Faurecia

from Wikipedia, the free encyclopedia
Faurecia

logo
legal form SA
ISIN FR0000121147
founding May 1999
Seat Nanterre , FranceFranceFrance 
management Patrick Koller ( CEO )
Number of employees 115,500 (2019)
sales 17.8 billion euros (2019)
Branch Automotive supplier
Website www.faurecia.com
Status: 2019

Audio file / audio sample Faurecia ? / i [ fɔːR'sia ] is an internationalautomotive supplierwith headquarters inNanterrenear Paris. The French company had 115,500 employees worldwide at the end of 2019. At that time, it was represented at 248 locations in 37 countries, including 37R&Dcenters. Theannual salesof Faurecia total was in 2019 17.8 billion euros, compared to 17.5 billion in 2018. Worldwide is one of Faurecia, in addition to the German companiesBosch,ContinentalandZF, the fifteen largest automotive suppliers. Faurecia has four divisions:Seating,Interiors,Clarion Electronicsand Clean Mobility. In 2006 Faurecia was at the center of a bribery scandal in the European supply industry.

history

The roots of the Faurecia group go back to the year 1810. Faurecia got its current name in 1999 when the companies Bertrand Faure and Ecia merged. Ecia from the PSA Peugeot Citroën group had previously increased its direct and indirect shares in Bertrand Faure to 99 percent.

Ecia

In 1810 the brothers Jean-Pierre and Fréderic Peugeot, together with Jacques Maillard-Salins, opened a steel foundry for the manufacture of saw blades in Hérimoncourt , a village in eastern France. Only a few years later they became active in the tool making sector and opened factories in the Montbéliard area . From 1850, other branches of business were added, with the Peugeot lion first appearing on tools in 1858. After Peugeot invented the tricycle in 1880, the company started manufacturing modern automobiles just a year later. As a result, Peugeot applied for a patent for the first steel pipes.

In the second half of the 20th century, the company entered the market for the manufacture of automotive parts, including seats, exhaust systems and steering columns. In 1987, the Peugeot subsidiaries AOP (Aciers & Outillages Peugeot - Peugeot steel and tools) and Cycles Peugeot finally merged to form the new company Ecia (Equipements et Composants pour l'Industrie Automobile - equipment and components for the automotive industry). In the following decade, Ecia took over several larger companies and became the European market leader in exhaust systems, seats, vehicle interior components and front parts, before the company merged with Bertrand Faure to form Faurecia.

Bertrand Faure

Bertrand Faure opened his first workshop in 1914, which specialized in the manufacture of seats for trams and the Paris Métro in Levallois-Perret . Fifteen years later, the company acquired the license for a novel process with which it was able to manufacture spring mattresses and perfect seats for the automotive industry. The branches of the seat manufacture for trams and for cars developed rapidly after the Second World War. Bertrand Faure was able to establish himself internationally and in 1991 achieved the European market leadership in the field of vehicle technology through the takeover of the German Rentrop Group. The Bertrand Faure Group later focused exclusively on the manufacture of vehicle seats.

Faurecia

On December 11, 1997, Ecia made the company Bertrand Faure a takeover bid, in which it wanted to increase its direct and indirect shares in the company to 99 percent. The Faurecia Group was merged and founded two years later and resulted in a business activity with 32,000 employees, sales of more than 4 billion euros and an international presence that had strong connections to well-known automobile manufacturers, especially in Germany. In 1999 Faurecia acquired the American company AP Automotive Systems and was able to expand its business area for exhaust systems in the North American market. The following year, Sommer Allibert , a company specializing in vehicle interiors, was taken over. Due to the establishment of the Sommer Allibert branch in Germany and Spain, Faurecia had significant market shares in Europe, especially in the area of ​​door panels, instrument panels and acoustic packages. The takeover was financed by the Faurecia parent company PSA Peugeot Citroën , which increased its stake in Faurecia to 71.5 percent. On February 8, 2010, Faurecia expanded its emissions control technologies business with the acquisition of EMCON Technologies . This made Faurecia the world's leading provider of emissions control technologies.

