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. It went on to gain a solid foothold in the market for exhaust systems in the United States by acquiring U.S. 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 330 sites including 30 R&D centers in 34 countries around the world (in 2015), Faurecia is : 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 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.
The same year, it acquired the Ford plant in Saline, Michigan, bolstering the position of Faurecia Interior Systems as a market leader in North America and making Ford the Group’s number two customer.
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
The market is booming, and the Group is able to draw on “100% Faurecia” of R&D resources. All business groups are expanding their manufacturing and R&D facilities in China, which is now the world’s largest automotive market, and are rolling out targeted strategies in South Korea, Japan, Thailand and India.
Eighty percent of Faurecia’s sales in Asia are made in China, where the Group works in step with international automakers including Audi, Volkswagen, Ford and PSA Peugeot-Citroën while forging ties with local manufacturers. Faurecia already has nearly 600 engineers in China and locally sources all of the skills needed to roll out its R&D operations in the country. Shanghai has become the main hub of this strategy and home to two TechCenters equipped with state-of-the-art resources: one dedicated to Emissions Control Technologies; and one assisting the other three business groups.