FAURECIA
Automotive supplier expects balanced result
Pierre Levi, CEO of Faurecia (F-92641 Boulogne-Billancourt; www.faurecia.com), predicts a more or less balanced net result for the company. “The first six-months of 2002 will be up on the second six months of 2001,” announced the CEO at the general meeting of the group, in which PSA Peugeot Citroen has a 71.53% stake.
Faurecia, which recorded a 16% reduction in its net loss, to EUR 52m, in 2001 announced the closure of four factories in Europe and the US in February, as well as various restructuring measures in other British, French and German facilities, involving the loss of 1,800 jobs by mid-2003. The CEO was very confident that the measures launched would re-establish the group´s growth and profitability. The company has decided to transfer its headquarters to Nanterre (Hauts-de-Seine).
Faurecia, which recorded a 16% reduction in its net loss, to EUR 52m, in 2001 announced the closure of four factories in Europe and the US in February, as well as various restructuring measures in other British, French and German facilities, involving the loss of 1,800 jobs by mid-2003. The CEO was very confident that the measures launched would re-establish the group´s growth and profitability. The company has decided to transfer its headquarters to Nanterre (Hauts-de-Seine).
13.06.2002 Plasteurope.com [15968]
Published on 13.06.2002