BMW, Audi, Peugeot, Renault, Mercedes, Porsche, Toyota and Hyundai, among others, are part of the customer base of Groupe Plastivaloire.
“We are one of the leading European manufacturers of interior and exterior equipment for automotive vehicles,” points out President Patrick Findeling. “However, we have expanded our business into other industries, for instance, the aviation and consumer electronics industries, as well. We work with a broad variety of injection moulding and finishing technologies, offering additional benefits to our clients from various industries worldwide.”
Groupe Plastivaloire was founded by Charles Findeling in 1963 as a small plastic injection moulding facility in Langeais. In the course of the years, the French firm has developed into a leading global player through organic growth and acquisitions.
“One of our most important milestones has been the acquisition of the Bourbon Group in 2011,” says Mr. Findeling, who joined the family business in 1971. “The company was an equally important player in the production of plastic parts for the automotive industry, giving us the possibility to double our revenues in 2012 from 200 to 400 million EUR.”
Another important development in Groupe Plastivaloire’s history was the takeover of the German specialist in plastics technology, Karl Hess GmbH & Co. KG.
“This acquisition opened a lot of doors for us, for instance, to the German automotive industry,” states Mr. Findeling, who has also been Chairman of the Board since 1985. “The German market still offers a lot of potential for us, and we want to win new customers with our sophisticated products.”
Groupe Plastivaloire manufactures plastic parts for different industries according to the specific requirements of the customers. For the OEMs and tier 1 suppliers in the automotive industry, the firm produces decoration elements such as components for dashboards, doors and gear sticks as well as parts for front-end modules, seats, lighting and cockpits.
For more than 30 years, the company has also been active in other industrial application areas such as consumer electronics, cosmetics, household appliances and the aviation industry.
One of the most important success factors of the company is the state-of- the-art machinery. “We have more than 500 machines at our disposal, of which most are less than five years old,” stresses Mr. Findeling. “We mostly work with the leading suppliers Engels and Demag to guarantee the high quality of our products.”
Groupe Plastivaloire not only offers plastic injection moulding, but also the finishing of parts and uses different decoration technologies, for instance, chrome plating. To fulfill the increasing demands of the market, the company works on the development of its solutions in its innovation department.
Weight reduction, high-gloss finishing, metal finishing, functional materials and 3D decors are among the topics in the area of research and development.
The company, of which 40% is listed on the French stock exchange, has become a leading producer of injection moulded plastic parts and realized a turnover of 420 million EUR in 2014.
“We plan to reach the 500 million EUR mark in 2017,” says the President about the strategy of his company. “We plan to tap into new markets and increase our export share of 50%.”
In the last years, Groupe Plastivaloire has followed its customers into new markets worldwide, establishing new subsidiaries and production facilities to be close to clients. Today, the group has a total of 22 subsidiaries worldwide, employing more than 4,500 people. In the future, the signs point towards growth in the future.
“We see a lot of potential in Asia, North and Central America,” illustrates Mr. Findeling. “In addition, the French and the German markets still offer possibilities for further growth. We have sophisticated products, state-of-the-art technologies and a lot of experience to convince customers to work with us.”