Turnover: 447 million EUR (2022)

Country: France

  • Armor is a leadingFrench industrial group in the production of inkjet cartridges in Europe
  • Its development strategy is based on co-industrialization, which consists of producing in France and seeking growth outside France and Europe, in order to develop jobs in France.
  • 80% of Armor's sales are generated outside France.
  • Armor has a research and development center in Dormund, Germany, and a European collection center for empty cartridges in the Netherlands.
  • The group is present in 20 countries with its 27 sites.

News

Nantes-based Armor joins Holosolis solar gigafactory 13/11/2023

  • Armor relaunches its solar business
  • Core business: printing consumables
  • The group is involved in the production of organic and flexible photovoltaic films (100 million euros of investment in this diversification)
  • Armor joins a photovoltaic project, the Holosolis solar panel "gigafactory" to be set up in Hambach, Moselle, with an investment of 710 million euros to produce, by 2027, almost 10 million photovoltaic panels, i.e. a capacity of 5 gigawatts per year, the largest in Europe.
  • This would be equivalent to 8% of European imports of photovoltaic modules.
  • this industry is largely dominated by China
  • Armor takes a 20% stake in Holosolis
  • The majority shareholder is EIT InnoEnergy, a public-private investment company, followed by the French group Idec, the French renewable energy producer TSE and the German Heraeus, one of the world's leading producers of silver pastes for solar cell metallization.
  • Armor's expertise in thin-film deposition will contribute to the development of Holosolis' new-generation solar panels.
  • Armor, which has 2,500 employees and sales of 447 million euros in 2022, will continue to produce rolls of photovoltaic film in Nantes. However, the group will no longer be converting them, selling its German entity, which used to carry out this activity, to the Bavarian company Hering.

Armor sets up a battery components plant in Nantes | Battery plant in Nantes 14/09/2023

  • Armor plans to add a plant to its industrial hub at La Chevrolière, near Nantes, dedicated to the production of coated current collectors to improve battery performance.
  • Investment of 35 million euros The target market is high-capacity batteries for electric vehicles, eBus, grid storage and naval applications.
  • Currently, only 5% of batteries manufactured use this technology.
  • Armor Battery Films, which currently has sales of 6 million euros, could increase its sales to 30 or 50 million euros within five to six years.
  • The Armor group's total sales in 2022 were 447 million euros, compared with 403 million in 2021.
  • The group will employ 2,500 people in 2022.

Prints : Armor : A good student of responsible purchasing 08/06/2023

  • Sales of 447 million euros
  • 2.500 employees in some twenty countries
  • EcoVadis rating used to assess a supplier (gold medal obtained in 2020)

Armor still believes in its light, flexible organic sun protection films made in France | Why does Armor still believe in its light, flexible films made in France? 15/12/2022

  • One of the only companies in the world with industrial-scale production lines for organic photovoltaic (OPV) films.
  • Asca, Armor's subsidiary dedicated to OPV solar, whose sales (undisclosed) stagnated between 2021 and 2022, to forecast a tripling of its business in 2023.
  • To multiply its applications, Armor acquired German start-up Opvius in 2019

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