-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.
-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.
|Interior Systems||-Grupo Antolin
-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.
-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.|
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
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss