Faurecia, one of the world leaders in automotive technology headquartered in Nantes, France, is creating a new division dedicated to the development and manufacture of sustainable and intelligent materials.
The new Sustainable Materials division will benefit from Faurecia’s leading positions in the automotive interiors and seating market and from its unique portfolios of materials with ultra-low and negative CO2 emissions, as well as those integrating thermal, acoustic and biomedical technologies.
Leveraging its global footprint, the Sustainable Materials division will work with all business groups and offer a full range of low-CO2 and even CO2-negative materials to OEMs to support their sustainability goals.
Faurecia will capitalize on its experiences in the formulation of biobased materials and their transformation expertise, including the management of low variability.
The company plans to build an R&D center dedicated to sustainable materials and a pilot plant which will both be operational in 2022. The new division will initially employ 125 engineers and more than 400 by 2030.
“With decades of experience in the development of biobased materials, Faurecia intends to increase its contribution to the fight against climate change by investing significantly in the development of materials with a very low CO2 footprint,” said CEO Patrick Koller. “This new division, coupled with a world-class industrial and academic ecosystem, will help us achieve sales targets of €3 billion by 2030 in this area, drive sustainable growth and support efforts to meet our CO2 reduction commitments in 2030.”