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 |
Adient plc is an American Irish-domiciled company that manufactures automotive seating for customers worldwide and is based in Plymouth, Michigan, United States. [3]
Adient was founded as a spin-off from Johnson Controls in 2016, [3] establishing its legal domicile in Dublin, Ireland. [1] Johnson Controls had entered the automotive seating business in 1985 by acquiring Hoover Universal. [4] 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, [5] and which was anticipated to increase the company's revenue by $0.5 billion annually. [3]
In 2016, Adient announced plans to move its global operating headquarters to the Marquette Building in Detroit, [6] but canceled those plans as of June 2018. [7]
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 will 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. [8]
In February 2020 Adient announced it agreed to sell its 30% stake in Yanfeng Global Automotive Interior Systems to Yanfeng Automotive Trim Systems US$379 million. [9] [10]
In March 2020, Adient entered into an agreement to sell its automotive fabrics manufacturing business to Sage Automotive Interiors for $175 million. [11] [12]
As of 2022, Adient employed 70,000 people across 200 manufacturing/assembly plants, [1] in 30 countries. [3] [Nt 1]
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