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Compagnie Plastic Omnium : Plastic Omnium adapts its industrial base in Belgium

   Compagnie Plastic Omnium : Plastic Omnium adapts its industrial base in
                                   Belgium

Plastic Omnium today announced plans to close its bumper manufacturing plant
in Herentals, Belgium in summer 2013.

Production volumes at the plant, which currently employs 123 people, have
dropped by more than half since 2007, due to declining car sales in Europe and
the closing of production capacity in Belgium by carmakers.

The fuel tank manufacturing unit on the same site will not be affected by the
plans.

Employee representatives will be consulted about the project and its social
implications, as required by Belgian law.

Plastic Omnium adapts its industrial base in Belgium

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Source: Compagnie Plastic Omnium via Thomson Reuters ONE
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