MATERI’ACT, a company of FORVIA Group in charge of developing low CO2 materials signed a Letter of Intent with GREE Green Recycle Resources, a company of GREE Electric Appliances, to set up by the end of 2024 joint-ventures to develop, manufacture and sell recycled plastics. The objective is to create a best-in-class sustainable material offer, with a sales target of 150,000 tons of compound by 2030. This for the automotive, home appliances and other industrial sectors.
At its second Sustainability Day, held in Paris (France) on March 21, 2024, FORVIA detailed its roadmap to carbon neutrality and its technological solutions for sustainable mobility. In a transparent approach to its stakeholders, the Group presented for the first time its objectives for the entire lifecycle of its products, scope 3.
FORVIA, a pioneer in the decarbonization of the automotive industry
FORVIA has announced today that it will make an offering of €800 million of senior notes due 2029 (the “2029 Notes”) and of senior notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “New Notes”). The completion of the offering of the New Notes is subject to market conditions.
FORVIA, France’s major and 7th world’s-largest automotive technology supplier, announces the appointments of Jill GREENE and MA Chuan to its Executive Committee.
Effective December 19th, 2023, Jill GREENE is appointed Executive Vice-President, Group General Counsel and Board Secretary. She succeeds Nolwenn Delaunay and reports to the CEO of FORVIA Patrick Koller.
French parts supplier Forvia is trying to pull off a tricky balancing act. It wants to offer automakers a range of new electrification products that will help the industry meet its climate targets while also keeping costs down so electric vehicle prices remain accessible to the average consumer. And it's aiming to stick the landing with the right investments as automakers pull back on planned EV rollouts in North America.
FORVIA, the world’s 7th-largest automotive technology supplier, successfully raised JPY19.2 billion – corresponding to c.€123 million - through a three-tranches senior bond issuance on the Japanese market. The three maturities of 2.25 years, 3.25 year and 5 years offer an average coupon of 2.62%.
This transaction represents FORVIA’s first issuance of a “Samurai bond” – yen‑denominated bonds issued by non-domestic issuers as well as the first-ever Samurai bond issuance by an international automotive supplier.
One year after its creation, MATERI'ACT, a company of the FORVIA Group, the world's 7th-largest automotive technology supplier, inaugurated its Headquarters and R&D center in Villeurbanne (France) on November 13, in the presence of Luc Chatel, former Minister and Chairman of the Plateforme Automobile, Gilbert-Luc Devinaz, Senator for the Rhône, Sophie Blachère, Regional Councillor for Auvergne-Rhône-Alpes, Emeline Baume, 1st Vice-President of the Metropole de Lyon and Philippe Valentin, President of the Lyon Saint-Etienne Roanne Chamber of Commerce and Industry.
