Spain's Antolin launches Russian JV plant

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 8, 2014 9:04 am ET
Updated: May 8, 2014 9:07 am ET

Related to this story

Topics Automotive, Thermoforming, Europe

Spanish car parts specialist Grupo Antolin has launched a new joint venture interior components plant in Nizhny Novgorod, Russia with Russian company Avtotechnika. 

The new 10,000-square-meter facility, which began manufacturing early this year, will produce chiefly car headliner and window regulator components for a number of clients including Volkswagen, Ford, Renault, GAZ, Skoda and General Motors, the Burgos-based group announced.  

Antolin formally joined forces with Avtotechnika of Nizhny Novgorod, taking a 75 percent stake in the Russian partnership Antolin Avtotechnika Nizhny Novgorod in November last year.  The Spanish group already operates an interior part plant in St Petersburg, Russia. 

The new partnership has invested around 6.15 million euros ($8.5 million) in the new manufacturing project in the west Russian industrial center.  

The new operation, which uses thermoforming and polyurethane forming technologies, is set to raise its workforce to 145 by next year, said the Spanish car lighting, door, seating and overhead systems group. Currently, employees work a three shift day over five days a week.

Avtotechnika, which began to supply the automotive sector in 2000, started life producing sound insulation components adding nonwoven needled fleece parts and PU foams. 

Late last year, Grupo Antolin announced that its founding family had once more acquired 100 percent control of the group. In December 2013, the Antolin family acquired the remaining 22.8 percent stake in the company from several Spanish savings banks. They had held this share since 2004.

In 2013, the group recorded an annual sales of 2.13 billion euros ($2.9 billion) reporting an operating profit up by 17.5 percent. It has continued to expand globally and now has more than 120 plants and just-in-time centers in 25 countries.


Comments

Spain's Antolin launches Russian JV plant

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 8, 2014 9:04 am ET
Updated: May 8, 2014 9:07 am ET

Post Your Comments


Back to story


More stories

Image

Born to be plastic — a DIY Harley-Davidson

February 27, 2015 11:12 am ET

Owning a real Harley-Davidson was not enough for bike nut Peter Manning; he wanted a model of his favorite motorcycle too.    More

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

UK composites firm taking a global approach

February 26, 2015 11:46 am ET

MCL Group Industries Ltd., the Staffordshire, England-based composites manufacturer, has announced plans to export worldwide for the first time.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

Michigan thermoformer moving into larger location

February 25, 2015 4:04 pm ET

Thermoformer Display Pack Inc. has purchased a large manufacturing building in Cedar Springs, Mich.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 billion 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

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events