FAURECIA SA

FAURECIA SA

Previous company name
EBF-EPEDA BERTRAND FAURE SA
Name change date
1/1/1998
Company Overview
Faurecia SA is a publicly quoted company engaged in the manufacture and design of essential automotive components. The company is formerly known as Bertrand Faure SA. The company was incorporated in 1929. The company has a registered office located in Nanterre, France.
Faurecia SA is an expert in the development, design, manufacture, and delivery of major modules for light vehicles. The company is among the world’s leading three companies for six major automobile modules such as seats, cockpits, door panels, acoustics and soft trim, front end and exhaust systems.
Faurecia SA supplies most major carmakers including General Motors, Ford, Volkswagen, DaimlerChrysler, and Renault. The company owns the Faurecia Exhaust Systems, a top exhaust system maker in the US. The company’s largest customer is the Peugeot, which also owns more than 50 percent of the company. In addition, the company is also one of Europe’s largest automotive seat makers.
The company’s mission is to create and deliver high-quality and innovative products, technical solutions and services that contribute to its customers’ competitiveness and create value for its employees and shareholders.
Faurecia SA is globally owned by Famille Peugeot which is one of the major subsidiary companies of Peugeot SA, a publicly traded company primarily engaged in the manufacture of motor vehicles and passenger car bodies.
The company operates in North America, South America, and Asia.
Business Summary
The Company is one of the world leaders in designing, manufacturing, and marketing automotive equipment. Net sales break down by product family as follows:
– seats;
– interior car parts : dashboards and instrument panels , doors and door panels , and acoustic modules ;
– exhaust systems ;
– front ends .

