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Armor invests €35 million in renewable energy

November 23, 2015

armorhptonerThe remanufacturer is investing €11 million ($11.6 million) into production tooling and €24 million ($25.4 million) into R & D in its new Sustainable Energies (ASE) division.

The Pays de La Loire region is providing €5.5 million ($5.8 million) to support Armor’s industrial sustainable energies perojects at Chevrolière near Nantes in France, paying for technologies linked to “encapsulating films, sealing and manufacturing inks and enduction coated layers”.

The aftermarket company will have invested €200 million ($212.9 million) at La Chevrolière between 2004 and 2018, where 450 of the Group’s staff are employed, 20 of them in the ASE division. The division will grow to 100 by 2022, with 30 new people expected to join the next three years.

Armor is also working on its Beautiful Light project, developing films and photovoltaic solutions that can transform any surface exposed to any kind of light into a power source, with the first sales of photovoltaic films planned from 2016.

The business also launched the En’ SafeTM last March, a collector film for batteries that meet “a growing need for energy autonomy by users in an ever more mobile world”. Armor expects to exceed €1 million ($1.06 million) in sales this year.

Categories : Around the Industry

Tags : ARMOR Business Remanufacturing

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