OPmobility

{{Short description|French automotive supplier}}

{{Infobox company

| name = OPmobility

| logo =

| logo_size = 150px

| caption =

| type = Société anonyme

| traded_as = {{Euronext|POM|FR0000124570|XPAR}}
CAC Mid 60 Component

| genre =

| fate =

| predecessor =

| successor =

| foundation = {{Start date|1946}}

| founder = Pierre Burelle

| defunct =

| location_city = Levallois

| location_country = France

| locations =

| area_served = Worldwide

| key_people = Laurent Burelle
(Chairman and CEO)

| industry = Automobile

| products =

| services =

| revenue = {{increase}} €11.40 billion (2023) {{cite web |url=https://www.opmobility.com/wp-content/uploads/2024/02/Press_release_FY2023_Results_Plastic_Omnium.pdf |title=Strong 2023 performance |date=22 February 2024 |access-date=}}

| operating_income = {{increase}} €395 million (2023)

| net_income = {{decrease}} €163 million (2023)

| aum =

| assets =

| equity =

| owner =

| num_employees = 31,000

| parent = Burelle

| divisions =

| subsid =

| homepage = {{URL|opmobility.com|opmobility.com}}

| footnotes =

}}

OPmobility is a French automotive supplier.{{cite web |url=https://www.reuters.com/finance/stocks/companyProfile?symbol=PLOF.PA |title=Profile: Plastic Omnium SA |work=reuters.com |publisher=Reuters |access-date=13 August 2012}} OPmobility operated under the name Plastic Omnium until March 27, 2024.{{cite web |url=https://www.opmobility.com/wp-content/uploads/2024/03/opmobility-press-release-20240327-en.pdf |title=Plastic Omnium is now OPmobility |lang=en |date=2024-03-27 |access-date=2024-04-09}}

File:Plastic Omnium.svg

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.{{cite web |url=http://www.fundinguniverse.com/company-histories/burelle-s-a-history/ |title=Burelle S.A. History |publisher=Fundinguniverse.com |access-date=13 August 2012}} 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.{{cite web |url=http://www.liberation.fr/economie/0101149067-une-valeur-a-la-loupe-plastic-omnium-lance-une-opa-sur-reydel-industries |title=Une valeur à la loupe. Plastic Omnium lance une OPA sur Reydel Industries |author=Raulin, Nathalie |work=liberation.fr |publisher=Libération |date=19 July 1995 |language= fr |trans-title=Value under the microscope. Plastic Omnium is launching a tender offer for Reydel Industries |access-date=13 August 2012}}{{cite web |url=http://www.industrie.gouv.fr/biblioth/docu/dossiers/sect/pdf/plasturgie.pdf |title=Compétitivité de la plasturgie française dans l'Union européenne |language= fr |trans-title=Competitiveness of the French plastics industry in the European Union |access-date=13 August 2012 |publisher=Ministerie de l'Economie des Finances et l'Industrie }} According to their website, Plastic Omnium currently has 131 plants and is present in 26 countries.{{cite web |url=https://www.plasticomnium.com/fr/le-groupe-plastic-omnium.html |title=The Plastic Omnium Group: Activities and History |access-date=5 March 2020 |publisher=Plastic Omnium }}

Divisions

=Plastic Omnium Automobile=

File:Peugeot, Paris Motor Show 2018, Paris (1Y7A1723).jpg 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.{{cite web |url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=POM:FP |title=Company Description: Plastic Omnium |work=businessweek.com |publisher=BusinessWeek |access-date=13 August 2012 |url-status=dead |archive-url=https://web.archive.org/web/20130927104818/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=POM:FP |archive-date=27 September 2013 }} In 2011, Inergy purchased the Ford Motor Company's fuel tank manufacturer in United States, Visteon, and became its sixth largest world provider.{{cite web |url=https://www.bloomberg.com/news/2011-05-18/ford-sells-fuel-tank-factory-to-unit-of-france-s-plastic-omnium.html |author=Naughton, Keith |title=Ford sells fuel tank factory to unit of France's Plastic Omnium |work=bloomberg.com |publisher=Bloomberg |date=20 May 2012 |access-date=13 August 2012}} The company has plans to introduce more composite materials to reduce the weight of their pieces and gain market advantage.{{cite web |url=http://www.just-auto.com/news/plastic-omnium-ramps-up-composites-work-to-strip-vehicle-weight_id121090.aspx |author=Warburton, Simon |title=Plastic Omnium ramps up composites work to strip vehicle weight |publisher=Just-auto.com |date=9 March 2012 |access-date=13 August 2012}}

=Plastic Omnium Environment (now called Sulo) =

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 inline|date=October 2019}}; and road signage solutions{{buzzword inline|date=October 2019}}, as well as sorted waste services. Plastic Omnium Systemes Urbains 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.{{cite web |url=https://www.reuters.com/finance/stocks/PLOF.PA/key-developments/article/2520652 |author=Stanley, John |title=Compagnie Plastic Omnium SA Announces Contract for Rio de Janeiro |work=reuters.com |publisher=Reuters |date=16 April 2012 |access-date=13 August 2012}} The entity was sold to investors in 2018 and is now called {{ill|Sulo (company)|lt=Sulo|de|Sulo}}.

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.{{cite web |url=http://www.plasticomnium.com/en/managing-our-performance/shareholder-information/the-plastic-omnium-share/shareholder-structure.html |title=Capital Structure |publisher=Plastic Omnium |access-date=13 August 2012 |url-status=dead |archive-url=https://web.archive.org/web/20130620023143/http://www.plasticomnium.com/en/managing-our-performance/shareholder-information/the-plastic-omnium-share/shareholder-structure.html |archive-date=20 June 2013 }}

References