Description and history
The Company is one of the world leaders in designing, manufacturing, and marketing automotive equipment. Net sales break down by product family as follows:
– seats (41.7%; No. 2 in Europe and No. 3 worldwide);
– interior car parts (27.5%): dashboards and instrument panels (No. 1 worldwide), doors and door panels (No. 1 worldwide), and acoustic modules (No. 2 in Europe);
– exhaust systems (22.9%; No. 1 in Europe and No. 2 worldwide);
– front ends (7.9%; No. 1 in Europe).
At the end of 2008, theCompany had 190 production sites throughout the world.
Net sales are distributed geographically as follows: France (22.9%), Germany (25.4%), Europe (25.1%), North America (14.8%), Asia (6.1%), Latin America (2.7%) and other (3%).
History:
The Company was created on July 1,1929 and listed on the stock exchange of EURONEXT PARIS since 1999.
October 2001: Faurecia and Namba Press Works Co. Ltd., of Japan, signed an agreement with the aim of cooperating in the automotive seating business regarding Daimler Chrysler and Mitsubishi common platforms all over the world.
May 2001: Faurecia’s Biovolume automotive seating safety system has received best ‘safety, ergonomics and comfort design’ award, presented in Detroit by Auto Interiors.
March 2001: Two new sites for Seating Business Group: Ben Arous in Tunisia (cut and sew) and Nelas in Portugal (complete seats). Two new sites for Exhaust Systems Business Group: Braganca in Portugal (exhaust systems) and Vasvar in Hungary (manifolds).
December 2000 : Acquisition of Sommer Allibert by the Company. The European Commission, today unconditionally approved the acquisition of Sommer Allibert by the Company.
The implementation of the first stages of this process are due to take place in early January 2001 in accordance with the initial time frame.
September 2000 : the Company’s own personal challenge: staying in the forefront of innovation. What not to miss at the Paris Motor Show!
May 2000 : the Company expands in Poland. Pierre Levi nominated the Company’s Chairman and Ceo.
March 2000 : the Company presented in preview the A.T.C.S. car seat (Advanced Thorax Care System) at the SAE show in Detroit (USA).
February 2000: the Company accelerated pace of development in North America. ISO/TS16949 certification for the Company: a world first!
December 1999: the Company, Europe’s No. 1 complete exhaust systems manufacturer, signs an agreement with the US investment fund Questor Partner Fund for the acquisition of APAS, the third largest supplier of exhaust systems in the United States.
April 1999
Divestiture of the steering wheel activity to the Spanish Group Dalphi Metal.
December 1998
Two inaugurations in Brazil. The Company officially opened its new seat metal components plant in Quatro Barras (a suburb of Curitiba), as well as, Just-In-Time productions of complete seats and exhaust systems located in the suppliers’ building of Renault’s Ayrton Senna factory in Curitiba.
November 1998
Official opening of the Company’s new Tredegar site (metal components for automotive seats), located north of Cardiff.
October 1998
Start-up of a new plant in Poland. Located in Grojec, south of Warsaw, this plant produces tracks and frames for automotive seats.
September 1998, Divestiture of Peugeot Motocycles by Ecia to PSA Peugeot Citroen.
May / June 1998
Sieloir starts production of complete seats in Romorantin, France, delivered Just-In-Time to Matra Automobile. Ecia launches a capital increase of FRF 2.2 bn via share issue without pre-emptive rights in order to partially refinance its takeover of Bertrand Faure. After the operation, PSA Peugeot Citroen holds 55% of capital.
April 1998
Divestiture of Delsey by Bertrand Faure to Laurent David N.V., a Belgian company part of the Kipling group. Delsey’s Portuguese subsidiary is taken over by Bertrand Faure in order to increase its cut and sew capacities for automotive seating in Portugal.
March 1998
Daniel Dewavrin is coopted by the board of directors of Ecia and nominated President of Ecia. Daniel Dewavrin is also nominated President of the new Group which will result from the merger of Bertrand Faure and Ecia.
February 1998, Bertrand Faure divests of Sovap, specialized in the manufacturing of composite equipment destined for the storage and adduction of fluids, to the Dutch group Welna, working in the same field of activity in Europe. Bertrand Faure divests of Ratier-Figeac, aeronautical equipment supplier and subcontractor to Hamilton Standard, a division of United Technologies, which already held nearly 20 % of its capital.
December 1997
Friendly takeover bid by Ecia for Bertrand Faure. On December 11, 1997, Ecia, a 68%-held subsidiary of PSA Peugeot Citroen, launches a friendly takeover bid for Bertrand Faure in order to create a world class automotive components group, positioned among the top five suppliers worldwide in its choses product ranges. The operation follows on from October 1996 acquisition by Ecia, in association with Treves, of a 17.3% share in Bertrand Faure.
December 1997
