Grupo Antolin will open two new production centres in North America in the coming months with the aim of further strengthening its industrial presence and responding appropriately to the needs of its customers. The two new centres will be located in Tlaxcala (Mexico) and Louisville (US). The first of these factories will be engaged in the production of plastic parts and headliners, while the second will be responsible for manufacturing overhead systems.
These openings will consolidate the company’s presence in the world’s second largest automotive market (after China), where Grupo Antolin has already been operating for over 20 years and has 26 factories and more than 7,200 employees. It is noteworthy that this region now contributes 34% of total sales.
Third quarter results
In the period between 1 July and 30 September of 2015, the company reported sales of EUR818.5 (US$875.76), representing an increase of 56.5%. These figures include the revenues generated by the new instrument panels business unit during the month of September, the result of the integration of the interiors division of Magna. Excluding these figures, the growth would have been 19.8% to EUR626.8m.
The increase in sales was due to the success of the products of the company in Nafta and Europe, the euro’s depreciation against the dollar and other currencies and the contribution of the new factories. Noteworthy here are the new centres in Valencia, in Spain, and Missouri, in the US, which have contributed over EUR25m in revenue over this quarter.