Adient plc is an American Irish-domiciled company that manufactures automotive seating for customers worldwide and is based in

Plymouth, Michigan Plymouth is a city in Wayne County, Michigan, United States. The population was 9,370 at the 2020 census. The city of Plymouth is surrounded by Plymouth Township, but the two are administered autonomously. Plymouth is a western suburb of Metro ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

. , Adient was the world's largest auto seat manufacturer, accounting for one-third of the markets global revenue and providing components for 25 million vehicles.

History

Adient was founded as a spin-off from

Johnson Controls Johnson Controls International is an American Irish-domiciled multinational conglomerate headquartered in Cork, Ireland, that produces fire, HVAC, and security equipment for buildings. As of mid-2019, it employed 105,000 people in around 2,00 ...

in 2016, establishing its legal domicile in

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 c ...

, Ireland. Johnson Controls had entered the automotive seating business in 1985 by acquiring Hoover Universal. In September 2017, Adient acquired the

Oak Park, Michigan Oak Park is a city in Oakland County in the U.S. state of Michigan. As of the 2020 census, the population of Oak Park was 29,560. As a northern suburb of Metro Detroit, Oak Park shares its southern border with the city of Detroit. History This ...

-based automotive seat manufacturer Futuris from Clearlake Capital, which added 15 facilities in Asia and North America, including one facility based in

Newark, California Newark is a city in Alameda County, California, United States. It was incorporated as a city in September 1955. Newark is an enclave, surrounded by the city of Fremont. The three cities of Newark, Fremont, and Union City make up the Tri-City ...

, and which was anticipated to increase the company's revenue by $0.5 billion annually. , Adient employed 86,000 people across 250 manufacturing/assembly plants, in 34 countries.It is unclear whether this number includes assets acquired through Futuris. In 2016, Adient announced plans to move its global operating headquarters to the Marquette Building in

Detroit Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at t ...

, but canceled those plans as of June 2018. Passenger Experience Week 2018, Hamburg (1X7A3686)

In January 2018, a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

was formed by Adient (50.01%) and

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and p ...

(49.99%) to develop and manufacture

airliner seat An airline seat is a seat on an airliner in which passengers are accommodated for the duration of the journey. Such seats are usually arranged in rows running across the airplane's fuselage. A diagram of such seats in an aircraft is called an ...

s for new installations or

retrofit Retrofitting is the addition of new technology or features to older systems. Retrofits can happen for a number of reasons, for example with big capital expenditures like naval vessels, military equipment or manufacturing plants, businesses or go ...

, a $4.5 billion market in 2017 which will grow to $6 billion by 2026, to be based in Kaiserslautern near

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...

and distributed by Boeing subsidiary Aviall, with its customer service center in

Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest regio ...

. In February 2020 Adient announced it agreed to sell its 30% stake in

Yanfeng Global Automotive Interior Systems SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the " Big Four" state-owned car manu ...

to Yanfeng Automotive Trim Systems US$379 million. In March 2020, Adient entered into an agreement to sell its automotive fabrics manufacturing business to Sage Automotive Interiors for $175 million.

Notes

References

External links

* * {{Authority control Corporate spin-offs Manufacturing companies established in 2016 Johnson Controls Auto parts suppliers of Ireland Manufacturing companies based in Michigan Companies listed on the New York Stock Exchange Manufacturing companies based in Dublin (city) Tax inversions