Mecaplast Group

Mecaplast Group
Limited Monégasque Company
Industry Automotive
Founder Charles Manni
Headquarters 4, avenue Prince-Albert-II, Monaco
Key people
 Thierry Manni
Products Integrated automotive systems and components
Revenue Increase €661 M (2013)
Total equity Manni Family, FMEA
Number of employees
 6000 in 2013
Subsidiaries Mecaplast France, Mecaplast Diffusion, Mecaplast Corporation, Amkey, Mecaconsult
Website www.mecaplast.com

Mecaplast Group is an international automotive supplier and a major contributor to the Monegasque economy. Founded in 1955 by Charles Manni,[1] it specializes in the design and manufacture of parts and complete systems for the vehicle body (interior and exterior) and engine. Mecaplast Group employs a total of 6000 employees located in 16 countries and contributes to a revenue of €661 million (2013). With 350 of its employees based in Monaco, it is the fifth largest employer and the largest industrial company in the micro-state.[2] Thierry Manni is the chairman of the board[3] and the chief executive officer is Pierre Boulet.

History

Mecaplast was founded in 1955 by Charles Manni, (d. 2012). It started off with five people working in an apartment and a cellar located on Chemin des Œillets in Monaco. At the age of 29, Manni developed the first plastic part: a chemical capacitor cap for a company called Micro.

In 1964, Mecaplast made its entry into the automotive industry after having been selected to manufacture the plastic fan for the Peugeot 204. The company grew further and in 1969, it created a methods service and a tooling workshop. In 1975, it developed a company specialized in specific assembly machines. It was during this period that the Monegasque headquarters relocated to its current offices in the heart of the industrial district of Fontvieille in "Zone F" and to the production factory in the building called “Flots Bleus.” In 1985, Mecaplast created its first site outside of Monaco in Valréas, France.

From 2007, the entire automotive industry was affected by a crisis, including operations at Mecaplast.[4] The group was obliged to reduce its workforce and close or sell some production sites.

In August 2009, Mecaplast was nominated as a strategic supplier for PSA and Renault, and as a result, the Group benefitted from the Modernization Fund for Automobile Equipment Suppliers (FMEA)[5] which increased the company’s capital by €55 million/33% stake. The Chennai[6] plant in India[7] was opened on the 3rd of June, 2010.

Furthermore, the Group opened a third manufacturing site in Yantai, China and another in Zrenjanin, Serbia. The Zrenjanin[8] site was officially opened on the 3rd of April 2012. Those in attendance included Boris Tadic (President of Serbia), Thierry Manni (Chairman of the Board), Nebojša Ćirić (Former Minister of Economy and Regional Development), Mileta Mihailov (Mayor of Zrenjanin), José Badia(Minister of Foreign Affairs in Monaco) and François-Xavier Deniau (Ambassador of France in Serbia). Early 2013, Mecaplast opened a Customer Service Center in Munich, Germany and a new one in Ingolstadt(Germany)in 2014.

Organization

In 2014, Mecaplast Group had a presence in 16 countries and had 26 production sites, 16 customer service centers and 6 technical centers and 3 skills centers specialized in car body and engine parts.[9]

Production sites

Europe

Asia

Americas

Skills Centers

Technical Centers

Activity

The company produces plastic parts. They can be classified into two groups:

Clients

MECAPLAST collaborates with major automobile manufacturers, which include:

Key figures

Revenue in M€/Workforce[11]

Revenue/Worforce Comparison
YearRevenue/Workforce
1995 175/1175
1998 223/2100
2000 286/2800
2002 580/5500
2005 820/7800
2007 759/6200
2009 570/5800
2010 643/5500
2011 692/5500
2012 662/5600
2013 661/6000

Revenue by product line

Main competitors

References

  1. ↑ Article in the New Trader
  2. ↑ Fifth largest employer in Monaco
  3. ↑ Group Executive Profile on Bloombergbusinessweek
  4. ↑ Redundancies at Mecaplast
  5. ↑ Article on FMEA Investment by Charlotte Eyre from European Plastic News
  6. ↑ Mecaplast sets up new facility in Chennai
  7. ↑ European leader in Automobile Equip starts manufacturing at Mahindra World City
  8. ↑ France's Mecaplast starts construction of Plant in Zrenjanin on the 26th of September 2011
  9. ↑ Corporate Profile for 2013
  10. ↑ Article from Paxtonequity
  11. ↑ Website:Key figures
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