Plastics sector is consolidating; IAC, Plastal purchases alter the competitive landscape.(idle air control motor)

Automotive News Europe,  December, 2005  by Wernle, Bradford

• E-mail
• Print
• Link

Byline: Bradford Wernle

Cost pressure from high raw material prices is driving consolidation in Europe's automotive plastics industry.

Automakers are likely to get lower prices as surviving suppliers gain economies of scale.

Two recent deals spurred the pace of consolidation in the sector:

* Plastal Holding agreed to buy Dynamit Nobel Kunststoff in Weissenburg, Germany. The move allows the Kungalv, Sweden, plastic molding company to challenge Peguform as Europe's No. 1 bumper supplier. The merged company also will be a player in automotive interiors, Plastal CEO ...

Read the rest of this article with a Free Trial at HighBeam Research.