Cooper Standard France is reinvesting

Affected by the downturn in the French car sector, the French subsidiary of the American Cooper Standard group (Rennes and Vitré, 980 employees, €232.9M turnover in 2014) has put forward a specialisation plan focused on the manufacture of anti-vibration systems (Rennes) and sealing joints (Vitré). The equipment manufacturer is also planning to inject a budget allowance of €12 to 14M for 18,000 m2 of new industrial space, but this goes hand-in-hand with a social and employee transfer plan. The 4-5% recovery in Europe should however limit the number of redundancies. Cooper Standard is also delighted to have the German Mercedes as a new customer. Note that Cooper Standard has inaugurated the first business chair at the Foundation of the University Rennes 1. This five-year partnership will relate to materials (reduced CO2 emissions, hybrid engines, filtration, elastomers and engine temperatures).

www.cooperstandard.com

Source : API Newsletter – 28/09/2015, Journal des Entreprises – 03/11/2015, Ouest-France Entreprises – 15/11/2015
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