Our company is the biggest player in the global market for laminated glass for cars (own estimate for the 2016 financial year*).
In the next few years, global car production is expected to increase by around 2% per year to 105 million by 2021 (compared with 94 million in 2016). Furthermore, the demand for laminated-glass film is expected to grow even faster than the increase in the number of cars manufactured, as the application of the film will be extended to include side windows and sunroofs.
This investment will also equip the company to manufacture film for another growing market: windscreens suitable for head-up displays (HUDs). These displays incorporate technology that projects information, such as car speed, onto a transparent surface, such as a windscreen.
The total cost of this capacity expansion will be around 155 million euros. Expansion work in Roermond and Geleen is planned to start in the second half of the 2019 financial year and the first half of the 2020 financial year respectively.
The expansion is also expected to create dozens of jobs.
* The Japanese financial year runs from April to March