Faurecia S.A. - Introduction

Introduction

2 rue Hennape
Nanterre
F-92735 Cedex
France
Telephone: +33 1 72 36 70 00
Fax: +33 1 72 36 70 07
Web site: http://www.faurecia.com

Public Company
Incorporated: 1998
Employees: 52,041
Sales: EUR 10.12 billion ($13.25 billion) (2003)
Stock Exchanges: Euronext Paris
Ticker Symbol: EPED.PA
NAIC: 336399 All Other Motor Vehicle Parts Manufacturing; 332510 Hardware Manufacturing; 332991 Ball and Roller Bearing Manufacturing; 332999 All Other Miscellaneous Fabricated Metal Product Manufacturing; 333612 Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing; 333613 Mechanical Power Transmission Equipment Manufacturing; 336311 Carburetor, Piston, Piston Ring and Valve Manufacturing; 337127 Institutional Furniture Manufacturing

Faurecia S.A. is a leading automotive components supplier focusing on six core products lines: car seats, cockpits, exhaust systems, acoustic package, doors, and front ends. The company is the leading European producer in all but one of these products (it is number two in acoustic packages) and also holds the number two and three position in each of these categories worldwide. Seats account for the largest percentage of Faurecia's sales, which topped EUR 10 billion ($13 billion) in 2003, representing 43 percent of group revenues. Acoustic packages, cockpits, and doors combine to generate 34 percent of group sales, and exhaust systems and front-ends add 16 percent and 7 percent, respectively. Faurecia supplies components to most of the world's major automotive manufacturers, with PSA Peugeot-Citroen and Volkswagen representing its largest customers, at 28 percent and 23.5 percent of sales, respectively. Other significant customers include Renault Nissan, Ford, General Motors, DaimlerChrysler, and BMW. These seven companies represent nearly 95 percent of group sales. Faurecia supports its operations with a worldwide network of subsidiaries, with production facilities in 27 countries and more than 50,000 employees. Faurecia is listed on the Euronext Paris Stock Exchange; PSA remains the company's majority stockholder, with 71 percent of stock.