Inergy Automotive Systems manufactures integrated fuel-delivery systems for automotive OEMs. Its fuel systems generally include blow-molded plastic fuel tanks and filler tubes, and incorporate various filtering devices. Inergy makes the Inerfil capless system that allows "touchless" refueling while preventing the gas tank from seeping fuel vapors. Inergy operates 22 facilities in 18 countries. Customers include General Motors, Nissan, Renault, and Peugeot. Europe accounts for about half of the company's sales. In mid-2010 Compagnie Plastic Omnium claimed full ownership of Inergy when it bought the 50% stake owned by Solvay for a reported €270 million ($350 million).
Inergy Automotive Systems' Asian growth strategy includes the company's 2005 purchase of a 55% stake in China's YAPP (Yangzhou Auto Plastic Parts). The company is eyeing further growth to the east, with expansion plans for Turkey. India, Iran, and Russia are also seen as potential growth areas.
Elsewhere, however, the compay's growth has been stunted. High raw material and energy costs have led the company to close down its facilities in Japan and Canada during 2008. The company has already had to close select facilities in France and the UK because of the higher operational costs associated with those nations. Ironically, the higher raw material costs, especially those associated with steel and other metals, could prove beneficial for Inergy which focuses on plastic fuel tanks. The problem for the company is demand for these more emissions-friendly tanks is higher in North America and Europe, but the markets are saturated. Asian markets still rely heavily on metal fuel tanks and slow to make the switch. Steel prices might change, however, and help Inergy grow in the less saturated emerging markets. – less