Faurecia S.A.

Company Profile

■URL

http://www.faurecia.com

■Address

2 Rue Hennape, 92735 Nanterre Cedex, France

Business Overview

-The Company is a France-based automotive supplier divided into three business groups:

  • Automotive Seating
  • Clean Mobility (as of January 2017, formerly known as Emissions Control Technologies)
  • Interior Systems

-The Company's Automotive Exteriors business group was divested to Plastic Omnium in July 2016.

-PSA Peugeot Citroen is the Company's largest shareholder.

-Compared to the previous year, the Company’s sales to Ford, Renault-Nissan, Daimler and Hyundai-Kia all increased, while sales to Volkswagen, PSA, GM, BMW, FCA and Toyota decreased.

-The Company's Top 5 end customers comprised 71.8% of its sales in 2016, compared to 72.2% in 2015 and 72.1% in 2014. 2016 also represented the first year that the Volkswagen Group did not account for at least 20% of the Company’s sales as an end customer. This indicates that the Company’s products are being used in a larger variety of vehicle models. 

Market share

-Through the fiscal year ended December 31, 2015, the Company had significant global market share in all three of its business groups.

  • The Company’s Automotive Seating business group had a 12% global market share in complete seating systems and a 17% global market share in seating frames and mechanisms.
  • The Clean Mobility business group has a 27% global market share in emission control systems and clean technology solutions.
  • The Interior Systems business group has 14% global market share.

 

Competitors

Division Competitors
Automotive Seating -Adient
-Lear
-Magna
-Toyota Boshoku
Clean Mobility -Benteler
-Boysen
-Donaldson
-Eberspaecher
-Roth
-Tenneco
Interior Systems -Grupo Antolin
-IAC
-Yanfeng

Shareholders

-Listed on Euronext Paris S.A.

-As of December 31, 2016, Peugeot SA, the Company's largest shareholder, held 46.33% of the Company's capital and 62.94% of the voting rights.

Products

Automotive Seating
-Complete seats
-Frames
-Seating mechanisms and mechatronics
-Runners
-Foam padding
-Trim covers
-Seating accessories
-Electronic and pneumatic systems
-On-board seating electronics

Clean Mobility
-Complete exhaust systems
-Manifolds
-Tail pipes
-Catalytic converters
-Urea SCRs
-NOx traps
-Diesel particulate filters
-Exhaust heat recovery systems
-Exhaust heat recovery manifolds
-Ammonia storage and delivery systems
-Mufflers
-Adaptive valves

Interior Systems
-Cockpits
-Instrument panels
-Cross-car beams
-Center consoles
-Decorative trim and components
-Door panels
-Door modules
-Package trays
-Trunk trims
-Acoustic insulation

History

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.

Supplemental Information 1