Message from the President of the Board
Extract from the 2011 Annual Report
2011 marked a turning point for the MGI COUTIER Group.
For years we sought to achieve external growth that might
actually make sense. The ideal target had to allow us to
grow our customer base, gain a foothold in new geographical
areas and have products to complement our own products.
The AVON AUTOMOTIVE Group met all these criteria
and also provided us with competency in a new line of
business, namely the processing of rubber. Henceforth, the
MGI COUTIER Group, with its new configuration, is ranked
among the world leaders in the field of Fluid Transfer. This
new group’s customers, employees and suppliers were
excited by this deal, just like us. The integration process is
under way. It will take some time, as we have to first of all get
to know AVON AUTOMOTIVE. However, I am very optimistic
that we will be able to take the best of both groups.
Acquiring AVON AUTOMOTIVE should not overshadow
everything else that has been done in preparation for the
future. I will only mention three emblematic events. Firstly,
acquiring the company, Deplanche Fabrication, allowed us to
incorporate a team specialized in the design and manufacture
of plastic injection moulding tools. Through this transaction
we have been able to add new skills to the group which may
help to set us apart from our major competitors. Secondly,
the decision to resume construction of a new industrial site
in Romania will allow us to acquire a production base by
the end of 2012 that is particularly well located in Central
Europe, close to the manufacturing plants of several
customers. Lastly, setting up an operation directly in India
dealing exclusively in motor parts will allow us to benefit from
potential growth in this country in the automotive sector and
to meet the expectations of a number of customers.
The future can never be taken as read, especially in the
automotive sector. However, I have every confidence in the
MGI COUTIER Group’s ability to grasp and make the most
of every opportunity that comes its way.
President of the Board
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