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

Italy's GSI Group opening 3 plants in Brazil

August 1, 2014 9:18 am ET

The producer of assembled plastic parts for machinery and vehicle manufacturers invested $15.5 million over the past year in three new production...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Magna expanding interiors site in Slovakia

July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive...    More

Magna hiring at two Michigan locations

July 28, 2014 11:43 am ET

Magna Interior Trim Components is adding a total of 169 jobs to two of its Michigan manufacturing facilities.    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

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

Upcoming Plastics News Events

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

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

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

More Events