Plastic Omnium Invests €20 Million in the Expansion of Its Global Research and Development Center in Lyon
November 28 2017 - 12:00PM
Business Wire
Regulatory News:
Plastic Omnium (Paris:POM) is taking action on multiple
fronts to position itself on the vehicle of the future for the long
term. lt is now launching an ambitious program to expand and
digitize ∑-Sigmatech, its global R&D center for exterior
components and modules located in the Lyon region. It will be
investing €20 million to equip ∑-Sigmatech with new mechatronics,
virtual reality and robotized tool resources. The investments will
also serve to promote teamwork and exchanges between employees, who
will increase in number from 550 today to 700 in the future.
Following completion of the work in 2020, the Group will
have reached another technology milestone in its contribution to
the automotive revolution currently underway.
The global ∑-Sigmatech R&D center for external body parts
and modules opened in 2003 in Sainte-Julie (Ain). In addition to
design offices, the 16,000 m2 site includes a pilot factory where
all of the new parts developed for automakers are tested before
going into production. ∑-Sigmatech has 550 engineers and
technicians representing 11 different nationalities. These
employees work closely with the additional 10 automotive
development centers for automotive exterior parts which are located
within close proximity of our customer decision-making centers.
The first part of the expansion project will consist in adding
nearly 4,000 m2 to the existing 8 000 m2 in the
industrial park. The project will equip the site with new
capabilities for mechatronics, ADAS tests, virtual reality and
collaborative robot resources to increase the company's ability to
respond to the new challenges of connected, autonomous and cleaner
vehicles.
Additional office space will be built and dedicated to
collaborative work and the current service area will be modernized.
Lastly, a "life center" building will be added, which will include
reception, restaurant and meeting areas as well as sports
facilities.
The total area of the site will increase to 23,000 m2 and
8,000 m2 of office space will be updated for a total
investment of €20 million. The site will be enriched with new
skills by increasing the workforce to 700 people. Recruiting will
begin with 120 new positions, of which 30 will be added
immediately.
The major expansion and digitization program for the working
site will run from early 2018 through mid-2020.
The investment is part of the Group's strategy to build its
innovation capacity by expanding its fields of expertise and
increasing R&D excellence. It follows on recent announcements
about the construction of Δ-Deltatech, a new innovation and
advanced research center in Brussels dedicated to new energy
sources, an investment in Ξ PO-CellTech in the fuel cell industry,
and an investment in a capital risk fund specialized in energy
transition and the mobility of the future.
Plastic Omnium is the world leader in automotive exterior
components and modules, automotive fuel systems, and waste
container solutions for local authorities and companies. The Group
and its joint ventures have 33,000 employees across 124 plants, 23
R&D centers and 31 countries worldwide, serving 74 automotive
brands. Plastic Omnium is listed on Euronext Paris, compartment A.
It is eligible for the Deferred Settlement Service (SRD) and is
part of the SBF 120 and CAC Mid 60 indices (ISIN code:
FR0000124570).
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Plastic OmniumFinancial informationTel. : +33 (0)1 40 87 66
78Fax : +33 (0)1 40 87 96
62investor.relations@plasticomnium.com
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