-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 fiscal year ended December 31, 2016, the Company’s sales to Ford, Volkswagen, PSA Peugeot Citroen, FCA, Cummins and Hyundai-Kia increased, while sales to Renault-Nissan, Daimler, GM and BMW decreased.
-The Company’s Top 5 end customers comprised 70.0% of its sales in the fiscal year ended December 31, 2017, compared to 71.8% in 2016 and 72.2% in 2015. 2017 also represents the first time in recent history which Volkswagen was not the Company’s largest end customer. These figures highlight the Company’s efforts in diversifying its customer range.
-The Company is the world’s number one supplier of seat frames and mechanisms, emissions control technologies and vehicle interiors. The Company is also the third largest supplier of complete seat systems in the world.
|Interior Systems||-Grupo Antolin
-The Company is listed on Euronext Paris S.A.
-As of December 31, 2017, Peugeot S.A., the Company's largest shareholder, held 46.34% of the Company's capital and 63.09% of the voting rights.
-Seating mechanisms and mechatronics
-Electronic and pneumatic systems
-On-board seating electronics
-Complete exhaust systems
-Diesel particulate filters
-Exhaust heat recovery systems
-Exhaust heat recovery manifolds
-Ammonia storage and delivery systems
-Decorative trim and components
|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.|
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
>>>Business report FY ended Dec. 31, 2009
>>>Business report FY ended Dec. 31, 2010
>>>Business report FY ended Dec. 31, 2011
>>>Business report FY ended Dec. 31, 2012
>>>Business report FY ended Dec. 31, 2013
>>>Business report FY ended Dec. 31, 2014
>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss