Novares

Novares has acquired Miniature Precision Components (MPC), an injection molding, extrusion and blow molding company focusing on technical parts for the auto industry. The acquisition expands Novares' reach in North America.

Novares Group has acquired the remaining 30% stake in its Wuhan, China joint venture from partner Yazhong, gaining 100% ownership. The company also relocated its Wuhan production plant to a new modern site in the SGM suppliers park.

Novares Venture Capital Fund completed the acquisition of a 20% equity stake in APAG Holding through a new share issue. The transaction closed on 26 October 2018.

Novares opened a 3,000 m² extension to its factory in Zrenjanin, Serbia, increasing total plant area by a third, including a clean room with capacity of 1 million parts per year. The €5.25 million project added five injection presses and two production lines for engine components.

Novares opened its first North African production plant in Kenitra, Morocco, producing plastic components for automotive customers. The 10,700 m² facility employs 70 people, with plans to reach 225 by 2020.

Novares Venture Capital acquired a 20% stake in APAG Holding AG to develop integrated lighting and mechatronics devices for automotive applications.

French automotive components group Novares is expanding its factory in the Zrenjanin Free Zone, Serbia, with a EUR 6 million investment. It will build a new 3,200-square-metre production facility and invest in equipment, creating 25 initial jobs with a target of 280 workers by 2020.

Novares Group has acquired a minority stake in FlexEnable Ltd, a world leader in Organic Thin Film Transistor (OTFT) plastic electronics. The investment is the first step in a partnership to develop flexible electronic displays and sensors for automotive applications.

Novares opened its third production plant in Chihuahua, Mexico, on February 27, 2018, with a $15.6 million investment, 276 employees, and 25 Engel injection molding machines, to serve Ford and BMW.

Novares has opened its first Romanian plant near Pitesti, producing automotive components using plastic injection techniques. The plant initially has 40 staff, planned to rise to 80 by year-end and eventually 130, and will produce air filters and roof rails for Dacia.

Mecaplast-Key Plastics group, an automotive plastic solutions provider, rebranded as Novares on September 19, 2017, following a merger with Key Plastics in December 2016 and a change in ownership.