FRANCE: Birth of a World Leader in Fuel Systems
Following the approval by the European Commission, Compagnie PLASTIC OMNIUM and SOLVAY S.A. have just received the approval from the United States Federal Trade Commission to create a joint 50/50 owned company in the automotive fuel systems sector. The company, to be named INERGY AUTOMOTIVE SYSTEMS, will launch operations in September 2000. It will reach sales of EUR 1 billion in 2001 and employ 3,300 associates.
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