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 three areas of business, the Group is backed by a R&D and production network with sites in 35 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 300 sites including 30 R&D centers in 35 countries around the world, Faurecia is now a global leader in its three areas of business: automotive seating, interior systems 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.
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.
N.B.: The Group sold most of its Automotive Exteriors business to Plastic Omnium in July 2016 to focus on its three other areas of business. Faurecia will continue to invest in new technologies that strengthen its capabilities in innovation.
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 44 production sites & 4 R&D centers 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 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.
Expertise in state-of-the-art technology
Seeking to meet the specific needs of its activities, Faurecia regularly makes targeted acquisitions of specialist companies that contribute significant added value. In 2010, it took over Hoerbiger (pneumatic and seat-comfort solutions) and Angell-Demmell (metal automotive interior trim).
In 2011, the Group acquired a stake in the Danish start-up Amminex and now owns 91.5%. Amminex's innovative ammonia storage and delivery system (ASDS™) has proven its efficiency, almost completely eliminating nitrogen oxide (NOx) pollutants from diesel engines. In 2012, the Group took over Sora Composites, specialized in high-tech composite materials. This move will add a valuable technology to Faurecia's pool of expertise as it sets out to meet rising demand for lighter vehicles. Finally, in 2017, the Group acquired a stake in Parrot Automotive, which develops connectivity solutions and infotainment for the automobile. This strategic partnership will give Faurecia a unique opportunity to accelerate development of its product offer for the Cockpit of the Future.