Friendly takeover bid by Ecia for Bertrand Faure. On December 11, 1997, Ecia, a 68%-held subsidiary of PSA Peugeot Citroen, launches a friendly takeover bid for Bertrand Faure in order to create a world class automotive components group, positioned among the top five suppliers worldwide in its chosen product ranges. The operation follows on from the October 1996 acquisition by Ecia, in association with Treves, of a 17.3% share in Bertrand Faure.
February 1998
Bertrand Faure divests of Sovap, specialized in the manufacturing of composite equipment destined for the storage and adduction of fluids, to the Dutch group Welna, working in the same field of activity in Europe. Bertrand Faure divests of Ratier-Figeac, aeronautical equipment supplier and subcontractor to Hamilton Standard, a division of United Technologies, which already held nearly 20% of its capital
March 1998
Daniel Dewavrin is co-opted by the board of directors of Ecia and nominated President of Ecia. Daniel Dewavrin is also nominated President of the new Group which will result from the merger of Bertrand Faure and Ecia.
April 1998
Divestiture of Delsey by Bertrand Faure to Laurent David N.V., a Belgian company part of the Kipling group. Delsey’s Portuguese subsidiary is taken over by Bertrand Faure in order to increase its cut and sew capacities for automotive seating in Portugal.
May / June 1998
Sieloir starts production of complete seats in Romorantin, France, delivered Just-In-Time to Matra Automobile. Ecia launches a capital increase of FRF 2.2 bn via share issue without pre-emptive rights in order to partially refinance its takeover of Bertrand Faure. After the operation, PSA Peugeot Citroen holds 55% of capital.
September 1998
Divestiture of Peugeot Motocycles by Ecia to PSA Peugeot Citroen.
October 1998
Start-up of a new plant in Poland. Located in Grojec, south of Warsaw, this plant produces tracks and frames for automotive seats.
November 1998
Official opening of the Company’s new Tredegar site (metal components for automotive seats), located north of Cardiff.
December 1998
Two inaugurations in Brazil. The Company officially opens its new seat metal components plant in Quatro Barras (a suburb of Curitiba) as well as Just-In-Time productions of complete seats and exhaust systems located in the suppliers’ building of Renault’s Ayrton Senna factory in Curitiba.
April 1999
Divestiture of the steering wheel activity to the Spanish Group Dalphi Metal.
December 1999
The Company, Europe’s No. 1 complete exhaust systems manufacturer, signs an agreement with the US investment fund Questor Partner Fund for the acquisition of APAS, the third largest supplier of exhaust systems in the United States.
February 2000
The Company accelerates pace of development in North America. ISO/TS16949 certification for Faurecia: a world first!
March 2000
The Company presents a preview of the A.T.C.S. car seat (Advanced Thorax Care System) at the SAE show in Detroit (USA).
May 2000
The Company expands in Poland. Pierre Levi nominated the Company’s Chairman and CEO.
September 2000
The Company’s own personal challenge: staying at the forefront of innovation. What not to miss at the Paris Motor Show!
December 2000
Acquisition of Sommer Allibert by the Company. The European Commission today unconditionally approved the acquisition of Sommer Allibert by the Company.
The implementation of the first stages of this process are due to take place in early January 2001 in accordance with the initial time frame.
March 2001
Two new sites for Seating Business Group: Ben Arous in Tunisia (cut and sew) and Nelas in Portugal (complete seats).
Two new sites for Exhaust Systems Business Group: Braganca in Portugal (exhaust systems) and Vasvar in Hungary (manifolds).
May 2001: Faurecia’s Biovolume automotive seating safety system has received best ‘safety, ergonomics and comfort design’ award, presented in Detroit by Auto Interiors.
October 2001: The Company and Namba Press Works Co. Ltd., of Japan, signed an agreement with the aim of cooperating in the automotive seating business regarding Daimler Chrysler and Mitsubishi common platforms all over the world.
February 2002: The teams of the Company’s three sites in the Paris area came together under one roof: at 2, rue Hennape – 92735 Nanterre Cedex.
March 2002: In Deeside, North Wales, the Company inaugurated a synchronous flow complete seat assembly plant for Vauxhall Motors in Ellesmere Port.
Faurecia Exhaust Systems signed a license agreement with Iran Khodro. It deals with the sale of tools, machines and equipment for the manufacture of the exhaust systems, technical assistance for the location of the exhaust line, and engineering and development changes with a view to developing a local Iranian vehicle.
April 2002 : The Company enters the exhaust systems market in South Korea. The Company signed a memorandum of understanding with the South Korean company, Daeki Industrial, in order to establish an exhaust systems joint venture in South Korea.
October 2002: The Company and GSK have formed a joint venture to produce automotive seating at Wuhan in China (Hubei Province).
November 2002 : The Company opened a new plant in Poland. The new plant, at Legnica, is specialized in the production of felt pieces for the acoustic insulation of the vehicle interior.

