Faurecia
Encyclopedia
Faurecia is one of the largest international automotive parts manufacturer in the world . It produces 6 types of car modules: seats, cockpits, doors, acoustic packages, front end and exhaust
. Faurecia's customers include the Volkswagen group
, PSA Peugeot Citroën
, Renault
-Nissan, Ford, General Motors
, BMW
, Daimler, Fiat
Chrysler
, Toyota and Hyundai-Kia among others. Headquartered in Nanterre
, France, Faurecia operates over 238 production sites and 38 R&D centers in 33 countries worldwide. About half of these sites are manufacturing plants operating on the just-in-time principle. Faurecia joined the United Nations Global Compact in 2004. French car manufacturer PSA Peugeot Citroën
is Faurecia's controlling shareholder, holding around 57.4% stake.
In 1810 the brothers Jean-Pierre and Frédéric Peugeot opened with Jacques Maillard-Salins, a steel foundry for the manufacture of saw blades in Hérimoncourt, a village in eastern France. Within a few years, they were active in the field of tool manufacturing, and opened factories in the region of Montbéliard. From 1850 onwards, more businesses were added, with the famous Peugeot
lion first appeared on tools in 1858. After Peugeot had invented the tricycle in 1880, the company began only a year later with modern automobile production.
Bertrand Faure opened 1914 his first workshop, which produced seats for the Paris Metro trams. Fifteen years later the company acquired the license for a novel method with which he managed to produce the novel product of the spring mattress and perfect seats for the automotive industry. The business sectors of the manufacturing headquarters for trams and cars evolved very quickly after World War II. In the second half of the 20th century, the company expanded in the market for the manufacture of automotive parts, which included, inter alia, seats, exhaust systems and steering columns. In 1987, Peugeot merged the daughter companies AOP (Aciers & Outillages Peugeot - Peugeot steel and tools) and Cycles Peugeot and eventually formed the new company ecia (Equipements et Composants pour l'Industrie Automobile - Equipment and Components for the Automotive Industry).
On December 11, 1997, Bertrand Faure launched a takeover bid in which it wanted to increase its direct and indirect shares in Ecia to 99 percent. This was the birth of the Faurecia Group. The merger and creation of the Faurecia group took place two years later and resulted in a business with 32,000 employees, a turnover exceeding 4 billion euros and an international presence. In 1999, Faurecia acquired the American company AP Automotive Systems, and was thus able to expand its business for exhaust systems on the North American market. Another acquisition that followed was Sommer Allibert, a company that specialized in vehicle interiors, only a year later.Because of the broad establishment of Sommer Allibert business branch in Germany and Spain in Europe, Faurecia possession of significant market share especially in the area of door panels, instrument panels and acoustic packages. The acquisition was financed through the parent company, PSA Peugeot Citroën, which increased its shareholding in Faurecia to 71.5 percent.
In 2006, their Chairman and Chief Executive, Pierre Levi resigned amidst bribery investigations.
In November 2009, Faurecia announced that they had signed a deal to acquire EMCON Technologies , an integrator of emissions control technologies for passenger and commercial vehicles. Faurecia will buy the Troy, Michigan-based emission control technologies group for 20.9 million new Faurecia shares, cutting Peugeot's Faurecia stake to 57.4% from 70.85%.
In January 2011, Faurecia announced that it would take a strategic a 21.2% stake in Amminex A/S – a Danish company with leading-edge expertise in the treatment of nitrogen oxides and the inventor of the Ammonia Storage and Delivery System (ASDS). This transaction, valued at DKK 146.4 million (EUR 19.6 million) in cash, was intended to broaden its portfolio of product solutions for reducing nitrogen oxides (NOx
) from Diesel engines.
The company has since 2010 been pursuing growth in Asia, particularly to gain a foothold in the large and rapidly growing automotive markets of India
and China
.
Bertrand Faure opens a workshop to produce seats for trams and Metro trains.
1929:
Faure acquires Epéda spring patent and begins production of seating systems for the automotive market.
1945:
Peugeot begins production of automotive components, bicycles, and motorcycles through subsidiaries Aciers et Outillage Peugeot and Peugeot Cycles.
1987:
Aciers et Outillage Peugeot and Peugeot Cycles are merged to form ECIA; Faure acquires Delsey and Luchaire.
1988:
Bertrand Faure is acquired in a LBO backed by Michelin, Michel Thierry, Peugeot, and others to block a takeover attempt by Valeo.
