Revenues have surged to £330m at a manufacturer of plastic components for automotive clients such as Jaguar Land Rover (JLR) although complications associated with opening a major new plant in Warrington impacted profits.
Plastic Omnium Automotive Ltd, which is owned by French group Plastic Omnium, posted pre-tax profits of £3.7m for the year to 31 December 2016 compared with £7.7m the year before. However, revenue increased from £252m in 2015 to £330.1m in 2016.
The company, whose clients include JLR, agreed to move to Omega South in Warrington in early 2015 after taking a 240,000 sq ft facility. The base also includes 20,000 sq ft of offices on a 20-acre site.
Plastic Omnium Automotive’s annual report said that 60 per cent of the increase in turnover was because of the new Warrington plant.