz, Brazil.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events