Faurecia to Build New Automotive Seating Plant in China

NANTERRE, FRANCE – July 19, 2011: Faurecia announces today the signing of a project investment agreement with the Yancheng Economic and Technology Development Zone in Yancheng (Jiangsu, China) in order to further develop its seat mechanisms activities –where it holds the #1 position worldwide– in China and export markets.

Under the terms of the agreement, Faurecia will build a new automotive seating plant in the Yancheng Economic and Technology Development Zone to manufacture seat mechanisms. Faurecia expects to invest USD 42 million (EUR 30 million) and plans to manufacture up to 4 million seat mechanism sets per year. The construction of the new Faurecia plant will start by the end of 2011 and will cover some 22,000 sqm. Full production levels shall be reached by the summer of 2013.

Faurecia and the Yancheng Economic and Technology Development Zone have formalized the agreement during a signing ceremony in Yancheng on July 7, 2011 in presence of Wang Lianchun, Director of the Yancheng Economic and Technology Development Zone, Jean-Michel Vallin, President of Faurecia (China) Holding and Yann Delabrière, Chairman and CEO of Faurecia Group.