Adient

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]

Adient plc

Company type	Public
Traded as	NYSE: ADNT S&P 600 component
ISIN	IE00BD845X29
Predecessor	Automotive Experience division of Johnson Controls International[1]
Founded	October 31, 2016; 8 years ago (2016-10-31)[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.com

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]

concept vehicle by Adient

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]}

Notes

1. It is unclear whether this number includes assets acquired through Futuris.