SOLVAY
Acquisition of Helphos GmbH from DLW / German Automobile Technology Centre
The chemical concern Solvay SA (HQ: Rue du Prince Albert 33, B-1050 Brussels) is strategically extending its business area of plastics technology for automotive supplies. The Solvay group acquired Helphos GmbH (PO Box 1253, D-38654 Bad Harzburg) a subsidiary of DLW AG (PO Box 1235, D-74302 Bietigheim-Bissingen), effective January 1, 1996. Helphos employs 314 persons and in 1995 had a turnover of DM 80m. The company is a specialised manufacturer of technical blow moulded parts. According to Solvay: "Helphos GmbH is Solvay's second automotive supplier in Germany after Alkor GmbH Kunststoffe (PO Box 710109, D-81451 Munich), a specialist film manufacturer, and its purchase will significantly strengthen this sector."

The Helphos acquisition represents a further step in concentration on Solvay's core business. A German technical centre will be set up, extending and strengthening Solvay's position as a systems manufacturer to the international automobile industry. Solvay is intending to make "substantial investments", also at Helphos "in the area of the fuel feed and suction system based on molten core and injection moulding technologies".

The Solvay Group has more than 20 plants for plastic automobile parts worldwide, and is represented in all countries with major automobile manufacturers (Europe, USA, Asia). Recently Solvay commissioned a fourth plant in the USA to manufacture fuel tanks and suction pipe, acquired the Italian automotive fuel tank manufacturer Safiplast and founded a joint venture in Changzhou (China) as a supplier for the local automotive industry.

Concerning the Solvay deal, DLW's opinion was that its business strategy made it difficult to integrate Helphos's products into the DLW-automotive product range. DLW will now concentrate its automotive supply activities around Georg Näher GmbH (D-71706 Markgröningen) and the Spanish subsidiary Emfisent Automotive SA.
31.03.1996 Plasteurope.com [20175]
Published on 31.03.1996

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 24.10.2024 09:21:27   (Ref: 223439064)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp