Corporate / 23/05/2017
Faurecia inaugurates new South Korea HQ and technical center
At the inauguration ceremony, Patrick Koller said “Today’s event marks an important milestone in Faurecia’s history in South Korea which began in 2003. It is essential for us to install all of our business Groups and technical competencies in Korea in this state-of–art facility to be close to our customers. Especially, we value very much our relationship with HKMC which we consider as a strategic customer.”
Faurecia invested around 28 million Euros to integrate its three Business Groups (Clean Mobilty, Seating, and Interiors), a testing and prototype center as well as an exhibition center in this 8,075 square meters building.
Mr. Seung-kyu Lee, President of Faurecia Korea added “Since 2003, Faurecia has grown rapidly in Korea. We now have three production facilities as well as this new center and employ almost one thousand people. Through the development of advanced technologies for the Korean market, such as the Exhaust Heat Recovery System recently launched on the Hyundai Ioniq, Faurecia will continue to grow and expects to reach almost half a billion euros of sales in 2020.”
After the dedication ceremony, Faurecia Korea, 15 business partners and Gyeonggi-do Province signed an agreement for an ethically cooperative relationship.
Faurecia Korea produces clean mobility systems, seat frames, seat mechanisms and center consoles for Hyundai-Kia, Renault-Samsung Motor, and GM Korea. The Group employs almost 1 000 employs and has three production sites in Korea in Jangan and Youngcheon. Faurecia Korea sales revenue was 330 million Euros in 2016.
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