Faurecia (China) Holding Co., Ltd. Business Report FY ended Dec. 2018
-In 2018, Faurecia Group had sales of EUR 17.525 billion, up 3.3% y/y.
-Faurecia Group obtained purchase new orders of EUR 63 billion from 2016 to 2018, an increase of EUR 1 billion compared to the period from 2015 to 2017.
-In 2018, the Company's value-added sales totaled about EUR 2.5 billion (EUR 2.251 billion for 2017). Sales contributed by automotive seating and Chinese OEMs reached EUR 716 million, accounting for 29% of total sales (EUR 355 million and 16% for 2017). Sales in China accounted for 77% of sales in Asia, and 14% of total sales worldwide.
-The Company announced a new 50:50 joint venture named Faurecia (Liuzhou) Emissions Control Technologies Co., Ltd. with Liuzhou Wuling Automotive Industry Co., Ltd., China. It targets annual sales of RMB 600 million in 2023. The JV will cover all emissions control systems business of Wuling Industry, integrating four plants located in Liuzhou Liudong, Liuzhou Hexi, Chongqing and Qingdao. Through this joint venture, Faurecia and Wuling Industry embark on a comprehensive strategic cooperation in the area of automotive emissions control systems, leveraging resources from both sides to develop innovative clean mobility solutions starting from SAIC GM Wuling Automobile Co., Ltd. (the “SGMW”) and manufacturers which are subsidiaries controlled by SGMW in China. (From a press release on October 25, 2018)
-In June 2018, the Company signed a strategic cooperation framework agreement with FAW. The partners will collaborate in future cockpit solutions. They will develop seats that are connected, multi-functional, and with function of prediction. They will bring environmental solutions for passenger vehicles and commercial vehicles by using battery packs, fuel cells, and light weight composite materials.
-Wuhan Faurecia Tongda Exhaust System Co., Ltd. said that it received a special contribution award from Dongfeng-Peugeot-Citroen Automobile Co., Ltd. The most prestigious award given by the automaker was presented to other suppliers as well, including Dongfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. and Shanghai GKN Drive Line Sale Company Co., Ltd. Wuhan Faurecia Tongda is a joint venture established by Faurecia S.A. and Wanxiang Tongda Co., Ltd. on an equal basis. (From a press release on January 29, 2018)
|Location||Year established||Name||Business scope|
|Shanghai||2005||Faurecia R&D center||Headquarter & Tech Center|
|2012||Changchun Faurecia Xuyang Automotive Components Technology R&D Center||Design and development of automotive seats and interior products|
|2004||Faurecia (Wuxi) Seating Components Co.Ltd.||Develop and produce seats|
|Shanghai||2011||Faurecia Emission Control Technology R&D center||Development of passenger cars, commercial vehicles emission control system|