Plastic Omnium

Last updated
Compagnie Plastic Omnium SA
Type Société anonyme
Euronext:  POM
CAC Mid 60 Component
Industry Automobile
Founded1946 (1946)
FounderPierre Burelle
Headquarters,
Area served
Worldwide
Key people
Laurent Burelle
(Chairman and CEO)
RevenueDecrease2.svg €7.073 billion (2020)
Decrease2.svg €-244 million (2020)
Increase2.svg €-253 million (2020)
Number of employees
31,000
Parent Burelle
Website PlasticOmnium.com

Plastic Omnium is a French automotive supplier specialised in the manufacturing and commercialisation of plastics. [1] [2]

Contents

History

Plastic Omnium was founded by Pierre Burelle in 1946. It began making plastic steering columns for Renault, but soon extended its supply contracts to other carmakers in France and abroad. [3] In 1995, it made a tender offer for its most important rival in the French industry, Reydel, and then acquired it from its major stakeholder Compagnie Financière de Turenne. [4] [5] According to their website, Plastic Omnium currently has 131 plants and is present in 26 countries. [6]

Divisions

Plastic Omnium Automobile

Front module for a Peugeot 3008 made by Plastic Omnium Peugeot, Paris Motor Show 2018, Paris (1Y7A1723).jpg
Front module for a Peugeot 3008 made by Plastic Omnium

Two automotive divisions, Auto Exterior Division and Auto Inergy Division (previously: Inergy Automotive Systems). The first provides external plastic elements (thermoplastic and composite) for cars, like bumpers and energy absorption systems, fender and front-end modules. The second provides plastic fuel tank systems and SCR tank systems. [1] [2] In 2011, Inergy purchased the Ford Motor Company's fuel tank manufacturer in United States, Visteon, and became its sixth largest world provider. [7] The company has plans to introduce more composite materials to reduce the weight of their pieces and gain market advantage. [8]

Plastic Omnium Environment

This centers on waste containerization, urban and road signage and urban planning. Its products include wheeled bins; underground, semi-underground, and aboveground containers; voluntary waste drop-off receptacles and data management systems; equipment for community-use area; urban signage solutions[ buzzword ]; and road signage solutions[ buzzword ], as well as sorted waste services. Plastic Omnium Systemes Urbains [1] [2] in 2012 won its first major contract for its line of sustainable products, when Rio de Janeiro requested the provision of wheeled rubbish bins made with plant-based polyethylene derived from sugar cane. [9]

Company's share structure

According to Plastic Omnium, at the end of 2011 55.1 percent of it was owned by the parent company, Burelle, 1.6 by the employees, 8.7 was Treasury stock and a 34.6 was for public trade. [10]

Related Research Articles

Fiberglass, or fibreglass is a common type of fiber-reinforced plastic using glass fiber. The fibers may be randomly arranged, flattened into a sheet, or woven into a fabric. The plastic matrix may be a thermoset polymer matrix—most often based on thermosetting polymers such as epoxy, polyester resin, or vinylester—or a thermoplastic.

Fibre-reinforced plastic (FRP) is a composite material made of a polymer matrix reinforced with fibres. The fibres are usually glass, carbon, aramid, or basalt. Rarely, other fibres such as paper, wood, or asbestos have been used. The polymer is usually an epoxy, vinyl ester, or polyester thermosetting plastic, though phenol formaldehyde resins are still in use.

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Wood-plastic composite

Wood-plastic composites (WPCs) are composite materials made of wood fiber/wood flour and thermoplastic(s) such as PE, PP, PVC, or PLA.

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High-density polyethylene Class of polyethylenes

High-density polyethylene (HDPE) or polyethylene high-density (PEHD) is a thermoplastic polymer produced from the monomer ethylene. It is sometimes called "alkathene" or "polythene" when used for HDPE pipes. With a high strength-to-density ratio, HDPE is used in the production of plastic bottles, corrosion-resistant piping, geomembranes and plastic lumber. HDPE is commonly recycled, and has the number "2" as its resin identification code.

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Biodegradable plastic Plastics that can be decomposed by the action of living organisms

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Plastic Material of a wide range of synthetic or semi-synthetic organic solids

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Merrick Machine Company

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Tricel

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Burelle is a French holding company headquartered in Paris. Its most important subsidiary is Plastic Omnium.

GGB (company)

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UBQ Materials

UBQ Materials is a cleantech company that converts household and municipal waste into bio-based thermoplastic composite for reuse in the manufacturing of substitute plastics and durable products. The company is an Israeli start-up founded by Rabbi Yehuda Pearl, who also founded hummus brand Sabra and Jack (Tato) Bigio, CEO of UBQ Materials Israel. It is a Certified B Corporation. In March 2020, the company named Mike Thaman, former chairman and chief executive officer of Owens Corning, as its chief executive officer.

Yellow sack

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References

  1. 1 2 3 4 "Company Description: Plastic Omnium". businessweek.com. BusinessWeek. Archived from the original on 27 September 2013. Retrieved 13 August 2012.
  2. 1 2 3 "Profile: Plastic Omnium SA". reuters.com. Reuters . Retrieved 13 August 2012.
  3. "Burelle S.A. History". Fundinguniverse.com. Retrieved 13 August 2012.
  4. Raulin, Nathalie (19 July 1995). "Une valeur à la loupe. Plastic Omnium lance une OPA sur Reydel Industries" [Value under the microscope. Plastic Omnium is launching a tender offer for Reydel Industries]. liberation.fr (in French). Libération . Retrieved 13 August 2012.
  5. "Compétitivité de la plasturgie française dans l'Union européenne" [Competitiveness of the French plastics industry in the European Union](PDF) (in French). Ministerie de l'Economie des Finances et l'Industrie. Retrieved 13 August 2012.
  6. "The Plastic Omnium Group: Activities and History". Plastic Omnium. Retrieved 5 March 2020.
  7. Naughton, Keith (20 May 2012). "Ford sells fuel tank factory to unit of France's Plastic Omnium". bloomberg.com. Bloomberg . Retrieved 13 August 2012.
  8. Warburton, Simon (9 March 2012). "Plastic Omnium ramps up composites work to strip vehicle weight". Just-auto.com. Retrieved 13 August 2012.
  9. Stanley, John (16 April 2012). "Compagnie Plastic Omnium SA Announces Contract for Rio de Janeiro". reuters.com. Reuters. Retrieved 13 August 2012.
  10. "Capital Structure". Plastic Omnium. Archived from the original on 20 June 2013. Retrieved 13 August 2012.