STELLANTIS

Carmaker offers buyouts for thousands of US workers / Cuts hit around the globe

FAURECIA

Creation of new Sustainable Materials division / Investment in hydrogen tanks / Jean-Paul Michel appointed head of Interiors division

AUTOMOTIVE INDUSTRY

Electromobility promises suppliers more added value / A material shift when the engine compartment cools? / Battery shortage could be test for Europe / McKinsey report: Automotive software market to grow by 250% by 2030

PLASTICS PROCESSING GERMANY

GKV reports declines in polymer volumes and turnover / Profound change in raw material supply imminent / Roth: “Recyclate quotas cannot be enforced as in a planned economy”

CHINA

Country's economic recovery from coronavirus epidemic not expected until mid-year / Automotive industry projects significant slump / European machinery companies are contemplating a two-year cycle for "Chinaplas"

NOVARES

Expansion of injection moulding plant in Portugal complete

RÖCHLING

Automotive division opens plant in Slovakia / Production for own group network

NOVARES

OEM supplier inaugurates second production hall in Czech Republic

AUTOMOTIVE INDUSTRY

Fiat Chrysler's plan to merge with Renault Nissan on the table

AUTOMOTIVE INDUSTRY

Sales slump puts sector under pressure in Germany and Europe / Weakness especially apparent with SCR tanks for diesel vehicles / Situation could mean a breather for plastics processors / Brexit and e-car issues

NOVARES

Expansion in Serbia / New automotive supply plant in Morocco

MGI COUTIER

Car components supplier now called Akwel / Targeted turnover of EUR 1.2 bn

NOVARES

Painting line at French facility opens / Supply for major automotive customers

POLYURETHANE MARKET

Threatening situation / Insufficient MDI delivery volumes / Processors switching off production lines / Customers reacting angrily and helplessly to asked prices / “Isocyanate producers no longer acting with common decency”

MECAPLAST

Automotive supplier acquires injection moulding plant in Portugal / Utility vehicle business sold to mutares

MECAPLAST

Acquisition of Romanian injection moulder Diaplast / Plant expansion / Future plans focus on northern Portugal

LEONI

Electrical systems supplier acquires Chinese competitor Wuhan Hengtong / Fraud results in profit warning

PLASTIC OMNIUM

European Commission gives conditional approval for purchase of Faurecia's Exterior Systems unit / Deal contingent on divestiture of seven European plants

EMS-GRIVORY

Highly thermally-stable "Grillon" PA for automotive applications

PLASTIC OMNIUM

MoU to acquire Faurecia's Automotive Exteriors business / EUR 665m deal would propel company to top 25 ranking of global OEM providers

MAGNETI MARELLI

Automotive lighting joint venture with China South Industries / Changan is major customer

AUTOMOTIVE SUPPLY FRANCE

German premium brands give boost to suppliers amid slump / Poor domestic demand compensated by healthy international business

FRANCE

Plastics Processing: 2012 volume drops to 4.5m t / Further declines expected in 2013 / Heavy losses in the automotive sector / Insolvency filings on the rise / Market expected to rebound in 2014

HANWHA

Two-phased expansion at Czech supplier plant / GMT and EPP sheets

POLYMER PRICES

Composites/GRP October 2011: Downward trend in resins prices continues / Signs of slightly softening demand / Buyers of resins and glass fibre will be looking for additional rebates in November