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Project details

German plastics precision parts maker with China operations seeking partnerships

Project region Germany
Industry Automotive
Total value of the target N/A
Expected target net rate of return after deducting all taxes and fees N/A
Validity period of pending order 365

CONTACT ADVISOR

Simon Laube
Assistant Manager, International Business Advisory
Project description

The target manufactures and sells plastic precision parts for the automotive, medical, communication and industrial sectors worldwide.
The target was established in 1864, and is mainly engaged in plastic products. Its business scope includes the development, production and sales of key parts and electronic control systems of automobile engines and transmissions, and enjoys a world leading position in molding, injection molding and whole machine assembly. There is a production base in Taicang, China.
Its broad product portfolio covers products ranging from plastic and metal systems, footware, medical to auxiliary systems for automatic driving. At present, the main customers are automotive suppliers, accounting for about 80% of the operating revenue. The target reached a strategic partnership agreement with Adidas in 2019
In FY 2018, the target's 3453 employees successfully generated operating revenue of about 430 million euros (about 17% annual growth rate)

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