Adient has announced its debut as an independent, publicly traded corporation and the completion of its separation from Johnson Controls International. The company's shares began trading today on the New York Stock Exchange.
Adient is one of the world's largest global automotive seating suppliers, supporting all major automakers. With 75,000 employees, the company operates 230 manufacturing & assembly plants in 33 countries. It claims to be well-positioned in China where it has 17 seating joint ventures (JVs) operating 60 manufacturing locations in 32 cities.
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Adient's chairman and CEO Bruce McDonald and other executives participated in the opening bell-ringing ceremony on the NYSE floor.
Adient plans to increase investments in innovative products and technologies that address trends such as autonomous driving, electrification, slim and lightweight seating, and consumer personalisation.
The company also expects to take advantage of opportunities in adjacent markets outside of the traditional automotive industry.
The separation followed the completion of Johnson Controls' merger with Tyco last month.
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