French automotive supplier Faurecia has outlined its plans to double sales in China over the next four years and to maintain its high profitability.
At its Investor Day held in Shanghai last month, the group said it is planning to grow twice as fast as the market to reach total sales of more than €4bn by 2018, up from an estimated €2.3bn targeted for this year.
Faurecia said this will be achieved through a strategy of continued growth with international automakers and strengthening relationships with Chinese automakers, including partnership agreements such as that which the group already has since April 2013 with Chang’an Automobile Group, one of China’s largest automobile groups.
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