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[November 19th, 2003]
New Faurecia plant in China
Faurecia, a world-leading automotive supplier, has stepped up its presence in China by signing an agreement with the Wuxi New District authorities for the construction of a new plant in the city of Wuxi (Jiangsu province, 150km from Shanghai).
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[October 8th, 2003]
Faurecia posts stable third-quarter sales in declining market
Third-quarter sales fell 3.7% compared to the same period in 2002, to €2,228.9 million. The decline can primarily be attributed to the following factors: while the group posted organic growth of 1.5% in a European automobile market that constricted by an estimated 5% during the same period, its performance was offset by a 1.8% decrease in revenues from catalytic converters, the deconsolidation of the cockpit business in Ghent, Belgium (-1.7%) and a negative foreign currency effect (-1.7%).
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[September 19th, 2003]
Faurecia opens a new Research & Development Center in Germany
Faurecia, the European number two in automotive
equipment, is opening a new Research & Development Center in Germany,
devoted to the design and development of instrument panels and cockpits..
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[September 9th, 2003]
Faurecia launches a new diesel particulate filter technology
Faurecia, leader in pollution-control systems,
is launching a new Diesel Particulate Filter (DPF) system based on a washcoated
principle. Daimler Chrysler has chosen Faurecia to fit the diesel four-cylinder
Mercedes C Class and E Class, as of end 2003. |
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[July 23th, 2003]
Increased sales and improvement of operating margin
First half 2003:
• Continued internal growth: + 5.7 % compared
with 2002, at 5,242 million euros
(+ 8.3 % excluding sales of catalytic converters and + 12 %
at a constant
exchange rate).
(2,6% of sales against 2,3% for the same period in 2001)
• Improvement of operating margin: 3.1 % compared with 2.6 % in 2002.
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[July 8th, 2003]
Faurecia to supply the Chrysler Group in North America
Faurecia is pleased to announce that it has been
contracted by the Chrysler Group of DaimlerChrysler AG to supply complete
seats, standard seat frames, instrument panels, center consoles, door panels,
and exhaust systems for various upcoming models. |
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[June 17th, 2003]
Faurecia builds up its position on the South Korean exhaust system market
Faurecia has just acquired the exhaust system businesses of Chang Heung Precision Co, Ltd of South Korea.
Since 1998, Chang Heung has been producing exhaust
mufflers under license from Faurecia; last year, it posted sales of 45 billion
won (34 million euros) for this sector. The firm employs 140 people at two
facilities, one in Shiheung City, near Seoul, and the second in Ulsan, in
the southern part of the country. |
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[May 27th, 2003]
Minutes of the Annual General Meeting
The annual general meeting of Faurecia shareholders took place on 27 May
2003. It was chaired by Pierre Lévi, the Group's Chairman and Chief Executive.
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[May 20th, 2003]
Faurecia and Siemens VDO Automotive strengthen their joint venture in the cockpit sector
Faurecia S.A. and Siemens VDO Automotive AG, agreed
to expand their joint venture, SAS Autosystemtechnik Verwaltungs-GmbH, and
to specialize it in just-in-time assembly of cockpit modules. |
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[April 9th, 2003]
2003 First-Quarter Sales: Steady internal growth of 8.0% (+10.7% excluding sales of catalytic converters)
Faurecia consolidated sales for the first quarter of 2003 amounted to 2,582.5
million euros, up 8%. |
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[February 7th, 2003]
Second Half and Year 2002 Results: Improvement of operating margin and continuation of restructuring
Second half of 2002:
• Improvement of operating income
(2.6% of sales against 2.3% for the same period in 2001)
• Constant internal growth of +7.8%
(+12.5% excluding sales of catalytic converters)
• Control of net debt at December 31 (-54.2 M euros)
• Continuation of restructuring
(123.2 M euros including an impact of 69.9 M euros on the statement
of earnings) |
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[January 13th, 2003]
Fourth Quarter Sales 2002
Faurecia recorded another increase in business
in the fourth quarter of 2002. Sales reached 2,592.5 million euros, up 9.2%
compared to 2001, including a negative exchange rate impact of 2.6% and
a negative impact of 4.0% resulting from the decrease in the price of precious
metals used in exhaust systems catalytic converters. The quarter was marked
by the continuation of a very strong growth in the Automotive seating business,
which recorded an increase in sales of 25.1%.
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