On February 9, 2011, France’s Foglia Group, the world’s sixth-largest automotive parts manufacturer, announced that it has regained full profitability and plans to open seven new factories in China.
In 2010, Foglia's global sales increased by 48%, with total sales of 13.796 billion euros. Net profit was EUR 202 million and free cash flow was EUR 222 million. This means that Faurecia is now fully profitable, and the company’s board of directors decided to propose a dividend of 0.25 euros per share at the next general meeting of shareholders held in May 2011.
In 2010, Faurecia's global sales totaled 13.796 billion euros, of which sales of parts and components supplied to automakers was 10.496 billion euros, an increase of 41%. Asian product sales were 968 million euros, an increase of up to 80%. Faurecia's product sales in China totaled 789 million euros, an increase of 71%.
In 2010, Folgaria’s operating profit growth totaled 547 million euros, of which 314 million euros was attributed to sales growth and 188 million euros was attributed to improvement in production efficiency. The newly merged two companies (Emcon Technologies and Plastal) brought in 51 million euros in operating profits for the entire group.
According to reports, within a year, Emcon Technologies has successfully merged with Faurecia Emissions Control Technologies. During 2010, the two parties have realized a savings of 30 million Euros, which greatly exceeds 20 million Euros. The initial indicator. In addition, Faurecia's Exhaust Emission Control Systems Division has entered into a strategic partnership with Cummins Emissions Solutions to better serve the rapidly growing commercial vehicle reprocessing market.
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