Faurecia, one of the world’s leading automotive equipment suppliers, announced a new phase of its development in Portugal with the extension of its emissions control technologies industrial footprint in Bragança (Portugal).
The investment agreement was officially signed today by Christophe Schmitt, Executive Vice-President of Faurecia Emissions Control Technologies and Paulo Portas, Deputy Prime Minister of Portugal, in presence of Pedro Gonçalves, Secretary of State for Innovation, Investment and Competitiveness and Hernâni Dias, Mayor of Bragança.
The new investment covers the extension of the existing Faurecia manufacturing footprint in Bragança with the construction of a new production building covering a total surface in excess of 10,000 square meters and the creation of 400 new jobs by 2017. Annual total sales of this new plant are expected to reach €375 million in 2018.
The new plant will manufacture state-of-the-art emissions control technologies such as nitrogen oxides (NOx) reduction systems for diesel engines and hot-end exhaust lines. Industrial processes include canning, tube bending and forming, welding and assembly. Start of production is scheduled for September 2016, for delivery to European automakers Jaguar Land Rover, Nissan and Renault. Recruitment for the new plant is already ongoing and will cover both direct and indirect labor.
“With this new long-term investment in Bragança, Faurecia further confirms its confidence in the Portuguese economy, both as an investment and production location. The experience gained by Faurecia in the region is instrumental to the ongoing success of our operations with our customers in France, Spain and the United Kingdom. I am proud to contribute to the revival of the Portuguese industrial and economic landscape, with a skilled and reliable workforce”, stated Christophe Schmitt.
Faurecia, active in Bragança since 2001, is the by far the largest employer and exporting company in Bragança with almost 100% of the Group’s production exported to European manufacturing sites of key automakers located in France, Spain and UK. In 2014, Faurecia in Bragança generated total sales of €315 million and currently employs over 720 people.
Faurecia is a key player in the Portuguese automotive industry and has been present in the country since 1951. The Group employs over 3,700 people at six plants (Bragança, Nelas, Palmela, two in São João da Madeira, and Vouzela) serving automakers in Portugal and abroad, generating annual total sales of €650 million (2014), with an 88% share of exports.
Faurecia is one of the world's largest automotive equipment suppliers with four Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2014, the Group posted total sales of €18.8 billion. At December 31, 2014, Faurecia employed 100,000 people in 34 countries at 330 sites and 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit: www.faurecia.com
Executive Vice-President, Faurecia Clean Mobility
Christophe Schmitt, born in 1959 in Selestat (France), graduated from the University of Colmar (France) where he obtained a Degree in Economics and Controlling (1988) as well as Business Management[...]