Grupo Antolin, a supplier of automobile interiors, reached sales of EUR3,750m (US$4,438m) in the first nine months of the year, representing an increase of 1.2% compared to the same period in the previous year. The EBITDA for Grupo Antolin stood at EUR353m in the first nine months of the year.
The company said results were ‘affected by the competitive pressure of customers, the increase in raw materials costs and investments for the launch of new projects with car manufacturers’. Grupo Antolin keeps working on its cost control policy. it said.
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The new plant in Shelby (Michigan, US) will begin production at the beginning of next year. The factory will create 430 jobs after having been awarded with the biggest order in the history of Grupo Antolin: the supply of door panels for nearly 400,000 vehicles per year. The company also builds a new factory in Alabama (US).
In addition to these projects, the company is expanding other factories and plans to open more plants, such as new facilities for instrument panel in China. Grupo Antolin continues with the largest investment plan in its history with EUR900m in three years.
During the nine months of the year, the Business Unit of Overheads reached sales of EUR1,574m, the Business Unit of Doors and Hard Trim reached EUR1,163m and the Business Unit of Cockpits and Consoles, EUR778m. The Business Unit of Lighting reached EUR235m.
At territorial level, Europe reached sales of EUR2,030m. NAFTA region reached EUR1,293m; Asia-Pacific, EUR347m, and Mercosur, EUR60m. The figures doesn’t include the Business Unit of Seats, after being sold on 28 April.
Electronics and Integrated Products Direction
Grupo Antolin have strengthened the Corporate Innovation Direction with the new Electronics and Integrated Products Direction. With this strategic decision, Grupo Antolin continues to respond to the rapid changes in the automotive industry due to new forms of mobility, digitalisation and self-driving cars.
These changes will affect the interior components of the car, which will have more value in the future vehicle and generate business opportunities with the new functionalities associated with these products. This implies strengthening the capabilities in electronics and an integrated development of new solutions. In addition, Grupo Antolin seeks greater excellence in its products and processes in terms of quality, functionality, cost and guaranteeing that the products are delivered on time.
The goal is to give a better service to the car manufacturers. The new Electronics Direction will centralise all the resources worldwide associated with this activity in Grupo Antolin, from the design to the production of solutions. The aim of this department is to strengthen the support to all the Business Units facing the challenge of developing integrated products with a strong electronic content. The Integrated Products Direction will act as a business unit incubator of new products integrating lighting technologies, sensorisation, mechatronics and materials in the components of Grupo Antolin to respond to the changes in the industry.
