These two new sites will increase the group's market share in North America and will boost revenue in the region, which amounted to 1.4 billion euro in 2013, 27% of the consolidated total, according to information from Plastic Omnium, headquartered in Levallois Cedex, France.
These two plants require a total investment of US$70 million. They will be commissioned in the second half of 2015 and eventually generate revenue of US$140 million.
Chattanooga and Fairfax will strengthen Plastic Ominum's industrial facilities in North America, which currently comprise 15 plants (five in the U.S., nine in Mexico and one in Canada).
The construction of these two production units form part of the 1.2 billion euro investment program announced by Plastic Omnium for the 2013-2016 period, aimed at consolidating the world leader position of its two automotive divisions, external equipment (10% of global market share) and fuel systems (22% of global market share).