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July 26, 2018 12:00 am | FILED UNDER: business

Faurecia Automotive Profit Up 238%

By ČTK

Pisek, South Bohemia, July 26 (CTK) – Faurecia Automotive Czech Republic, a company focused on exhaust systems, raised its after-tax profit by 238 percent to Kc446.5m in 2017, while its sales fell by 28 percent to Kc15.1bn, according to the company’s annual report.

 

Faurecia Automotive Czech Republic, established in 2006, increased its operating profit by 50 percent to Kc250.8m last year.

 

Faurecia group, including the Pisek-based Faurecia Automotive Czech Republic, is the world’s sixth largest car industry supplier.

 

Last year, Faurecia Automotive Czech Republic transferred the VW Caddy Diesel project to the Faurecia Emissions Control Technologies plant in Mlada Boleslav, central Bohemia, moving a few other projects for Daimler, BMW and Opel to Germany.

 

This year, Faurecia Automotive Czech Republic wants to get stabilised economically, and adjust its production setting, the annual report said.

 

Its key clients are PSA, Volvo, Ford and Fiat.

 

The number of Faurecia Automotive Czech Republic’s regular staff members decreased by 21 percent to 550 last year.

 

Faurecia has seven plants in the Czech Republic. It employs some 5,000 people in the country, Lenka Hauptmanova from Faurecia’s marketing department said.

 

The French group has branches in 36 countries, employing some 100,000 people in 330 plants.

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