Adient has opened a new corporate office in Shanghai, with the 280 staff responsible for corporate and business functions including finance, treasury, tax, legal, IT, HR, procurement, quality, programme management, business development, operations and R&D.
Adient debuted as an independent, publicly traded company after its separation from Johnson Controls in October last year and recently announced the opening of its West Coast business office in San Jose, California, as well as an investment plan to establish the company’s global headquarters in Detroit’s downtown district.
“China is an important part of Adient’s growth strategy and this move reaffirms our commitment to invest in China,” said Adient chairman and CEO, Bruce McDonald.
“The opening of our new corporate office in Shanghai signifies an important move for us as we look drive global and profitable growth and, ultimately, bring value to our shareholders, customers and employees.”
Adient has 31,000 employees and 17 seating joint ventures operating 64 manufacturing plants in 34 cities across China. In fiscal year 2016, Adient generated US$7.5bn in sales revenue in China, mostly from unconsolidated joint ventures.
The company is now the largest global automotive seating supplier in China, supporting all major automakers.
In China, Adient has a 30%/70% global interiors joint venture, known as Yanfeng Automotive Interiors. This is a JV with Yanfeng Automotive Trim Systems Co, a wholly-owned subsidiary of Huayu Automotive Systems Co (HASCO), the component group of SAIC Motor Corporation Limited (SAIC Motors).
The joint venture is the largest automotive interiors company in the world with revenue of around US$8.5bn with a backlog to reach US$10bn in the next few years.
In addition to Shanghai, China, Adient also has corporate offices in Plymouth, Michigan, Burscheid, Germany and Milwaukee, Wisconsin.