A GLOBAL PLAYER IN THE AUTOMOTIVE INDUSTRY
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. A leader in its four areas of business, the Group is backed by a R&D and production network with sites in 34 countries. It is the preferred partner of the world's largest automakers, which value its operational excellence and technological expertise.
Faurecia was formed in 1997 following a merger between Bertrand Faure—a specialist in spring-based seat cushions for the automotive industry—and ECIA—a Peugeot subsidiary and manufacturer of seats, front ends and vehicle interiors with a reputation as one of Europe’s leading names in exhaust systems.
With 32,000 employees and sales of nearly €4 billion in 1998, the Faurecia Group quickly established itself at the forefront of automotive seat manufacturing in Europe. It went on to gain a solid foothold in the market for exhaust systems in the United States by acquiring US company AP Automotive Systems.
In 2000, it acquired Sommer Allibert, a company created in the 1980s through a merger between Alfred Sommer (vehicle floor coverings) and Allibert (molded plastic parts).
With 320 sites including 30 R&D centers in 34 countries around the world, Faurecia is now a global leader in its four areas of business: automotive seating, interior systems, automotive exteriors and emissions control technologies. Faurecia is the world’s number one supplier of seat frames and mechanisms, emissions control technologies and vehicle interiors. The Group is also the world’s third-largest supplier of complete seat systems and is Europe’s leading name in automotive exteriors.
Faurecia has strengthened its position in each of these areas through a series of acquisitions. In 2010, it became world leader in emissions control technologies by acquiring exhaust specialist Emcon Technologies. In Europe, it expanded its range of automotive exterior and bodywork solutions by absorbing Plastal’s business interests in Spain and Germany in 2010, followed by the company’s operations in France in 2012.
The same year, in the United States, it acquired the Ford plant in Saline, Michigan, bolstering the position of Faurecia Interior Systems as market leader in North America and making Ford the Group’s number two customer.
Active international expansion
Asia is now a priority region for Faurecia. The Group has been operating in China for over 15 years, where it helps leading international customers to expand in a market that offers huge potential. Faurecia has also begun forging strategic alliances with Chinese automakers such as Geely (which now owns Volvo), the Xuyang Group and, more recently, Chang’An.
Faurecia opened 3 new plants in 2013. It now draws on a network of 36 production sites in the country and is set to maintain its growth. The Group also has state-of-the-art TechCenters in Minbei and Shanghai, home to its full range of R&D expertise, covering everything from initial CAD to prototype testing.
In South Korea, Faurecia’s growth is buoyed by close relations with Korean automaker Hyundai-Kia. The Group already has three Emissions Control Technologies sites in the country.
In Thailand, Faurecia Emissions Control Technologies is already well established and the Group continues to grow, as reflected by the recent introduction of Faurecia Interior Systems.
In India, Faurecia continues to expand its industrial base for three Business Groups: Emissions Control Technologies, Interior Systems and Automotive Seating. This campaign is now backed by the Pune TechCenter, which provides the full range of R&D expertise needed to develop local and international programs.
Faurecia’s rapid expansion continues apace in North America. As of late 2012, the Group had opened 15 new sites in the United States, Mexico and Canada in scarcely two years, nearly doubling its workforce in the region.
Faurecia’s four Business Groups are all present in South America, where it has built an enormous production plant, a cutting-edge R&D center and headquarters for its Emissions Control Technologies Business Group in Limeira, Brazil. Faurecia has also begun Automotive Exteriors production at two new sites in Brazil and Argentina.
Expertise in state-of-the-art technology
Faurecia is a pioneer in automotive technology and has bolstered the ability of each of its Business Groups to meet specific needs through the acquisition of specialist companies that have brought significant added value, such as Hoerbiger (pneumatic and seat-comfort solutions) and Angell-Demmell (metal automotive interior trim) in 2010. The following year, the Group acquired a stake in Amminex (nitrogen oxide treatment). In 2012, it acquired Sora Composites, a company specializing in high-tech composite materials, expanding Faurecia’s expertise to include one of the most promising weight reduction technologies in the automotive industry.
The Faurecia Group is now recognized as a pioneer in technological innovations able to reduce the weight of vehicles, offer customized comfort and style solutions, and mitigate any impact on the environment. At the same time, Faurecia is developing new manufacturing processes that are set to revolutionize its production methods.