France-based Porcher Industries has announced a 50 million euro ($53 million) growth and restructuring plan. The company will add weaving capacity and quality control technology at plants in the United States, Europe and China to support its automotive airbag and aerospace interiors businesses. The restructuring initiative will focus on streamlining efficiency and improving resources for the company, which has more than 2,000 employees and 14 manufacturing sites on four continents. Its five business units — Aerospace & Defense, Automotive, Building, Industrial, and Sport & Leisure — will be unified using a single enterprise resource planning solution. The company also will recruit specific management, operational and technology personnel identified as being crucial to successful growth.
Porcher was recently acquired by Warwick Capital, and André Genton was named chairman of the Executive Management Board. Genton is committed to increasing turnover for the group from approximately 300 million euros to 500 million euros within the next five years.