“Faurecia Crouse Advanced Exhaust System Co.” (FCAES) joint-venture agreement for emissions control systems was signed in Paris between Faurecia and MAAD, a Crouse and Avrand joint-venture. This new agreement was signed in the presence of the Ambassador of the Islamic Republic of Iran in France,founders of Crouse and Avrand,CEO of Faurecia, and Executive Vice-President of Faurecia Emissions Control Technologies.FCAES, the 50/50 Faurecia – MAAD joint-venture will develop and produce emissions control systems for the Iranian automotive market. The joint-venture will cover both hot end and cold end emissions control systems, based on Euro 5 standard, with first local production scheduled to start at the end of 2017. Total sales will reach€50m by the year 2020. In time, we hope to make a meaningful contribution to reducing pollution by introducing new, technologically advanced products meeting global standards