Group Plastivaloire (“Plastivaloire”) is a French-headquartered stock-listed company that specializes in the manufacturing of plastic injection-molded interior and exterior components for the automotive, electronics and appliances industries. The company has been awarded multiannual contracts to supply components to (mainly) German premium original equipment manufacturers (OEM) and Tier 1 suppliers. To be competitive and supply these clients cost-effectively, the company earmarked the Western- and Southern part of the Czech Republic as the most suitable regions for the investment in a new factory.
Plastivaloire needed to act fast and decide where to locate the new factory in the Czech Republic as the new car models where planned to be marketed in two-year post-date. The company engaged Larive International to provide support with the location assessment and site selection as well as with the implementation process, facilitating the internal decision-making processes and mitigate investment risks.
Larive International’s support included identifying and assessing industrial (greenfield) locations and organizing fact findings missions to the Czech Republic. After selecting Pilsen as the most promising region for localization, Larive International conducted an in-depth labor market study to assess the fierce competition for skilled labor between and on industrial parks, simulate the reaction of established companies to new entrants and analyze the long-term implications.
Based upon the outcomes of assessments, Larive International negotiated the lease for a 9,100 m² built-to-suite facility at Panattoni Park Pilsen West in the Czech Republic. Following, Larive International supported throughout the factory set-up process, including incorporation of the legal entity, negotiations with industrial real-estate developers, recruitment of key management and personnel and the application for state aid. The facility became operational in April 2020.
Thierry Blampain, Group Strategy Director Plastivaloire: “Plastivaloire is operating over 30 sites on four continents. Being connected to major highways and near other automotive suppliers, the Pilsen facility allows us to supply our German customers in the automotive sector efficiently. Thanks to Larive International, we have been able to establish this facility within the set timeframe, while maintaining control of the development process”.
Mathijs van Itterzon, Consultant at Larive International: “Plastivaloire is an innovative and fast-growing company, investing heavily in expanding its manufacturing and R&D capabilities globally. It has been a pleasure working with the Plastivaloire team and contributing to the growth of their industrial footprint in Central Europe”.