Faurecia Case Study

Overview Faurecia is the 7th largest in international and 3rd largest in European automotive parts manufacturing company .Company headquarters is in France and formed by merger of two European companies Bertrand Faure and Ecia in 1997. (https://www.autonews.com/assets/PDF/CA89220617.PDF) The company operates with 103,000 employees, 330 operating locations including 30 Research & Development (R&D) centers in 34 countries around the world and 501 patents filed in 2016. (http://www.faurecia.com/en/innovation/innovation-faurecia-global-innovation-ecosystem) < ADD MISSION & VISION> Faurecia has strengthened its position by acquisitions. In 2010 it acquired Emcon Technologies for exhaust specialization and Plastal for automotive exterior and bodywork
As per 2016 annual report company spent around one billion euro for R&D and filed 501 patents. It is expertise in high tech composite materials which is proven cost effective and weight reduction technologies in the automotive industry. Also developing new manufacturing processes which can revolutionize its current production method. (http://www.faurecia.com/en/about-us) Faurecia has 330 operating location nearer to original equipment manufacturer (OEM) and delivering its completed sub systems to customer plant for Just-in-time (JIT) production. Company had 72 co-innovation programs with the customers in 2015.It work closely with OEMs and understand the customer requirement in early stages of the project and develop the subsystem within the timeframe. Seating System We will discuss seating system segment in detail Faurecia develop and manufacture comfort, safety and intelligent seating systems for automotive market passenger vehicles segment to major automaker in the industry like GM, Ford, Nissan, Volkswagen, BMW, Daimler, Fiat/Chrysler, Peugeot and Hyundai-Kia. Faurecia Sold 6.6 billion euro worth of seating system in 2016 which was 6.8% increase from 2015. Faurecia have 77 production sites and 12 R&D centers in 24