Formerly known as Bertrand Faure SA

Description in French
La Sociйtй figure parmi les leaders mondiaux de la conception, de la fabrication et de la commercialisation d’йquipements automobiles. Le CA par famille de produits se rйpartit comme suit :
– siиges (41,7% ; n° 2 europйen et n° 3 mondial) ;
– modules d’intйrieur de vйhicules (27,5%) : planches de bord et cockpits (n° 1 mondial), portes et panneaux de portes (n° 1 mondial), et modules acoustiques (n° 2 europйen) ;
– systиmes d’йchappement (22,9% ; n° 1 europйen et n° 2 mondial) ;
– blocs avant (7,9% ; n° 1 europйen).
A fin 2008, la Sociйtй dispose de 190 sites de production dans le monde.
La rйpartition gйographique du CA est la suivante : France (22,9%), Allemagne (25,4%), Europe (25,1%), Amйrique du Nord (14,8%), Asie (6,1%), Amйrique du Sud (2,7%) et autres (3%).

La Sociйtй a йtй crйe le 1er juillet 1929. La Sociйtй a йtй introduite sur le marchй Eurolist d’Euronext Paris SA depuis 1999.

HISTOIRE
Octobre 2001: Faurecia et la societe japonaise Namba Press Works Co Ltd ont signe un accord en vue de cooperer dans le domaine des sieges d’automobile pour les plate-formes communes de Daimler-Chrysler et de Mitsubishi a travers le monde.
Mai 2001: Le systeme de securite pour les sieges d’automobile BioVolume de Faurecia vient de recevoir l’Award du meilleur ‘concept, confort, ergonomie et securite’ decerne a Detroit par Auto Interiors.
Avril 2001: Suite au rapprochement de Faurecia et des activites automobiles de Sommer-Allibert, Faurecia absorbe SIT, holding de controle de Sommer-Allibert, acquise par Peugeot SA le 3 janvier 2001.
Mars 2001: Ouverture de deux sites pour l’activites Sieges : Ben Arous en Tunisie (coupe et couture) et Nelas au Portugal (sieges complets). Ouverture de deux sites pour l’Echappement : Braganca au Portugal (lignes d’echappement) et Vasvar en Hongrie (collecteurs).
Decembre 2000: Rapprochement Faurecia – Sommer Allibert. Par decision du 20 decembre 2000, la Commission des Communautes Europeennes a autorise, sans reserve, le rapprochement entre Faurecia et Sommer Allibert. La realisation des premieres etapes du rapprochement est prevue pour les premiers jours du mois de janvier 2001, conformement au calendrier initial.
Septembre 2000: Rester a la pointe de l’innovation : tel est le defi releve par Faurecia. Faurecia etait present au Mondial de l’Automobile a Paris (30 septembre au 15 octobre 2000).
Mai 2000: Pierre Levi nomme President-Directeur General de Faurecia. Faurecia a signe le 24 mai 2000 un accord pour investir dans la zone economique de Walbrzych en Basse Silesie, a l’Ouest de la Pologne.
Mars 2000: Faurecia presente en avant-premiere le siege d’automobile A.T.C.S. (Advanced Thorax Care System) au salon SAE de Detroit (USA).
Decembre 1999: Faurecia, premier fabricant europeen d echappements complets, signe un accord avec US investment fund Questor Partner Fund pour l acquisition d APAS, troisieme fournisseur d echappements des Etats-Unis. APAS a enregistre un chiffre d affaires de 560 millions de $ en 1999, realise a 80% aux Etats-Unis et essentiellement en Europe pour le reste.
Avril 1999: Desinvestissement de l activite volants au benefice du groupe espagnol Dalphi Metal.
Decembre 1998: Deux inaugurations au Bresil. Faurecia ouvre officiellement sa nouvelle usine de composants metalliques de sieges a Quatro Barras (banlieue de Curitiba) ainsi qu une unite de production juste a temps de sieges complets et d echappements dans le batiment des fournisseurs de l usine Ayrton Senna de Renault a Curitiba.
Novembre 1998: Ouverture officielle du site de Faurecia a Tredegar (composants metalliques de sieges auto), au nord de Cardiff.
Octobre 1998: Demarrage d une nouvelle usine en Pologne. Situee a Grojec, au sud de Varsovie, cette usine produit des rails et des armatures de sieges auto.
Septembre 1998: Ecia desinvestit de Peugeot Motocycles au benefice de PSA Peugeot Citroen.
Mai / Juin 1998: Sieloir demarre la production de sieges complets a Romorantin, France, livres en juste a temps a Matra Automobile. Ecia lance une augmentation de capital de 2,2 milliards de FRF par l emission de titres sans droit de preemption afin de refinancer en partie sa prise de controle de Bertrand Faure. A l issue de l operation, PSA Peugeot Citroen detient 55% du capital.
Avril 1998: Bertrand Faure desinvestit de Delsey au benefice de Laurent David N.V., societe belge du groupe Kipling. La filiale portugaise de Delsey est achetee par Bertrand Faure afin d?augmenter sa capacite de coupe et de couture de sieges auto au Portugal.
Mars 1998: Daniel Dewavrin est coopte par le Conseil d Administration d Ecia et nomme President d Ecia. Il est egalement nomme President du nouveau groupe qui resultera de la fusion de Bertrand Faure et d Ecia.
Fevrier 1998: Bertrand Faure desinvestit de Sovap, societe specialisee dans la fabrication d equipements composites destines au stockage et a l adduction de fluides, au benefice du groupe neerlandais Welna, travaillant dans le meme domaine en Europe. Bertrand Faure desinvestit egalement de Ratier-Figeac, fournisseur d equipements aeronautiques et sous-traitant de Hamilton Standard, division de United Technologies, qui detenait deja pres de 20 % de son capital.
Decembre 1997: Offre publique d achat amicale d Ecia sur Bertrand Faure. Le 11 decembre 1997, Ecia, filiale detenue a 68% par PSA Peugeot Citroen, lance une offre publique d achat amicale sur Bertrand Faure pour creer un groupe de production de composants automobiles de classe mondiale, place parmi les cinq premiers fournisseurs mondiaux de cette gamme de produits. L operation se poursuit avec l acquisition par Ecia, en association avec Treves, en octobre 1996, de 17,3% du capital de Bertrand Faure.
2004: Avec 60 000 collaborateurs presents sur 160 sites, dans 28 pays, et un chiffre d?affaires annuel de 10,7 milliards d?euros, Faurecia est desormais un grand nom de l?automobile.
Business Line
Manufacture and design of essential automotive components
Subsidiary
000 FAURECIA AUTOMOTIVE
Advisor
PRICEWATERHOUSECOOPERS AUDIT
IPO date
6/4/1999
US SIC Code
3714
Company Address
2, Rue Hennape

City province or state postal code
92735, NANTERRE
Phone: +33 1 72 36 70 00
Fax: +33 1 72 36 70 07
Country address: FRANCE
Website url: www.faurecia.com