Inergy Automotive Systems Business Report FY ended Dec. 2014

Business Overview

-Sales for the fiscal year ended Dec. 31, 2014 was EUR 2,100 million.

-In 2014, the Company delivered approximately 18 million fuel systems.

New Factories

-Operation plans for major new factories are as follows;

-In China, two new plants became operational in 2014: the Shenyang and Ningbo facilities for fuel systems. These plants will be expanded in 2015-2016.

-The Company has begun work on the construction of a new plant in the U.S. The new plant is intended for the production of fuel systems in Fairfax (Kansas), near its customer General Motors. The new plant will be commissioned in the second half of 2015. (From a press release on May 22, 2014)

-In Russia, construction of the Saint Petersburg plant continued. It will become operational during the first half of 2015, with the aim of providing fuel systems to Nissan, Ford and Toyota. It will increase the number of industrial sites in Russia to three. Russia is currently benefiting from the strong substitution of metal fuel tanks by plastic fuel tanks (66% of Russian fuel tanks were made of plastic in 2014, with this percentage set to increase to 77% in 2018).


-Supply agreements for major new products

New products Start of delivery OEM/Model
Twin sheet blow molded (TSBM) tanks mid-2015 Shanghai GM
2017 Volvo-Geely hybrid vehicle

R&D Structure

-The Company has 11 R&D centers and 5 engineering offices in the main regions of the world.
Locations of R&D: Belgium, France, China, Korea and Japan.

-The Company opened a new international research and development center, α-Alphatech, on September 1, 2014. The center required total investment of EUR 65 million and employs 450 people.

Product Development

-The Company has stepped up the development of systems that control and reduce emissions of hydrocarbons, NOx, and CO2, with its SCR-DINOx and TSBM solutions.

New Factories

-Operation plans for major new factories are as follows;

Location Start of production Products Customers
China, Chongqing mid-2016 Fuel systems Beijing Hyundai (BHMC)
U.S., Kansas, Fairfax late 2015 Fuel systems GM
Russia, St-Petersburg early 2015 Fuel systems Nissan, Ford, Toyota