-The Company is a French automotive supplier divided into three business groups:
- Interior Systems
- Clean Mobility
-The Company's Automotive Exteriors business group was divested to Plastic Omnium in July 2016.
-PSA Peugeot Citroen is the Company's largest shareholder.
-The Company’s Top 5 end customers comprised 67.8% of its net sales in the fiscal year ended December 31, 2018, compared to 70.0% in 2017 and 71.8% in 2016. The Company’s continuing trend in recent years of decreased percentage of sales from its largest customers highlights the Company’s growing diversification of its customer base.
Acquisition of Clarion
-On October 2018, the Company announced that it had reached an agreement with Clarion and Hitachi to acquire 100% of the shares of Clarion. The tender offer was launched on January 2019, with the transaction expected to close in March 2019.
-Based on sales from 2017, the Company as among the leading suppliers in several automotive systems as follows:
- The Company is the world’s number one supplier of seat frames and mechanisms, with a 17% global market share.
- The Company is the global market leader in clean mobility solutions, with a 27% market share.
- The Company ranks 2nd globally in interiors, with a 14% global market share.
- The Company ranks 3rd globally in complete seats, with a 12% global market share.
|Interior Systems||-Grupo Antolin
-The Company is listed on Euronext Paris S.A.
-As of December 31, 2018, Peugeot S.A. held 46.34% of the Company’s capital stock and 63.11% of the Company’s voting rights.
-Seating mechanisms and mechatronics
-Electronic and pneumatic systems
-On-board seating electronics
-Seat-integrated physiological sensors
-Advanced Versatile Structure seat with integrated safety features including airbags and seatbelts
-Complete exhaust systems
-Diesel particulate filters
-Exhaust heat recovery systems
-Exhaust heat recovery manifolds
-Ammonia storage and delivery systems
-Battery top covers
-Full battery housing solutions
-ASDS de-NOx systems
-Low-pressure exhaust gas recirculation systems for gasoline system
-Compact exhaust heat recovery systems
-Electrically heated catalysts
-Decorative trim and components
-Smart Control Unit HMI systems
-Voice control systems
-Morphing Instrument Panel which shifts based on vehicle driving mode
-Cockpit Intelligence Platform
|Dec. 1997||Ecia, a 68% subsidiary of PSA Peugeot Citroen established in 1929, acquired Bertrand Faure, the largest European seat manufacturer established in 1914.|
|Jun. 1999||The merger of Ecia and Bertrand Faure was approved at the Extraordinary General Meetings of shareholders of both companies. Renamed as Faurecia.|
|Oct. 2000||Acquired Sommer Allibert. The deal was financed by the PSA Peugeot Citroen Group, which increased its shareholding in the Company to 71.5%.|
|2007||Purchased certain assets of Cadence Innovation in France for EUR 0.4 million.
Acquired a 50% interest in Romania-based Euro Auto-Plastic Systems srl in the Vehicle Interiors business for EUR 9.4 million.
Acquired the 50% interest held by the Duroplast Group in Faurecia Duroplast Mexico for EUR 18.3 million, raising its stake in the company to 100%.
Set up three new companies in China in 2007 - Faurecia (Shanghai) Automotive Systems Co. Ltd., Faurecia Wuhan Automotive Seating Co. Ltd. and Faurecia Qingdao Exhaust Systems Co. Ltd.
Set up one new company in South Korea, Faurecia Trim Korea Ltd.
|2008||Established Faurecia Equipements Automobiles Maroc, in Kenitra, Morocco.
Established Faurecia (Wuhu) Exhaust Systems in China
Established Faurecia Exhaust System Rayong in Thailand
|May 2009||Opened the Global Seat Mechanisms Center in Caligny, France.|
|2010||Acquired EMCON Technologies LLC, a leading exhaust system supplier in Troy, MI, U.S.A.|
|2012||Acquired Plastal France (Plastal S.A.S.), the automotive business of Sora Composites, and Saline, currently operated by Ford Motor Company's Automotive Components Holdings, LLC (ACH).|
|Jul. 2016||The Company divested its Automotive Exteriors business (bumpers and front-end modules) to Plastic Omnium.|
|Feb. 2017||Invested in TactoTek, a Finnish startup which provides injection molded structural electronic solutions.|
|May 2017||Invested in STELIA Aerospace Composites to design, industrialize and commercialize high-pressure hydrogen tanks made from carbon fiber for fuel cell vehicles.|
|Nov. 2017||Finalized acquisition of a majority stake in Jiangxi Coagent Electronics, which will develop in-vehicle infotainment solutions.|
|Dec. 2017||Invested in Alsentis, a company specializing in capacitive sensor technology and HMI development.|
|Oct. 2018||Completed acquisition of 100% of Parrot Automotive, changing the name of the entity to Parrot Faurecia Automotive.|
|Oct. 2018||Finalized plans to acquired Clarion Co., Ltd. The transaction is expected to close in March 2019.|
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
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>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss