Faurecia to establish two joint ventures in Iran  [ Iran ]

Faurecia announced that it will establish two joint ventures in Iran. The first new company will be called Faurecia Crouse Advanced Exhaust System Co. (FCAES). The 50/50 Faurecia – MAAD joint-venture will develop and produce emissions control systems for the Iranian automotive market. First local production scheduled to start at the end of 2017. Total sales are expected to reach EUR 50 mi...
<Dec 02, 2016>