FAURECIA : Faurecia signs cooperation agreement with FAW Foundry for the
development of magnesium alloy seat frames
Nanterre (France), July 15, 2013
Faurecia signs cooperation agreement with FAW Foundry for the development of
magnesium alloy seat frames
Faurecia, the world's sixth largest automotive equipment supplier, signed a
three-year cooperation agreement with FAW Foundry in Changchun (China), for
the development of magnesium alloy seat frames. The agreement, signed in the
presence of Yann Delabrière, Chairman and CEO of Faurecia, Jean-Michel Vallin,
President of Faurecia China, and Sun Feng, General Manager of FAW Foundry,
marks a new milestone in Faurecia's business and technology development in the
seat frames business and with China's FAW Group.
Through this project, Faurecia expects to further cut-down the weight of
automotive seats, reducing the environmental impact as well as to consolidate
its leading position in automotive seating.
"The challenge of reducing emissions calls for new breakthrough innovations in
the automotive industry, particularly in the field of weight reduction.
Magnesium alloy seat frames potentially offer a 25% weight reduction compared
with state of the art steel frames. This breakthrough development will also
allow both Faurecia and FAW Foundry to be in a leading position worldwide for
this promising material and its processes as it opens a potentially important
market.," said Jean-Michel Vallin, President of Faurecia China.
"We are eager to start cooperating with Faurecia, the world's number one in
automotive seat frames and mechanisms and also a long-term partner of FAW
Group Corporation. We believe that this will be a win-win partnership and
enable us to contribute to a greener automotive industry," said Sun Feng,
General Manager of FAW Foundry.
Faurecia is a global leader in automotive seating and is #1 worldwide for seat
frames and mechanisms and #3 worldwide for complete seats. FAW Foundry,
Faurecia's partner, is wholly-owned by China FAW Group Corporation and
currently the largest auto casting manufacturer in China.
Technologies for vehicle weight reduction can be found across all four
Faurecia activities, namely:
oAutomotive Seating: use of high strength steel, downsizing of mechanisms
and other seating components, laser welding and composite materials;
oInterior Systems: introduction and broadened use of renewable and natural
oEmissions Control Technologies: thinner steel and new processes such as
laser welding and induction brazing;
oAutomotive Exteriors: composite materials for body parts, semi-structural
and structural parts.
Faurecia has been operating in China for almost 20 years and has developed
fast within China's booming automotive industry and considers the Chinese
market a major priority. It currently employs 8,500 people, including 700
engineers, and is present in all the main automotive regions in China.
Faurecia is the world's sixth-largest automotive equipment supplier with four
key Business Groups: Automotive Seating, Emissions Control Technologies,
Interior Systems and Automotive Exteriors. In 2012, the Group posted total
sales of €17.4 billion ($22.5 billion). At December 31, 2012, Faurecia
employed 94,000 people in 34 countries at 320 sites, including 30 R&D centers
and 5,500 engineers. Faurecia's four core businesses all have an established
presence in the Chinese market. Faurecia China is headquartered in Shanghai
and has more than 8,500 employees, including 700 technicians and engineers, 39
industrial sites and four R&D centers. In 2012, Faurecia China's sales totaled
€1.5 billion. Visit us at: www.faurecia.com
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