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Web Address of Faurecia: Related Topics: Supplier Groups
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. Companies : Faurecia
Operating 160 sites in 27 countries, the group is the second largest automotive supplier in Europe in terms of sales to automakers. Faurecia designs, develops and manufactures modules, in other words, vehicle subassemblies that are delivered as complete physical entities to automakers’ assembly lines. At Faurecia, nearly 6% of turnover is devoted to research and development, with 5,000 engineers employed in 25 technical and research centers. Faurecia works for all the major automakers. In 2003, the breakdown of its turnover per customer was as follows:
First half year 2005 results July 21, 2005 -- Faurecia continues to grow outside Europe Sales grew while European automotive production slightly declined:
Substantial growth outside Europe (at constant exchange rates and on a comparable basis):
Faurecia’s first half 2005 consolidated sales rose 1.7% to €5,612.7 million, or excluding monolith sales at constant exchange rates and on a comparable basis, sales increased 2.5%. Currency fluctuations had a positive impact of 0.3%, while divestments had a negative impact of 1.9%. Faurecia’s achieved sales growth considering a slight decline in European automotive production of roughly 1%, despite a significant drop in the first quarter of 2005. Significant increase in sales outside Europe: 14% in North America, 23% in South America, and 40% in Asia at constant exchange rates and on a comparable basis. Sales rose sharply in North America (Automotive Seating and Exhaust Systems), Asia (Automotive Seating), and in South America (Vehicle Interior and Exhaust Systems). Automotive Seating sales increased to €2,544.3 million, up 2.8% compared with the same period a year earlier, and 2.4% at constant exchange rates and on a comparable basis. Automotive Seating has remained strong in Europe with several launches and a ramp-up in production: Citroën C4, Opel Astra, Peugeot 407, and Renault Grand Scenic. Automotive Seating was particularly substantial in North America with the increase in production for the Honda Odyssey and Pontiac G6, and in China with the Nissan Teana. In South America, growth was driven by sales to PSA Peugeot Citroën, and Renault. Sales for other Vehicle Interior modules reached €1,743.4 million in the first half, a decline of 3.6%, or 1.7% at constant exchange rates and on a comparable basis. Currency fluctuations had a positive impact of 0.3%, while the divestiture of the steering systems business had a negative impact of 2.2%. This Business Group reflects the market trend. It benefited from start-ups in Europe for the Audi A6, Citroën C4, and Ford Focus, and a rampup in production for the Peugeot 407. In South America, growth is mainly attributable to sales to Ford. Exhaust Systems sales rose 7.0% to €935.3 million in the first half 2005, or 2.7% excluding monoliths. At constant exchange rates and on a comparable basis, sales excluding monoliths increased 15.2%. Currency fluctuations had a negative impact of 0.3%, while the divestiture of the Engine Reconditioning business had a negative impact of 12.2%. Exhaust Systems reported substantial growth in Europe, particularly with the Ford Focus, and the increase in production for the Mercedes-Benz A Class. Growth was also strong outside Europe, especially in North America which increased notably due to the rise in production for the Ford Freestyle and the Chevrolet Cobalt. Front end sales in the first half 2005 totaled €389.7 million, an increase of 7.3% attributable to a boost in activity with Audi and BMW.
