What Faraero & Farform does

Faraero & Farform Otomotiv is a Turkey-headquartered automotive parts manufacturer operating as two entities under Fark Holding, supplying OEM and Tier-1 vehicle manufacturers globally with plastic and composite interior trim, exterior trim, and body under parts for passenger, light commercial, heavy commercial, and L-class electric vehicles. Founded in 1968 and with over 50 years of industry experience, the company employs 2,500+ people across 12 production facilities and 5+ R&D centers, headquartered in Başiskele, Kocaeli, Turkey. Faraero specializes in thermoformed high-density polyethylene (HDPE) products — including being the world's first plastic loadliner manufacturer for closed-cabin commercial vehicles and Europe's only plastic bedliner maker for pickup vehicles — while Farform operates ABS, polyurethane, and composite production lines using fully automatic forming and robotic cutting.

The company's technology stack spans thermoforming vacuum technology, plastic injection molding on medium/high tonnage machines, polyurethane processing, and composite technology using 100% recyclable polymers, natural fibers, and felts. Notable engineered products include the Composite Partition (30% weight reduction and 25-35% cost advantage versus metal, used in Ford Transit V363 and awarded the 2020 FORD Excellence Award), single-piece HDPE loadliners up to 2.8m x 4.4m, UV-resistant self-colored exterior trim, and air duct assemblies for commercial vehicles and buses. The Farform R&D Center, officially recognized by the Turkish Ministry of Industry in June 2020, focuses on material, method, and design innovation, filing intellectual-industrial property applications annually and collaborating with universities and industry partners.

The business model is direct B2B OEM/Tier-1 supply under long-term commercial contracts, with revenue derived from hardware sales of plastic and composite parts integrated into vehicle assembly lines worldwide. Pricing is negotiated privately per program and not publicly disclosed. Distribution is exclusively direct — no retail, e-commerce, or third-party channel partners — with global reach to automotive OEMs (Ford being the named reference customer) and Tier-1 system suppliers. Certifications include IATF 16949:2016, ISO 9001:2015, ISO 14001, and ISO 27001, supporting qualification into major OEM supply chains.

Name

Faraero & Farform

Legal name

Faraero & Farform Otomotiv

Website

https://faraero.com.tr

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

51–100 employees

Short description

Faraero & Farform Otomotiv is a Turkey-based automotive Tier-1/OEM supplier under Fark Holding, manufacturing plastic and composite interior trim, exterior trim, and body under parts for passenger, commercial, and L-class electric vehicle manufacturers globally, with 2,500+ employees across 12 facilities.

Ownership category

akta.pro rank

Product category

Automotive Parts Manufacturing

akta.pro primary industry

Automotive Interior Comfort & Convenience Components Manufacturing (Armrests/Cupholders/Storage/Interior Hardware) (IMACAKAJ)

Keywords

• Automotive parts manufacturing
• Thermoformed components
• Composite manufacturing
• Plastic injection molding
• OEM automotive supplier

Headquarters

HQ city

Kocaeli

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. OEM Automotive Parts Supply: Faraero & Farform generate revenue as OEM and Tier-1 system suppliers to global automotive manufacturers. They produce and supply plastic and composite parts (thermoforming, injection, composite, accessories, air ducts) for passenger, light commercial, heavy commercial and L-class electric vehicles. Revenue comes from long-term supply contracts with automotive OEMs and Tier-1 suppliers worldwide.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Faraero & Farform manufactures automotive components through thermoforming, composite production, plastic injection molding, air duct fabrication, and accessories for OEM and Tier-1 automotive customers. The company operates 12+ production facilities and 5+ R&D centers under Fark Holding, supplying global automakers from its base in Başiskele, Kocaeli, Turkey.

Product overview

Faraero & Farform is an automotive parts manufacturer consisting of two companies under one roof: Faraero Otomotiv (specializing in high-density polyethylene) and Farform Otomotiv (specializing in ABS, polyurethane, and composite materials). Faraero operates the Thermoform Vacuum group producing loadliners, engine undercovers, and bedliners, while Farform operates composite technology and plastic injection manufacturing. The product portfolio includes: (1) Termoform products - vacuum-formed interior trim, exterior trim, and underbody parts using HDPE/ABS materials; (2) Kompozit (Composite) - high-strength lightweight parts using 100% recyclable polymers and natural fibers for partitions, headliners, and structural panels; (3) Plastik Enjeksiyon (Plastic Injection) - medium and high tonnage injection molded parts for interior trim; (4) Hava Kanalı (Air Duct) - HVAC air distribution systems for commercial vehicles and buses; (5) Aksesuar (Accessory) - ABS/HDPE accessory parts for pickup and SUV vehicles including bedliners, fender protections, and skirt protections. The company also operates a dedicated R&D Center focused on material innovation, design optimization, and lightweight vehicle technologies. Farform was acquired by Fark Holding in 2006.