After the approval of the European antitrust authorities and the conclusion of the contractual agreements, Faurecia took over the automotive supplier for plastic exterior parts Plastal Germany on March 31, 2010 and officially integrated it into the Faurecia Automotive Exteriors division. With this division, Faurecia became the new European market leader. Faurecia took over all six German Plastal locations with around 2,000 employees. A purchase price of 33 million euros was paid. In addition, on October 1, 2010, Faurecia acquired the Spanish subsidiary of Plastal GmbH - Plastal Spain SA, Barcelona . The French automotive supplier took over all four Spanish locations with a total of 700 employees.

In October 2010, Faurecia also took over Hoerbiger Automotive Komfortsysteme GmbH (HAKS) in Schongau and expanded the technology in the area of ​​complete seats . HAKS was one of the leading providers of automotive comfort systems and a leader in the field of pneumatic seating comfort systems. On November 23, 2010, Faurecia signed an agreement to purchase Angell-Demmel - a company that specializes in the production of interior trim parts made of real metal. Upon completion of the purchase, Angell-Demmel was integrated into Faurecia's interior systems division. On January 18, 2011, Faurecia announced that the group would acquire a 21.2 percent stake in the Danish company Amminex A / S. Amminex is a company with expertise in the treatment of nitrogen oxides and is the inventor of the "Ammonia Storage and Delivery System" (ASDS). The transaction was valued at 19.5 million euros. In addition, Faurecia has been cooperating with the specialty chemicals company Rhodia since November 2009 . In February 2011, the two companies reaffirmed this collaboration by signing a joint development agreement. Faurecia and Rhodia want to develop components for lightweight seats in the future.

Since increasing its share capital to over 71% in 2000, PSA reduced it to 46.34 percent by 2018. There had been repeated speculation that Peugeot could sell its subsidiary to fill its coffers in the face of the dire financial situation. In an interview, Yann Delabrière stated that Faurecia was prepared for a sale by PSA Peugeot Citroën. PSA CFO Jean-Baptist de Chatillon reiterated that the automotive supplier was "not for sale".

On March 28, 2019, Faurecia took over 100 percent of the Japanese company Clarion and founded the fourth division, Faurecia Clarion Electronics, on April 1, 2019. The division combines Clarion with Parrot Automotive and Coagent Electronics. Faurecia Clarion Electronics focuses on developing cockpit electronics and driver assistance systems for low speeds. In January 2020, the company completed the takeover of the SAS joint venture by acquiring the shares previously held by Continental. SAS is a player in the assembly and logistics of interior modules and, with around 4,490 employees, achieved a turnover of approx. 740 million euros in 2019. The former joint venture is managed as SAS Interior Modules and is represented at 20 locations in Europe, North and South America and China. In this way, Faurecia is expanding its system integration offering to include all interior modules.

Customers

Faurecia supplies all major automobile manufacturers worldwide. According to customers, the company's sales in 2019 were as follows:

2019 sales by customer
customer Sales in%
Volkswagen Group 18th
Ford Group 15th
Renault-Nissan-Mitsubishi 14th
Groupe PSA 13
Fiat Chrysler Automobiles 7th
Chinese original equipment manufacturers 5
General Motors 5
BMW 4th
Hyundai Motor Group 3
Daimler 3
CVE 3
Jaguar Land Rover 2
Other 8th

Business areas

Seating

The French automotive supplier develops and produces all the components of a seat: frames, adjustment mechanisms, rails, foams and seat covers. The car seats offer solutions for safety such as protection against whiplash injuries, comfort , quality , modularity and lower weight, which are achieved through the use of natural or recycled materials, among other things.

Clean Mobility

In the field of emission control technologies, Faurecia develops and produces exhaust systems, from catalytic converters and manifolds to silencers and diesel particulate filters . Since taking over EMCON Technologies in February 2010, Faurecia has been the global leader in this field. On January 23, 2017, it was announced that Faurecia is realigning its Emissions Control Technologies division and is renaming it to Clean Mobility. In 2018, Faurecia took over the Swiss company Hug Engineering, a manufacturer of exhaust gas cleaning systems, from ElringKlinger .

