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Plastic Omnium Hopes to Double Sales in China by 2021
Plastic Omnium SA says it intends to hike China sales of its plastic bumpers and fuel tanks to €1.3 billion ($1.4 billion) in five years from €640 million in 2016.
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Plastic Omnium SA says it intends to hike China sales of its plastic bumpers and fuel tanks to €1.3 billion ($1.4 billion) in five years from €640 million in 2016.
The French company has operated in China since 2007 and currently operates 26 manufacturing sites there. Plastic Omnium claims 22% of the Chinese auto industry’s market for exterior body parts and 9% of the fuel tank sales.
Plastic Omnium predicts those shares will reach 26% and 16%, respectively, by 2021. The company aims to double to 30% the proportion of revenue it earns by supplying domestic-brand carmakers.
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