Faurecia has created a new division to develop and manufacture sustainable and smart materials.
The new division will benefit from Interiors’ and Faurecia Seating’s portfolios in materials with ultra-low and negative CO2 emissions, as well as materials integrating thermal, acoustic and bio-medical technologies.
The Sustainable Materials division will work across Business Groups and propose a full cockpit low CO2 and even CO2 negative materials approach to OEMs to support their sustainability objectives.
Faurecia will use its experience of formulating bio-sourced materials and their transformation background, including low variability management.
Faurecia is planning to build a dedicated Sustainable Materials R&D Centre and a Pilot plant, both operational in 2022.
The new entity will initially employ 125 engineers and more than 400 in 2030.
“With decades of experience in the development of bio-sourced materials, Faurecia plans to increase its contribution to the fight against climate change by investing significantly in the development of materials with very low CO2 footprints,” said Faurecia CEO, Patrick Koller.
“This new innovative division, together with a best-in class industrial and academic ecosystem, will help us achieve sales targets of EUR3bn (US$3.6bn) by 2030 in this field, foster sustainable growth and support efforts to meet our 2030 CO2 reduction commitments.”