The French spare parts supplier Faurecia Group said recently that it expects annual sales growth of 3 to 4 percentage points in the next few years. By 2015, sales will reach 20 billion euros (27.6 billion US dollars), compared with 2011. This is an increase of 25%.
To achieve this goal, Faurecia will continue to expand in the Asian market, mainly in China and South Korea, and will further consolidate its position in the North American market.
Yann Delabriere, president of Faurecia Group, said that the Group’s strategic development will still rely on four key businesses: automotive seating, interior systems, emission control technologies and automotive exteriors. These four businesses of Foglia are in the global market. Ranked in the top three.
The Faurecia Group is also very steadfast in stating that it will achieve an operating profit margin of 5%-6% by 2014, as the current group of potential contract projects has a total value of 34 billion euros (US$46 billion).
To achieve this goal, Faurecia will continue to expand in the Asian market, mainly in China and South Korea, and will further consolidate its position in the North American market.
Yann Delabriere, president of Faurecia Group, said that the Group’s strategic development will still rely on four key businesses: automotive seating, interior systems, emission control technologies and automotive exteriors. These four businesses of Foglia are in the global market. Ranked in the top three.
The Faurecia Group is also very steadfast in stating that it will achieve an operating profit margin of 5%-6% by 2014, as the current group of potential contract projects has a total value of 34 billion euros (US$46 billion).
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