1991:
Faure acquires Rentrop in Germany.
1997:
Faure agrees to be acquired by ECIA, forming Faurecia.
1999:
Faurecia acquires AP Automotive Systems in the United States.
2001:
Faurecia acquires the automotive components operations of Sommer Allibert.
2003:
Faurecia wins a $2 billion contract for production of cockpit components for Chrysler in the United States.
s for all types of vehicles. This group accounts for 23% of the company's sales.
s for the front end (front end carrier, bumper, etc.) and other parts that make up the vehicle exterior. This group accounts for 12% of the company's sales.
Exhaust system
An exhaust system is usually tubing used to guide reaction exhaust gases away from a controlled combustion inside an engine or stove. The entire system conveys burnt gases from the engine and includes one or more exhaust pipes...
. Faurecia's customers include the Volkswagen group
Volkswagen Group
Volkswagen Group is a German multinational automobile manufacturing group. , Volkswagen was ranked as the world’s third largest motor vehicle manufacturer and Europe's largest....
, PSA Peugeot Citroën
PSA Peugeot Citroën
PSA Peugeot Citroën is a French manufacturer of automobiles and motorcycles sold under the Peugeot and Citroën marques. Headquartered in the 16th arrondissement of Paris, PSA is the second largest automaker based in Europe and the number eight in the world.-History:In December 1974 Peugeot S.A....
, Renault
Renault
Renault S.A. is a French automaker producing cars, vans, and in the past, autorail vehicles, trucks, tractors, vans and also buses/coaches. Its alliance with Nissan makes it the world's third largest automaker...
-Nissan, Ford, General Motors
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
, BMW
BMW
Bayerische Motoren Werke AG is a German automobile, motorcycle and engine manufacturing company founded in 1916. It also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands...
, Daimler, Fiat
Fiat
FIAT, an acronym for Fabbrica Italiana Automobili Torino , is an Italian automobile manufacturer, engine manufacturer, financial, and industrial group based in Turin in the Italian region of Piedmont. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli...
Chrysler
Chrysler
Chrysler Group LLC is a multinational automaker headquartered in Auburn Hills, Michigan, USA. Chrysler was first organized as the Chrysler Corporation in 1925....
, Toyota and Hyundai-Kia among others. Headquartered in Nanterre
Nanterre
Nanterre is a commune in the western suburbs of Paris, France. It is located west of the center of Paris.Nanterre is the capital of the Hauts-de-Seine department as well as the seat of the Arrondissement of Nanterre....
, France, Faurecia operates over 238 production sites and 38 R&D centers in 33 countries worldwide. About half of these sites are manufacturing plants operating on the just-in-time principle. Faurecia joined the United Nations Global Compact in 2004. French car manufacturer PSA Peugeot Citroën
PSA Peugeot Citroën
PSA Peugeot Citroën is a French manufacturer of automobiles and motorcycles sold under the Peugeot and Citroën marques. Headquartered in the 16th arrondissement of Paris, PSA is the second largest automaker based in Europe and the number eight in the world.-History:In December 1974 Peugeot S.A....
is Faurecia's controlling shareholder, holding around 57.4% stake.
History
The expertise of the Faurecia Group has a history which is closely intertwined with the history of French industrialization extending back to the year 1810.In 1810 the brothers Jean-Pierre and Frédéric Peugeot opened with Jacques Maillard-Salins, a steel foundry for the manufacture of saw blades in Hérimoncourt, a village in eastern France. Within a few years, they were active in the field of tool manufacturing, and opened factories in the region of Montbéliard. From 1850 onwards, more businesses were added, with the famous Peugeot
Peugeot
Peugeot is a major French car brand, part of PSA Peugeot Citroën, the second largest carmaker based in Europe.The family business that precedes the current Peugeot company was founded in 1810, and manufactured coffee mills and bicycles. On 20 November 1858, Emile Peugeot applied for the lion...
lion first appeared on tools in 1858. After Peugeot had invented the tricycle in 1880, the company began only a year later with modern automobile production.
