Company:Adient
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| Type | Public |
|---|---|
| ISIN | [https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=IE00BD845X29 IE00BD845X29] |
| Predecessor | Automotive Experience division of Johnson Controls International[1] |
| Founded | October 31, 2016[1] |
| Headquarters | Plymouth, Michigan, U.S. |
Number of locations | 200 manufacturing/assembly plants (2022)[1] |
Area served | Worldwide |
Key people | Jerome Dorlack (CEO)[2] |
| Revenue | US$14.1 billion (2022)[1] |
Number of employees | 70,000 (2022)[1] |
| Website | adient |
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Adient plc is an American, Irish-domiciled company that operates as the largest[3] manufacturer of automotive seating for customers worldwide and is based in Plymouth, Michigan, United States.[4]
History
Adient was founded as a spin-off from Johnson Controls in 2016,[4] establishing its legal domicile in Dublin, Ireland.[1] Johnson Controls had entered the automotive seating business in 1985 by acquiring Hoover Universal.[5] In September 2017, Adient acquired the Oak Park, Michigan-based automotive seat manufacturer Futuris from Clearlake Capital, which added 15 facilities in Asia and North America, including one facility based in Newark, California,[6] and which was anticipated to increase the company's revenue by $0.5 billion annually.[4]
In 2016, Adient announced plans to move its global operating headquarters to the Marquette Building in Detroit,[7] but canceled those plans as of June 2018.[8]
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In January 2018, a joint venture was formed by Adient (50.01%) and Boeing (49.99%) to develop and manufacture airliner seats for new installations or retrofit, a $4.5 billion market in 2017 which was then forecast to grow to $6 billion by 2026, to be based in Kaiserslautern near Frankfurt and distributed by Boeing subsidiary Aviall, with its customer service center in Seattle.[9]
In February 2020 Adient announced it agreed to sell its 30% stake in Yanfeng Global Automotive Interior Systems to Yanfeng Automotive Trim Systems for US$379 million.[10][11]
In March 2020, Adient entered into an agreement to sell its automotive fabrics manufacturing business to Sage Automotive Interiors for $175 million.[12][13]
As of 2022, Adient employed 70,000 people across 200 manufacturing/assembly plants,[1] in 30 countries.[4][Nt 1]
Manufacturing facilities
Africa
| Country | Nearest city | Park / Zone Name | Lot / Building Number | Address | Location | Supplying |
|---|---|---|---|---|---|---|
| Morocco | Kénitra | Atlantic Free Zone | Lots 13.19-13.20 | - | Ameur Seflia | Stellantis Kenitra Plant |
| Morocco | Tiflet | Parc Industriel Tiflet Aïn Johra | Lot 104-106 | - | Aïn Johra | Stellantis Kenitra Plant |
| Lesotho | Maseru | HI Tikoe Industrial Estate | - | Kofi Anan Road | Maseru | ? |
| South Africa | Pretoria | Automotive Supplier Park | Building F4 & F5 | 30 Helium Road | Rosslyn, Tshwane | Nissan South Africa
BMW South Africa |
| South Africa | Pretoria | Samcor Park | - | 79 Waltloo Road | Silverton, Tshwane | Ford Motor Company of Southern Africa |
| South Africa
(Foam) |
Pretoria | - | - | 328 Marks Street | Waltloo, Tshwane | Ford Motor Company of Southern Africa |
| South Africa
(PASDEC) |
Gqeberha | Neave Industrial Park | - | 20 Bennett Street | Korsten, Nelson Mandela Bay | Isuzu Motors South Africa
Volkswagen of South Africa |
| South Africa
(CRH Africa Automotive) |
Gqeberha | Neave Industrial Park | - | 2 Newbolt Street | Korsten, Nelson Mandela Bay | Isuzu Motors South Africa
Volkswagen of South Africa |
Asia
(under construction)
| Country | Nearest city | Park / Zone Name | Lot / Building Number | Address | Location | Supplying |
|---|---|---|---|---|---|---|
| Thailand
(& Summit) |
Chachoengsao | - | - | 1 Moo 2 | Tha Sa-An Subdistrict, Bang Pakong District, Chachoengsao Province | Toyota Motor Thailand - Ban Pho Plant |
| Thailand
(& Summit) |
Laem Chabang | Pinthong Industrial Alley | - | - | Nong Kham Subdistrict, Si Racha District, Chon Buri Province | Mitsubishi Motors (Thailand)
Ford Thailand Manufacturing Great Wall Motor Manufacturing (Thailand) BMW Manufacturing (Thailand) |
| Thailand
(& Summit) |
Laem Chabang | WHA Chonburi Industrial Estate 1 | - | 92 Bo Win | Bo Win Subdistrict, Si Racha District, Chon Buri Province | Mitsubishi Motors (Thailand)
Ford Thailand Manufacturing Great Wall Motor Manufacturing (Thailand) BMW Manufacturing (Thailand) |
| Thailand
(& Summit) |
Laem Chabang | Laem Chabang Industrial Estate | - | 49/68 Moo 5 | Thung Sukhla Subdistrict, Si Racha District, Chon Buri Province | Mitsubishi Motors (Thailand) |
| South Korea | Asan | - | - | 461 Yongdu-ri | Tangjung myeon, Chungcheongnam-do, Asan-si | Hyundai Asan Plant |
