PARIS/TURIN (Reuters) -Stellantis inaugurated its first hub dedicated to the circular economy in Turin, Italy, on Thursday in order to accelerate its reconditioning and recycling activities, which should represent a turnover of at least two billion euros. euros by 2030.
The general director of the automobile group born from the merger between PSA and FCA, Carlos Tavares, indicated that the turnover target, so far two billion, would be revised upwards in view of the 25% growth. recorded by activity since the beginning of the year.
“Growth is strong,” he said, adding that the potential of circular economy activities should be revised upwards, without further details.
“We are building a profitable business here,” he added.
The new center, located in the Stellantis industrial complex in Mirafiori, will initially host remanufacturing activities for motors, gearboxes and high-voltage electric batteries as well as the reconditioning and dismantling of vehicles, the group said in a statement. a statement.
“The main objectives (…) are to extend the lifespan of vehicles and spare parts. And, when this is no longer possible, the materials which are collected for the remanufacturing activity and resulting from the dismantling of vehicles “out of use will be recycled in order to be reinjected into the production process of new vehicles and spare parts”, he added.
The global automotive industry is seeking more than ever to secure its supplies of raw materials in a context marked by increased geopolitical tensions.
“We are seeking to establish a stable flow of supply of raw materials (…) to avoid the ups and downs of the market. This means less inflation,” continued Carlos Tavares. “Commodity inflation is a problem for the progress of electfification.”
The Turin hub, also designed as an instrument in the fight against global warming – Stellantis wants to become a carbon neutral company in 2038 – has an investment of 40 million euros and must employ 550 people by 2025 .
Three other clusters of the same type should emerge, “very probably” in North America, Latin America and the Africa-Middle East region, said Carlos Tavares.
(Report by Gilles Guillaume, with Giulio Piovaccari in Turin, edited by Blandine Hénault)
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