Bertrand Faure opened 1914 his first workshop, which produced seats for the Paris Metro trams. Fifteen years later the company acquired the license for a novel method with which he managed to produce the novel product of the spring mattress and perfect seats for the automotive industry. The business sectors of the manufacturing headquarters for trams and cars evolved very quickly after World War II. In the second half of the 20th century, the company expanded in the market for the manufacture of automotive parts, which included, inter alia, seats, exhaust systems and steering columns. In 1987, Peugeot merged the daughter companies AOP (Aciers & Outillages Peugeot - Peugeot steel and tools) and Cycles Peugeot and eventually formed the new company ecia (Equipements et Composants pour l'Industrie Automobile - Equipment and Components for the Automotive Industry).
On December 11, 1997, Bertrand Faure launched a takeover bid in which it wanted to increase its direct and indirect shares in Ecia to 99 percent. This was the birth of the Faurecia Group. The merger and creation of the Faurecia group took place two years later and resulted in a business with 32,000 employees, a turnover exceeding 4 billion euros and an international presence. In 1999, Faurecia acquired the American company AP Automotive Systems, and was thus able to expand its business for exhaust systems on the North American market. Another acquisition that followed was Sommer Allibert, a company that specialized in vehicle interiors, only a year later.Because of the broad establishment of Sommer Allibert business branch in Germany and Spain in Europe, Faurecia possession of significant market share especially in the area of door panels, instrument panels and acoustic packages. The acquisition was financed through the parent company, PSA Peugeot Citroën, which increased its shareholding in Faurecia to 71.5 percent.
In 2006, their Chairman and Chief Executive, Pierre Levi resigned amidst bribery investigations.
In November 2009, Faurecia announced that they had signed a deal to acquire EMCON Technologies , an integrator of emissions control technologies for passenger and commercial vehicles. Faurecia will buy the Troy, Michigan-based emission control technologies group for 20.9 million new Faurecia shares, cutting Peugeot's Faurecia stake to 57.4% from 70.85%.
In January 2011, Faurecia announced that it would take a strategic a 21.2% stake in Amminex A/S – a Danish company with leading-edge expertise in the treatment of nitrogen oxides and the inventor of the Ammonia Storage and Delivery System (ASDS). This transaction, valued at DKK 146.4 million (EUR 19.6 million) in cash, was intended to broaden its portfolio of product solutions for reducing nitrogen oxides (NOx
NOx
NOx is a generic term for the mono-nitrogen oxides NO and NO2 . They are produced from the reaction of nitrogen and oxygen gases in the air during combustion, especially at high temperatures...
) from Diesel engines.
The company has since 2010 been pursuing growth in Asia, particularly to gain a foothold in the large and rapidly growing automotive markets of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
.
Timeline
1914:Bertrand Faure opens a workshop to produce seats for trams and Metro trains.
1929:
Faure acquires Epéda spring patent and begins production of seating systems for the automotive market.
1945:
Peugeot begins production of automotive components, bicycles, and motorcycles through subsidiaries Aciers et Outillage Peugeot and Peugeot Cycles.
1987:
Aciers et Outillage Peugeot and Peugeot Cycles are merged to form ECIA; Faure acquires Delsey and Luchaire.
1988:
Bertrand Faure is acquired in a LBO backed by Michelin, Michel Thierry, Peugeot, and others to block a takeover attempt by Valeo.
1991:
Faure acquires Rentrop in Germany.
1997:
Faure agrees to be acquired by ECIA, forming Faurecia.
1999:
Faurecia acquires AP Automotive Systems in the United States.
2001:
Faurecia acquires the automotive components operations of Sommer Allibert.
2003:
Faurecia wins a $2 billion contract for production of cockpit components for Chrysler in the United States.
Faurecia Emission Control Technologies
Faurecia is the world's largest supplier of exhaust systems. One in five vehicles around the world is fitted with a Faurecia exhaust system. Faurecia develops and produces entire exhaust systems, from the manifold to the tail pipe. The group developed the Diesel Particulate Filter with PSA, contributing to the development of "clean" cars by treating pollutants (e.g. nitrogen oxides) and recovering energy. This group accounts for 30% of the company's sales.Faurecia Interior Systems
Faurecia is the world's largest supplier of vehicle interior parts. It develops instrument panels, center consoles, complete cockpits, door modules, door panels and acoustic solutionSolution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for all types of vehicles. This group accounts for 23% of the company's sales.
Faurecia Automotive Exteriors
Faurecia provides its customers with innovative solutionSolution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s for the front end (front end carrier, bumper, etc.) and other parts that make up the vehicle exterior. This group accounts for 12% of the company's sales.