OPmobility explained

OPmobility
Type:Société anonyme
Traded As:
CAC Mid 60 Component
Founder:Pierre Burelle
Location City:Levallois
Location Country:France
Area Served:Worldwide
Key People:Laurent Burelle
(Chairman and CEO)
Industry:Automobile
Revenue: €11.40 billion (2023) [1]
Operating Income: €395 million (2023)
Net Income: €163 million (2023)
Num Employees:31,000
Parent:Burelle

OPmobility is a French automotive supplier.[2] OPmobility operated under the name Plastic Omnium until March 27, 2024.[3]

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.[4] 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.[5] [6] According to their website, Plastic Omnium currently has 131 plants and is present in 26 countries.[7]

Divisions

Plastic Omnium Automobile

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.[8] [2] In 2011, Inergy purchased the Ford Motor Company's fuel tank manufacturer in United States, Visteon, and became its sixth largest world provider.[9] The company has plans to introduce more composite materials to reduce the weight of their pieces and gain market advantage.[10]

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; and road signage solutions, as well as sorted waste services. Plastic Omnium Systemes Urbains[8] [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.[11]

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.[12]

Notes and References

  1. Web site: Strong 2023 performance . 22 February 2024 .
  2. Web site: Profile: Plastic Omnium SA . reuters.com . . 13 August 2012.
  3. Web site: Plastic Omnium is now OPmobility . en . 2024-03-27 . 2024-04-09.
  4. Web site: Burelle S.A. History . Fundinguniverse.com . 13 August 2012.
  5. Web site: Une valeur à la loupe. Plastic Omnium lance une OPA sur Reydel Industries . Raulin, Nathalie . liberation.fr . . 19 July 1995 . fr . Value under the microscope. Plastic Omnium is launching a tender offer for Reydel Industries . 13 August 2012.
  6. Web site: Compétitivité de la plasturgie française dans l'Union européenne . fr . Competitiveness of the French plastics industry in the European Union . 13 August 2012 . Ministerie de l'Economie des Finances et l'Industrie .
  7. Web site: The Plastic Omnium Group: Activities and History . 5 March 2020 . Plastic Omnium .
  8. Web site: Company Description: Plastic Omnium . businessweek.com . . 13 August 2012 . dead . https://web.archive.org/web/20130927104818/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=POM:FP . 27 September 2013 .
  9. Web site: Ford sells fuel tank factory to unit of France's Plastic Omnium . Naughton, Keith . bloomberg.com . . 20 May 2012 . 13 August 2012.
  10. Web site: Plastic Omnium ramps up composites work to strip vehicle weight . Warburton, Simon . Just-auto.com . 9 March 2012 . 13 August 2012.
  11. Web site: Compagnie Plastic Omnium SA Announces Contract for Rio de Janeiro . Stanley, John . reuters.com . Reuters . 16 April 2012 . 13 August 2012.
  12. Web site: Capital Structure . Plastic Omnium . 13 August 2012 . dead . https://web.archive.org/web/20130620023143/http://www.plasticomnium.com/en/managing-our-performance/shareholder-information/the-plastic-omnium-share/shareholder-structure.html . 20 June 2013 .