s.a. type soci t anonyme traded as euronext fr industry automotive industry founded 1923 headquarters paris france key people jacques aschenbroich ceo pascal colombani chairman products auto parts website www.valeo.com valeo is a multinational automotive supplier based in france providing a wide range of products to auto manufacturers and after markets . it is a member of the cac 40 share index . contents 1 history 2 organisation 3 financial statistics 4 asbestos 5 references 6 external links history edit the soci t anonyme fran aise de ferodo was founded in 1923 in saint ouen a suburb of paris . it first distributed brake linings and clutch facings under license of ferodo uk . the society engaged in a diversification in the 1960s by producing braking systems 1961 thermal systems 1962 and lighting systems 1970 and electrical systems 1978 . in may 1980 the company was renamed valeo which means i am well in latin . valeo then engaged in an aggressive strategy of expansion through many international acquisitions . today valeo is organised into four business groups . recent acquisitions include the engine electronics division of johnson controls in france . the company s sales in china have doubled every four years and the new plant opened in 2013 in yangtze delta region nanjing makes china the leading market for valeo . 1 organisation edit at the end of 2013 the group valeo has a presence in 29 countries employing 74 800 people at 124 production sites 16 research centers 35 development centers and 12 distribution platforms . 2 the valeo group is organized into 4 business groups and 13 product families 3 thermal systems thermal powertrain tpt thermal front end tfe thermal compressor tcp thermal climate control tcc visibility systems lighting systems vls wipers systems vws powertrain systems electrical systems pes transmission systems ptr electronics pel combustion engine pce comfort and driving assistance syst . driving assistance cdv interior controls cic connected car ccc cibi is valeo s sports brand . 4 financial statistics edit sales millions 5 2004 9 229 2005 9 933 2006 10 000 2007 9 689 2008 8 677 2009 7 499 2010 9 632 2011 10 868 2012 11 759 2013 12 110 2014 12 725 2015 14 544 breakdown of sales by business group 2014 powertrain systems 26 % thermal systems 28 % comfort and driving assistance systems 18 % visibility systems 28 % operating margin in % of sales 2007 3.6 % 2008 2.6 % 2009 1.8 % 2010 6.4 % 2011 6.5 % 2012 6.2 % 2013 6.8 % 2014 7.2 % 2015 7.7 % asbestos edit valeo its directors and its corporate medical function have been indicted after a decade long penal procedure in 2006 for homicide unintentional injury and failure to assist a person in danger regarding its former use of asbestos which caused the death of hundreds of employees over many years . 6 7 the valeo group has since set up high health security standards and has been thoroughly monitoring employees and retired personnel . this policy has been ratified in a national agreement with the french government in april 2009 . references edit http www.valeo.com medias upload 2013 07 8797 valeo confident about the chinese market.pdf valeo global presence 2011 valeo.com archived april 20 2010 at the wayback machine . valeoservice.com valeo.com 31 janvier 2014 2006 09 20 . cond sur noireau ravag par un si cle d amiante lib ration . liberation.fr . retrieved 2014 01 31 . justice amiante le m decin du travail mis en examen l express . lexpress.fr . retrieved 2014 01 31 . external links edit official website v t e cac 40 companies of france last update 6 january 2016 accor air liquide airbus group alstom arcelormittal axa bnp paribas bouygues capgemini carrefour cr dit agricole danone edf essilor engie kering l or al lafargeholcim legrand lvmh michelin nokia orange pernod ricard peugeot publicis renault safran saint gobain sanofi schneider electric soci t g n rale solvay technip total unibail rodamco valeo veolia environnement vinci vivendi v t e automotive industry in france automotive industry economy of france transport in france active manufacturers auverland beneteau group microcar bollor de la chapelle exagon iveco bus heuliez bus ligier motob cane nexter panhard pgo psa group citro n peugeot peugeot cycles pvi renault renault trucks acmat renault trucks defense scorpa y.o concept defunct manufacturers aerocarene alpine heuliez lumeneo mia electric simca talbot foreign companies with operations polaris europe aixam gropil industrie volkswagen group france bugatti automobiles components faurecia michelin renault sport sodemo valeo insurance and finance rci banque related topics autoroutes organisation internationale des constructeurs d automobiles paris motor show retrieved from https en.wikipedia.org w index.php title valeo & oldid 739426696 categories auto parts suppliersmanufacturing companies of francecompanies based in pariscompanies established in 1923multinational companies headquartered in francefrench brandscac 40hidden 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