Faurecia forms two JVs in Iran
With the latest JVs, now all three business units of the French supplier is present in Iran
French automotive supplier Faurecia has formed two joint-ventures (JV) in Iran, the company said in a press release on Friday (2 December). The company’s first 50:50 JV with MADD, called Faurecia Crouse Advanced Exhaust System Co. (FCAES), will develop and produce emission control systems for Iranian automotive market.
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