Press Release

Shanghai, July 4, 2013

Faurecia reinforces its commitment to localizing innovation and engineering resources in China with the opening of its new Tech Center in Shanghai

Continuing on its successful growth path in China, Faurecia, the world's sixth largest automotive equipment supplier, today celebrated the opening of its new Tech Center and China headquarters in Shanghai. The Group's aim is to further deepen its R&D capabilities and engineering localization in the world's largest automotive market. The new Tech Center and headquarters of Faurecia China was officially inaugurated in the Xin Zhuang Industrial Zone, Shanghai (Minhang), in the presence of Yann Delabrière, Chairman and CEO of Faurecia, Jean-Michel Vallin, President of Faurecia China, Mr. Sun Chao, Party Chief of Shanghai Minhang District, Mr. Cai Xiaoqing, Vice Governor of Shanghai Minhang District and Emmanuel Lenain, French General Consul in Shanghai.
Covering around 18,000 square meters, the new Faurecia China Tech Center is comprised of two buildings, the Tech Center and Training Center. The Tech Center includes five labs (testing lab, acoustics lab, airbag lab, complete seat lab and quality inspection lab), an industrial design facility, two showrooms and various prototype workshops, including the laser welding workshop.
In addition to being used as Faurecia China's primary center for program management, the new facility will serve as the R&D hub for three of the Group's four main business divisions: Automotive Seating, Interior Systems, and Automotive Exteriors. The total number of project technicians and engineers for these three core businesses will be increased from 500 to 800. The Group also has a dedicated emissions control Tech Center in Shanghai (Minbei), employing some 200 R&D professionals.
Faurecia first started its operations in China almost 20 years ago, when it began production of emissions control systems. Today, all four Faurecia business groups have a presence in the country, in all six of the automotive regions. Faurecia has grown rapidly in the country and now has an extensive footprint of 39 industrial sites and four R&D centers - with 700 engineers - employing a total of 8,500 people in the country. Since 2009, Faurecia has tripled its revenues to reach €1.5 billion last year and targets to double again by
2016 to €3.3 billion or 15% of the Group's sales.
As a global technology leader, Faurecia relies on its expertise in innovation, engineering and manufacturing to develop its four businesses: automotive seating, emissions control technologies, interior systems and automotive exteriors. The inauguration of the new China Tech Center and headquarters is an important step forward in the development of strong wholly-owned R&D capabilities for Faurecia in China enabling the company to better meet the needs of this dynamic and rapidly evolving market with world class engineering and R&D capabilities.

"The future growth phase of Faurecia in China will be increasingly oriented to developing technologies, solutions and products adapted to the local needs and regulatory requirements, and to building our business with Chinese automakers. We are rapidly confirming our status as a full-service supplier to both our international and Chinese customers and, in the future, we will be able to perform advanced development and innovation, specifically for the Chinese market," said Yann Delabrière, Chairman and CEO of Faurecia.

Faurecia's development in China is based on four key trends: