Burgos, Spain -- Car parts specialist Grupo Antolin and Russian acoustic insulation experts Avtotechnika opened a €6.15m car interior component plant in west Russia earlier this year.
The Nizhny Novgorod-based facility uses thermoforming and polyurethane technology to manufacture products including headliners for clients including Volkswagen, Ford, Renault, GAZ, Skoda and General Motors.
Grup Antolin said the venture will create 145 new jobs by next year. The company, which already operates an interior part plant in St Petersburg, formally joined Avtotechnika in November last year, taking a 75% stake in the partnership.
Avtotechnika, which began to supply the automotive sector in 2000, started life producing sound insulation components before adding polyurethane foams to its range.
Late last year, Grupo Antolin announced that its founding family had once more acquired 100% control of the group. In December 2013, the Antolin family acquired the remaining 22.8% stake in the company from several Spanish savings banks. They had held this share since 2004.
In 2013, the group recorded an annual turnover of €2.13bn, reporting an operating profit up by 17.5%. It has continued to expand globally and now has more than 120 plants and just-in-time centres in 25 countries.
A version of this article appeared in UTECH-polyurethane.com's sister publication European Plastics News on 8 May 2014, by Richard Higgs