Plastic Omnium’s independence provides it with agility and freedom of action. Thanks to proactive approach to management, the Company can freely make the choices needed to achieve its strategic objectives. In difficult periods, its capacity for anticipation enables effective solutions to be deployed in record time.
Thanks to a massive cost-reduction plan launched in March 2008, Plastic Omnium was able to generate a profit throughout 2009 and significantly pay down debt, despite the collapse in automobile markets. The €100 million in savings generated, the September 2010 acquisition of Inergy Automotive Systems and the ongoing strategy of financing growth through funds from operations have enabled the Company to acquire new scope and brightened its growth prospects.
Financial results
