Strategy / 27/05/2014
Faurecia celebrates 20 years in China and reinforces its local commitment
Faurecia today announces the celebration of its 20 years of successful operations in China. As the world’s sixth largest automotive equipment supplier, Faurecia has grown and prospered with the Chinese automotive market over the past 20 years. With a strong vision, passion and dedication to perfection, Faurecia has developed into a preferred partner of both international automakers as well as local brands in the Chinese automotive market.
Faurecia entered the Chinese market in 1992, while it started to supply emissions control products in 1994 through its joint-venture plant with Hubei Tongda to Dongfeng Peugeot Citroen Automobile Company, a joint-venture between Dongfeng and PSA Peugeot Citroën. Over the last 20 years, Faurecia’s three other business groups, Automotive Seating, Interior Systems and Automotive Exteriors, subsequently established a solid presence in China. Since then, Faurecia’s business footprint in all six major automotive regions has been constantly growing. To date, Faurecia operates 36 plants, four R&D centers and employs some 10,000 people in China, while its customer portfolio of international customers has become more diversified with the development of business with domestic brands. In July 2013, Faurecia celebrated the inauguration of its new China headquarters and Tech Center, which further demonstrated Faurecia’s ongoing long-term commitment to China.
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