In the field of sustainable mobility, Faurecia invests in optimizing the potential of fuel cell technology . The company has set up partnerships with research and technology specialists to develop high-performance solutions for two central components: high-pressure tanks with Stelia Aerospace Composites and fuel cell stacks with the Commissariat à l'énergie atomique et aux énergies alternatives (CEA). Faurecia also develops a range of battery covers and complete battery housing solutions for electric and plug-in hybrid vehicles. On November 21, 2019, Michelin and Faurecia announced the formation of a joint venture . All activities of the two companies in the field of fuel cell systems are brought together under the name Symbio.

Interiors

In the area of ​​interior systems, the automotive supplier designs dashboards , center consoles , door panels and modules as well as acoustic modules. As part of SAS, Faurecia supplies automobile manufacturers with turnkey interior systems from its just-in-time plants .

Clarion Electronics

Faurecia Clarion Electronics focuses on developing cockpit electronics and driver assistance systems for low speeds. The division is based in Saitama , Japan . It was officially founded on April 1, 2019. The new division combined Clarion with Parrot Automotive and Coagent Electronics, which Faurecia had previously acquired. On July 22, 2019, Microsoft and Faurecia announced a partnership. The aim is to jointly develop innovative, networked and personalized services in the cockpit of the future based on the "Microsoft Connected Vehicle" platform.

Formerly the Exteriors division

Faurecia has produced three exterior modules: front ends (including engine cooling systems), exterior systems (bumpers, design elements) and bumper systems. The production of bumpers and front-end modules was 4.5 million pieces per year. On December 14, 2015, it was announced that Faurecia will sell the division with around 2 billion euros in sales, 7,700 employees and 22 industrial sites for 650 million euros to Plastic Omnium .

Research and Development

In its research facilities, the group focuses on six areas: quality as well as comfort, safety, environmental protection, cost reduction and integration capability. In 2018 the company employed 8,300 engineers, 800 software engineers and 70 experts in artificial intelligence .

Faurecia in Germany, Austria and Switzerland

Around 6,900 employees work for the company at around 30 locations in Germany, Austria and Switzerland. In addition to these locations, there are nine cross-location centers for research, design and development.

Faurecia has its German headquarters in Stadthagen near Hanover . On November 15, 2019, the ground-breaking ceremony took place for the new construction of the Faurecia Innovation Center in the Marienwerder Science and Technology Park near Hanover. The building is scheduled to open in early / mid-2021 and, in addition to the innovation center, will also house Faurecia's new German headquarters. The largest German location with 1,400 employees is also the European headquarters of Faurecia Clean Mobility and is located in Augsburg .

In 2015, the Lower Saxony Faurecia location in Peine was named Factory of the Year in the category of excellent large-scale production as part of a nationwide competition by the trade magazine Produktion and the management consultancy AT Kearney .

Bribery affair

In 2006 it became known that Faurecia was involved in a bribery affair involving eleven suppliers. According to the public prosecutor's office , payments were made to employees of automakers for years in order to secure orders for the company. Starting in 1998, bribes were paid to buyers at Volkswagen , Audi and BMW . The investigation began in 2005 following a report by the tax authorities that "suspicious payments" were found at a branch of Faurecia. In May 2006, the German headquarters and the affected branch were searched. The then head of the French auto supplier Pierre Lévi had admitted that he had been informed about the payments and therefore resigned on August 2, 2006. The Frankfurt am Main district court saw it as proven that bribe payments of 1.25 million euros had been approved within five years, and in June 2007 sentenced Lévi to a fine and suspended sentence. On February 20, 2007, Yann Delabrière was appointed as the new Chairman and CEO of Faurecia .

