Adient
American automotive parts manufacturer From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Public |
|---|---|
| ISIN | 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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History
Summarize
Perspective
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]
Notes
- It is unclear whether this number includes assets acquired through Futuris.
References
External links
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