Faurecia Faurecia China
already employs 4,000 people in China and hopes within three years, achieving a turnover of 1.7 billion euros in the country, against 670 million in 2009.
Two years ago, Asia accounted for 7% of global sales of the OEM, but this share should reach 15% in 2014, according to its own estimates.
The French manufacturer has announced its first JV dedicated to the manufacture of automotive exterior.
Faurecia is expanding its presence in China . The French equipment, already present on the territory of China with 17 factories and 4 research centers, has signed a new partnership with Ningbo Huazhong Plastic Products.
Faurecia JV
The two groups have formed a joint venture, they hold equal shares, to produce automotive exterior parts. This is the first establishment in China JV or joint venture in China Faurecia this field. To recap, the subsidiary PSA operates in three sectors (automotive interior systems, seats and Techonologies emission control) for which it was already installed in China.
Ipmplantation Faurecia China
production parts out of the new joint venture will be based on an existing site, a subsidiary of Ningbo China, Jilin Province in north-east of the country . Faurecia will particularly support the management and training teams.
production plant continues its current production of bumpers the VW Magotan (Chinese version of the Passat), but also begin making body parts for the Audi A6. A contract recently won by the two new partners, aiming for their joint activity, a premium German manufacturers customers.
15% of Faurecia's sales in China in 2014?
Olivier
China Strategy
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