Safran Set to Establish New $458 Million Carbon Brakes Factory in France
French aerospace giant Safran is considering France as the location for its new €400 million carbon brakes factory, a decision impacted by geopolitical and energy considerations. Safran has narrowed down the options to France and Canada with energy prices, political stability, and infrastructure playing crucial roles in the final choice.
In a move underscoring the continuing contention of competitive energy prices and political considerations, French aerospace conglomerate Safran is on the verge of selecting a site in France for its latest €400 million carbon brakes factory. This development follows a contest with the United States and Canada.
The anticipated decision could be publicly announced as early as Thursday, pending board approval. Amidst these proceedings, the decision has been mired in political sensitivity due to European energy price debates and international pressure from U.S. officials advocating increased European investment in the States.
Safran's decision will hinge on energy cost stability, political environment, and infrastructural availability, drawing particular interest given the plant's role in producing resilient carbon brakes for aviation and Formula 1 vehicles—a domain where Safran and competitor Collins Aerospace are prominent players.
(With inputs from agencies.)
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