| South Korea | Busan | Noksan Industrial Complex | 29, 167 beon-gil | 1518 Songjeong-dong | Gangseo-gu, Busan | Renault Korea |
| Malaysia | Malacca | Hicom Pegoh Industrial Park | Lot 5010 (PT1762) | Jalan Perindustrian 3 | Taman Perindus, Alor Gajah | Honda Malaysia |
| Indonesia | Purwakarta | Kota Bukit Indah Industrial Estate | Blok HII No. 8 - 11 | - | Dangdeur, Purwakarta Regency | Hino Motors Manufacturing Indonesia
National Assemblers Astra Honda Motor |
| India | Bengaluru | Toyota Kirloskar Motor On Site Supplier Park (TKM OSS Park) | Plot No. 1 | - | Bidadi, Karnataka | Toyota Kirloskar Motor |
| India | Chennai | Ford India Supplier Park | Plot No. 2 | - | Maraimalai Nagar, Tamil Nadu | Ford India |
| India | Lucknow | UPSIDC Industrial Area | E11 | Deva Road | Chinhat, Lucknow, Uttar Pradesh | Tata Motors - Lucknow Plant |
| China | Beijing | Linhe Industry Development Zone | - | No. 1 Linhe South Road | Shunyi District, Beijing | Beijing
Beijing Hyundai |
| China | Changchun | Changchun Economic and Technological Development Zone | - | 4736 Dongnanhu Avenue / 4736 East South Lake Road | Changchun, Jilin | FAW
FAW Toyota - Changchun Plant FAW-Volkswagen - Changchun Plants |
| China | Guangzhou | - | - | 40 Xiaohu North 2nd Road | Huangge Town, Nansha District, Guangdong | GAC
GAC Toyota GAC Honda |
| China | Hangzhou | Qianjin Industrial Park | Building 6 | 222 Lvyin Road | Hangzhou, Zhejiang | Geely Qiangtang plant
Geely Hangzhou Bay DMA plant |
| China | Hefei | Feixi Economic Development Zone | - | 1 Chenying Road | Hefei, Anhui | JAC
Volkswagen Anhui |
Europe
(under construction)
| Country | Name | Location |
|---|---|---|
Untitled
North America
(under construction)
| Country | Name | Location |
|---|---|---|
| United States | Adient Greenfield | Greenfield, Ohio |
Untitled
South America
(under construction)
| Country | Name | Location |
|---|---|---|
Untitled
Oceania
(under construction)
| Country | Name | Location |
|---|---|---|
Notes
- ↑ It is unclear whether this number includes assets acquired through Futuris.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Wong, Wilson Kia Onn (2017). "The global automotive seats industry". Automotive Global Value Chain: The Rise of Mega Suppliers. Routledge Advances in Management and Business Studies. Routledge. pp. 87. ISBN 9781315300979. OCLC 1003268557. https://books.google.com/books?id=gUIwDwAAQBAJ.
- ↑ "Adient President and CEO Doug del Grosso announces retirement; CFO Jerome Dorlack to be appointed leader of seating supplier" (Press release).
- ↑ "Adient Is A Leader in Seating". 3 May 2024. https://www.morningstar.com/company-reports/1221523-adient-is-a-leader-in-seating.
- ↑ 4.0 4.1 4.2 4.3 "Adient Earnings Release". Adient Investors Website. November 2023. https://investors.adient.com/news-releases/2023/08-02-2023-115015946.
- ↑ Daniels, Lee A. (1985-03-05). "Johnson Buying Hoover Universal". The New York Times. ISSN 0362-4331. https://www.nytimes.com/1985/03/05/business/johnson-buying-hoover-universal.html.
- ↑ Loan Programs Office (January 2016). Driving Economic Growth: Advanced Technology Vehicles Manufacturing (Report). United States Department of Energy. p. 2. https://energy.gov/sites/prod/files/2016/02/f29/DOE-LPO_Mini-Reports_004_ATVM-Driving-Economic-Growth_FINAL_Jan-2016.pdf. Retrieved 6 January 2018.
- ↑ Wayland, Michael (30 November 2016). "Adient moving to downtown Detroit's Marquette Building". The Detroit News. http://www.detroitnews.com/story/business/autos/2016/11/30/adient-marquette-building/94667058/.
- ↑ "Auto supplier Adient cancels move to downtown Detroit. Here's why." (in en). Detroit Free Press. https://www.freep.com/story/money/business/michigan/2018/06/18/auto-supplier-adient-cancels-detroit-move/710554002/.
- ↑ "Boeing, Adient Launch New Company to Design and Build Airplane Seats" (Press release). Adient. 16 January 2018 – via PRNewswire.
- ↑ "Adient enters into agreement with joint venture partner Yanfeng to restructure existing joint venture relationships and drive shareholder value" (in en-US). https://finance.yahoo.com/news/adient-enters-agreement-joint-venture-113000626.html.
- ↑ "Adient to sell stake in Yanfeng Global Automotive - International Leather Maker" (in en). 3 February 2020. https://internationalleathermaker.com/news/fullstory.php/aid/7949/Adient_to_sell_stake_in_Yanfeng_Global_Automotive_.html.
- ↑ "Adient enters into settlement to promote its materials enterprise" (in en-US). 2020-03-09. https://carenthusiastworld.com/adient-enters-into-settlement-to-promote-its-materials-enterprise/.
- ↑ "Adient enters into agreement to sell its fabrics business | Automotive World". 6 March 2020. https://www.automotiveworld.com/news-releases/adient-enters-into-agreement-to-sell-its-fabrics-business/.
External links
- Official website
- Business data for Adient:
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