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07-03-2008

Solvay/Plastic Omnium: Joint Venture

Inergy Automotive Systems, Paris, France, an equal share joint venture by the French company Plastic Omnium and Solvay SA, has launched operations at its new production unit of Wuhan in the Hubei province of China. The facility has started delivering fuel systems to production plants operated by Nissan and BMW in China. Inergy Automotive Systems is also seeking additional opportunities on the fast growing Chinese automotive market which ranked the third in the world after Japan and the United States in 2007. Chinese production rose 22 % to 8.88 million motor vehicles last year, according to statistics from the China Association of Automobile Manufacturers (CAAM).

Inergy Automotive Systems is supplier of complete plastic fuel systems and fuel storage technologies (for petrol, diesel and biofuels). The company employs a workforce of around 4,600 and has 24 production plants in 18 countries.

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