Sales 2003- 2002 Faurecia’s consolidated 2003 sales came to € 10,122.7 million, up 2.6% compared to 2002. Excluding sales of catalytic converters, sales increased by 4.5% to € 9,504.1 million and rose by 8.3% at constant exchange rates and on a comparable scope. Over the same period, European automobile production is estimated to have fallen by 2.2%. Faurecia Inaugurates Auburn Hills Just-in-Time Seating Facility for GM’s Pontiac G6 Auburn Hills, Mich. – October 12, 2004 – Chairman and CEO Pierre Lévi of Faurecia, Europe’s second-largest automotive supplier, today formally inaugurated the opening of its just-in-time production facility in Auburn Hills. Serving the nearby General Motors Lake Orion assembly plant, Faurecia’s new operation produces complete seating systems for the Pontiac G6. Faurecia opens New Development Center in Japan Tokyo, Japan – 7 September 2004 -- Chairman & CEO Pierre Lévi and the Executive Committee of Faurecia, a leading global automotive equipment supplier, today inaugurated the company’s new Japan Development Center in Shin-Yokohama. This Development Center is expected to house approximately 100 people in the near future, and will unite all of Faurecia's activities under one roof: seats, interiors systems, front end and exhaust systems. The opening of the new Development Center marks the Group's will to strengthen ties and deepen its relationships with carmakers and partners in Japan, with the aim of becoming their partner of choice. It will allow Faurecia to develop its innovation portfolio to offer its customers technical expertise better and smarter. Faurecia to Open Technical Center and New Headquarters in Japan Tokyo, 9 June 2004. Faurecia, a leading global automotive equipment supplier, announced plans to open a technical center and new headquarters in Shin-Yokohama, in a move to strengthen its business worldwide with Japanese automakers. The new site, to be inaugurated in September 2004, will unite the technical development teams of the Group's Automotive Seating, Interior Systems, Modules and Systems, and Exhaust activities under one roof. Group sales for 2000: A year of strong growth
* Including APAS Group, acquired on 31 December 1999, in 1999 figures. ** +24.9% taking account of the sale of steering wheel operations in late June 1999. Faurecia’s sales growth remained buoyant in the fourth quarter with an increase of 25.7%, of which 3.8% was accounted for by exchange rate fluctuations and 16.0% by sales of catalysts and various invoicings. For fiscal 2000 as a whole, Faurecia’s consolidated sales figure totalled 5,839.6 million euros, an increase of 21.0% (3.3% of this due to exchange rate fluctuations). The growth attributable to production (excluding sales of catalysts and tooling and development invoicing) rose to 10.6% (2.2% due to exchange rate fluctuations). For 2000 as a whole, the automotive seating division recorded growth of 6.1% (of which 1.7% was attributable to exchange rate fluctuations). In Europe, the rate of growth was 4.3%: the slower growth rate here reflects a decline in sales in the United Kingdom, offset by increased sales to French manufacturers. In North America, higher sales — to General Motors in particular — resulted in growth of 18.2% at constant exchange rates. Exhaust systems recorded an overall sales increase of 12.5% for the fiscal year as a whole, excluding sales of catalysts and at constant exchange rates, with increases of 17.5% in Europe and 2.1% in North America. Sales growth in the vehicle interior division reflects the impact of new start-ups in the door panels operations. The strong growth in the front end module division reflects the impact of sales to Audi: Faurecia is now supplying this module for the entire Audi range. Taking into account year 2000 sales for Sommer Allibert’s automotive activity of around 2.6 billion euros, the proforma sales figure for the new Group would reach over 8.4 billion euros, an increase of 22% over 1999. (January 10, 2001) FAURECIA - SOMMER ALLIBERT MERGER In accordance with the announcement on October 25, 2000, today Faurecia and SIT submitted to the French Conseil des Marchés Financiers (Financial Markets Council) a draft takeover offer for all Sommer Allibert shares not held by SIT, at a price of € 57.5 per share. In the next few days Faurecia will also be launching a takeover offer for those shares in the company's German subsidiary, SAI Automotive AG, which are not held by Sommer Allibert (representing 30.7 % of the share capital), at a price of € 15 per share. These two operations follow the divestment on January 3, 2001 of Sommer Allibert's non-automotive operations to its former controlling shareholders. Peugeot S.A. then acquired 100% of the share capital of SIT, which itself holds 37.9 % of the share capital and 52.8 % of the voting rights of Sommer Allibert. These operations will be followed by SIT's transfer to Faurecia or a merger between SIT and Faurecia, giving Faurecia full control of Sommer Allibert. The merger received the unconditional approval of the European and US anti-trust authorities This merger represents a major step in the development Faurecia who now becomes one of the global leaders in the vehicle interior sector. Including Sommer Allibert, Faurecia's pro-forma consolidated sales for 2000 exceed € 8 billion. The new group has a combined total workforce of 50,000. The product ranges of the two companies are an excellent match: Sommer Allibert is the European leader in instrument panels and cockpits, door panels and modules, and acoustics, while Faurecia is European leader and global no. 3 in automotive seating. Together, Faurecia and Sommer Allibert cover the full spectrum of vehicle interior expertise. Faurecia is also the European leader in exhaust systems and front ends. (January 4, 2001)
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Faurecia
is one of the global leaders in the automotive supply industry. It
specializes in the design and assembly of six major modules that account
for up to 15% of a vehicle’s value: seats, cockpits, doors, acoustic
package, front ends and exhaust systems. An engineering and services group
for the automotive industry, Faurecia has a turnover of more than 10
billion euros and employs 60,000 people.