Differentiator

Problem solved

Functional benefit

Products and services

• Thermoformed Automotive Components Manufactured automotive interior and exterior parts produced via thermoforming processes, supplied to OEM and Tier-1 automotive customers.
• Composite Automotive Components Composite-material automotive components manufactured in-house, supplied to OEM and Tier-1 automotive customers.
• Plastic Injection Molded Parts Plastic injection-molded automotive components, supplied to OEM and Tier-1 automotive customers.
• Automotive Air Ducts Manufactured air duct components for automotive HVAC and engine applications, supplied to OEM and Tier-1 customers.
• Automotive Accessories Accessory automotive components produced in-house, supplied to OEM and Tier-1 automotive customers.

Quantifiable outcome

• 30% weight reduction achieved with Composite Partition vs metal partition
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Ford Motor CompanycoreStrategic or Co-development Partner · 1 January 2020Ford Motor Company awarded Faraero & Farform the 2020 FORD Excellence Award for the Composite Partition product developed for the Ford Transit V363 model. This product replaces the aluminum partition in light commercial vehicles, achieving 30% weight reduction and 25-35% cost advantage.
• Fark HoldingcoreStrategic or Co-development Partner · 1 January 2006Faraero & Farform are part of the Fark Holding group of companies. Farform was acquired by Fark Holding in 2006. Fark Holding is one of the world's largest multinational automotive material manufacturers, blending technology with innovation and developing, supporting and investing in businesses in mobility, sustainability, healthcare and new technologies. Forbes listed Fark Holding as one of the 20 most innovative companies in Turkey in 2021.
• Universities, Technology Centers, and Industry PartnerssupportingTechnology or IntegrationFarform R&D Center develops new generation products in collaboration with various universities, technology centers and industry partners. Projects are developed using 100% recyclable polymers, natural fibers and felts, with new methods researched through analysis of target market, trends and technologies.
• FARPLAS Facilities (Within Fark Holding)supportingTechnology or IntegrationWithin the group, FARPLAS facilities provide access to a wide range of injection machinery that complements Faraero & Farform's production capabilities. If parts produced in thermoforming processes need to be produced via injection, service continues without any product-supplier change.
• Arya WIP (Women Investment Platform)supportingStrategic or Co-development PartnerArya WIP was founded by Fark Holding Chairman Ahu Büyükkuşoğlu Serter in 2003 with the vision of 'Changing the world under women's leadership'. It is an association intelligence platform that supports women entrepreneurs with investment, training, events, mentoring and consultancy programs and empowers women leaders.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Gestamp Automocion: Spanish Tier-1 supplier of metal and composite automotive components, primarily serving European OEMs. Comparable on lightweight body and chassis components, with European geographic focus similar to Faraero's strongest market.

Broad incumbents

• Continental Automotive: German automotive Tier-1 supplier with broad interior, surface, and plastic-component solutions. Comparable as a much larger incumbent serving the same global OEM customers with overlapping interior trim and surface-materials technology.
• Faurecia (now Forvia): French Tier-1 automotive supplier with major interior systems, seating, and clean mobility businesses. Comparable as a much larger incumbent that supplies similar interior trim and lightweight composite components to the same global OEMs as Faraero.
• Magna International: Canadian Tier-1 supplier with extensive automotive plastics, exteriors, and complete vehicle engineering. Comparable as a broad incumbent whose Magna Exteriors and Cosma divisions overlap directly with Faraero's plastic/composite exterior and body-under-part portfolio.

Direct peers

• Samvardhana Motherson International: Indian-headquartered global Tier-1 supplier of automotive interior and exterior modules. Comparable as a direct OEM supplier of polymer/composite trim components serving global passenger and commercial vehicle programs at scale similar to Faraero.
• Plastic Omnium: French global leader in automotive exterior and interior plastic/composite components, including bumpers, tailgates, and body modules. Directly comparable to Faraero on plastic exterior/interior trim manufacturing for global OEMs with similar Tier-1 supply model.
• Flex-N-Gate: US Tier-1 supplier of automotive exterior and interior plastic/composite systems, including bumpers, fenders, and trim. Comparable on direct OEM plastic exterior/interior supply, especially to North American OEMs like Ford.
• Adient: US-headquartered global leader in automotive seating and interior systems. Directly comparable to Faraero on automotive interior trim and component manufacturing, though at much larger scale and broader product scope.
• Röchling Automotive: German specialist in engineered plastics and composites for automotive exterior, interior, and underbody applications. Closely comparable to Faraero on thermoplastic and composite material processing for OEM programs in passenger and commercial vehicles.
• Toyota Boshoku: Japanese Tier-1 manufacturer of automotive interior systems, filters, and powertrain components. Comparable on automotive interior trim manufacturing for global OEMs, with similar thermoforming, injection, and composite process capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/faraerofarform
• Xx.com/FaraeroFarform
• LinkedInlinkedin.com/company/faraero-farform-otomotiv

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faraero & Farform