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27th February 2017, Badinières

Porcher plans €50 million expansion

Porcher Industries, the manufacturer of technical textiles and thermoplastic composites headquartered in Badinières, France, has announced a multi-million Euro growth and restructuring programme.

The company, founded over 100 years ago and recently acquired by Warwick Capital, has appointed André Genton as chairman of the executive management board to provide the expertise for this new phase in Porcher’s history. 

Porcher Industries and Airbus Helicopters will showcase the world’s first composite rotor hub made for the new H160 helicopter at JEC World 2017. © Airbus Helicopters - Porcher Industries

Genton joined Porcher Industries in 2016, bringing more than 20 years’ experience in the composites and polymer industries TO the Porcher Group.  He has held senior positions with Ciba-Geigy, Vantico and Huntsman, as President of Huntsman Advanced Materials, overseeing a $1.5 billion global business operating in many of the same markets supplied by Porcher.  He has already been instrumental in accelerating the pace of Porcher’s development and is committed to increasing the group turnover from approximately €300 million to €500 million within the next five years by improving quality, driving innovation and adding capacity and resources. 

As a technical textile specialist, Porcher’s understanding of fibre and yarn surface treatments, 2D and 3D weaving, cabling and the nonwoven scrim and impregnation processes is backed up by a strong technology development team. 

The recent integration of Cordtech International into the group illustrates Porcher Industries’ commitment to development in existing market sectors, strengthening both the R&D expertise and the automotive product range.  While the company is also planning further acquisitions in the near future, significant investments in existing operations are key to much of the forecast growth.

Over €50 million of new investments, beginning in 2017, will be used to add new weaving capacity and develop quality control technology at sites in the US, Europe and China, significantly increasing output in Porcher’s key automotive airbag and aerospace interiors markets. Thermoplastic prepreg solutions, such as the pioneering Spheriflex CFRP rotor hub developed with Airbus Helicopters for the H160 – which will be on display on the Porcher stand at JEC World – are also targets for growth in the automotive sector.     

With more than 2,000 employees and 14 manufacturing sites on four continents, Porcher Industries has the tools to supply customers globally, with the restructuring focus being to optimize efficiency and improve resources throughout the group.  Five business units – Aerospace & Defense, Automotive, Building, Industrial and Sport & Leisure – will be unified across a single business ERP system and targeted recruitment is underway for management, operational and technology roles identified as critical to successful sustainable growth.

“With fibres and chemistry you can create magic,” said Genton. “That is exactly what Porcher Industries will do as we expand our unique chemistry and technology capability to consistently offer our customers better solutions.”

www.porcher-ind.com

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