Web links

Commons : Faurecia  - collection of images, videos and audio files

Individual evidence

  1. ↑ Patrick Koller. In: Bloomberg . Retrieved May 11, 2020 .
  2. ↑ a b c d e Faurecia: 2019 Universal Registration Document. In: faurecia.com. April 30, 2020, accessed on May 11, 2020 (English, Annual Report 2019).
  3. ↑ a b Faurecia by numbers on the rise. In: boerse.ard.de. February 17, 2020, accessed May 11, 2020 .
  4. ↑ TOP 100: Automotive Suppliers Global Ranking 2019. In: Automobil Produktion. Accessed on May 11, 2020 (excerpt from the ranking).
  5. ↑ Overview of the business areas , accessed on December 6, 2019.
  6. ↑ a b c faurecia.de: History. ( Memento of October 4, 2013 in the Internet Archive ) Retrieved October 2, 2013.
  7. ↑ European Commission: Case No COMP / M.5799 - FAURECIA / PLASTAL. In: European Commission . March 24, 2010, accessed December 10, 2019 .
  8. ↑ Plastal: Faurecia also takes over the Spanish subsidiary of the automotive supplier. Plasticker-News from October 4, 2010.
  9. ↑ Faurecia Newsroom Archive Link ( Memento from September 20, 2013 in the Internet Archive ) Message from October 26, 2010.
  10. ↑  ( page no longer available , search in web archives )@1@ 2Template: Toter Link / www.angell-demmel.de
  11. ↑ Bernd Otterbach: Faurecia buys Angell-Demmel Europe. In: automobil-industrie.vogel.de. November 23, 2010, accessed December 10, 2019 .
  12. ↑ Bernd Otterbach: Faurecia joins Amminex. In: automobil-industrie.vogel.de. January 19, 2011, accessed December 10, 2019 .
  13. ↑ Katrin Pudenz: Faurecia and Rhodia develop components for lightweight seats. ( Memento of August 14, 2012 in the Internet Archive ) Report at ATZonline.de, accessed on February 14, 2013.
  14. ↑ a b 2018 Registration Document (Annual Report), accessed December 6, 2019.
  15. ^ France: Peugeot subsidiary Faurecia "ready" for possible sale. In: Zeit Online. February 12, 2013, archived from the original on October 27, 2014 ; Retrieved February 25, 2013 .
  16. ↑ Reuters, AFP: Peugeot makes record loss. In: FAZ.net . February 13, 2013, accessed October 13, 2018 .
  17. ↑ Götz Fuchslocher: New division Faurecia Clarion Electronics founded. In: automobil-produktion.de. April 1, 2019, accessed December 6, 2019 .
  18. ^ Faurecia completes acquisition of 50:50 JV with Continental. In: www.autocarpro.in. January 31, 2020, accessed on May 11, 2020 .
  19. ^ Faurecia.com: website . There under Activities the keyword Seating .
  20. ↑ Takeover: Faurecia becomes the market leader in emissions control. In: autohaus.de. November 2, 2009, accessed May 11, 2020 .
  21. ↑ Faurecia Germany: Faurecia renames the division to focus on automotive megatrends and strategies for clean mobility. In: faurecia.de. January 23, 2017, archived from the original on February 11, 2017 ; accessed on May 11, 2020 .
  22. ↑ Hug Engineering AG: Hug Engineering is taken over by Faurecia , accessed on September 6, 2018
  23. ↑ Holger Pinnow-Locnikar: Faurecia and Michelin form a symbiosis. In: amz . November 22, 2019, accessed December 10, 2019 .
  24. ↑ SAS Interior Modules: About Us. In: sas-automotive.com. Retrieved May 11, 2020 .
  25. ↑ Götz Fuchslocher: New division Faurecia Clarion Electronics founded. In: automobil-produktion.de. April 1, 2019, accessed December 10, 2019 .
  26. ↑ Klaus-Dieter Flörecke: cooperate Faurecia and Microsoft. In: Automobilwoche. July 23, 2019, accessed December 10, 2019 .
  27. ^ Faurecia.de: Automotive Exteriors. ( Memento from October 5, 2013 in the Internet Archive )
  28. ↑ Takeover: Faurecia wants to sell its exterior business to Plastic Omnium , December 15, 2015
  29. ↑ See the information on the company website , accessed December 10, 2019.
  30. ^ Faurecia Germany: Groundbreaking in Hanover: Faurecia new building begins. In: faurecia.de. November 15, 2019, accessed December 10, 2019 (company press release).
  31. ↑ See the information on the company website , accessed December 10, 2019.
  32. ^ Faurecia Germany: Awards. In: faurecia.de. Archived from the original on January 23, 2019 ; accessed on May 11, 2020 .
  33. ↑ Spiegel Online: Auto Industry: Lubricate and have it lubricated
  34. ↑ FAZ: Corruption affair in the auto industry is expanding
  35. ^ Report on resignation and sentencing . In: Rheinische Post , June 5, 2007.
  36. ↑ Archive link ( Memento from October 4, 2013 in the Internet Archive )