Safran Picks France for Major New Carbon Brakes Factory

French aerospace giant Safran has announced plans to establish a new carbon brakes factory in France, marking a substantial investment post a competitive evaluation of alternative locations in the United States and Canada. The upcoming facility near Lyon will cover 30,000 square meters and represent an investment exceeding 450 million euros.

This decision, which aligns with mid-year earnings growth, follows a Reuters report suggesting the Paris-based company was set to favor its home nation. The closely monitored site selection process has been politically sensitive, occurring amid broader energy supply concerns, as French President Emmanuel Macron advocates for re-industrialization.

With operations slated to begin in 2030, the plant will leverage biomethane and low-carbon electricity, with state utility EDF playing a crucial role in providing affordable energy supplies. Safran is banking on the lightweight, durable nature of carbon brakes to enhance its production network, projecting a 25% growth by 2037.

(With inputs from agencies.)