Valeo Egypt

Valeo is a French global automotive supplier headquartered in France, listed on the Paris Stock Exchange (CAC-40 Index). It supplies a wide range of products to automakers and the aftermarket. The Group employs 113,600 people in 33 countries worldwide. It has 186 production plants, 59 R&D centers and 15 distribution platforms. Its strategy is focused on innovation and development in high-growth potential regions and emerging countries.[1] In 2018, Valeo's sales rose 4% to €19.1 billion. It also ranked as France's leading patent filer from 2016 to 2018.[2] History The Société Anonyme Française de Ferodo was founded in 1923 in Saint-Ouen, near Paris. It first distributed brake linings and clutch facings under license of Ferodo Ltd UK.[3] In 1932, the company began producing clutches. In the same year, it was listed on the Paris Stock Exchange.[4] In the 1950s, the company expanded outside the Paris area, opening new factories in France. The firm produced braking systems (1961), thermal systems (1962), lighting systems and electrical systems (1971-1978 and 1984).[5]