The deal has led to the formation of Automotive Performance Materials (APM), which aims to develop and produce bio-sourced raw materials to build on the advances already made by Faurecia in creating lighter, cleaner vehicles.
The new company will draw on the assets of France’s industrial and agricultural sectors through innovative, performance products in developing industrial uses for natural fibres such as hemp. APM aims to supply the automotive industry through Faurecia and other companies involved in plastics engineering.
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