STMicroelectronics and GlobalFoundries will build a mega chip factory in Crolles
This is by far the most important project out of 14 announced as part of “Choose France”. STMicroelectronics and GlobalFoundries announced on Monday, July 11, a joint plant project in Kroll, near Grenoble. In particular, it will manufacture chips using FD-SOI technology. The investment amounts to 5.7 billion euros and should create 1,000 jobs, details Rida Lukil.
MSC establishes itself in Le Havre with an investment of 700 million euros
The Italo-Swiss ship owner MSC, the world’s leading player in maritime transportation in terms of container capacity, has decided to strengthen its position in Le Havre, France’s leading foreign trade port. On July 8, its port subsidiary TIL (Terminal Investment Limited) announced a €700 million investment in portals and tools at Port 2000, Le Havre’s deep-sea container port. The investment, aimed at tripling the capacity of the container terminal, should be accompanied by the hiring of 1,100 people over six years, including 900 dockers.
Collins Aerospace will invest 400 million euros over five years in France
New large investments are not expected, but they are increasing. Collins Aerospace, a division of the American giant Raytheon Technologies, will invest 400 million euros over the next five years to strengthen its presence in France, that is, the average annual rate will be 80 million euros. The company, which has 3,300 employees at eleven French sites, made the announcement on Monday, July 11, as part of the “Choose France” event, which is run by the Champs Elysées and promotes the attractiveness of France.
Renault joins forces with the German Vitesco in the field of power electronics
Another partnership for Renault in the field of electricity. Following Valeo, Envision, Verkor and most recently China’s Minth, the French manufacturer announced on Tuesday, July 12, its merger with German power electronics equipment manufacturer Vitesco Technologies. Together, the two companies will develop and produce a module for hybrid and 100% electric engines.
Safran Power Units invests 37 million euros over five years in Toulouse
Safran Power Units expands its production facility in Toulouse (Haute-Garonne). Subsidiary Safran Helicopter Engines, which specializes in the production of auxiliary power units (APUs) for civil and military aviation and rocket turbojet engines, among others, intends to invest 5 million euros from 2022 in its Toulouse plant and at least 8 million per year for the entire period 2023-2026, i.e. a total of approximately 37 million euros over five years. The goal: to keep up with the commercial success of the Rafale.
Sisley doubles cosmetics production capacity in Loire and Cher
The French skin care, make-up and perfume group is investing €35 million in the construction of a second factory in the business area of the TGV station in Vendôme (Loire et Cher). Construction of the 15,000 m² zero-carbon building will begin in spring 2023. Delivery is planned for the end of 2024 or even the beginning of 2025. Construction is to start with 70 employees to gradually reach 250 employees.
In Pibraka, there is a new paint restoration center for aircraft
The American firm PPG is strengthening the presence of its aerospace division in France, building a new center for the preparation and restoration of paints and sealants for aeronautics in Pibrat (Haute-Garonne), in the agglomeration of Toulouse. The investment is estimated at 15 million euros. Commissioning is expected in May 2023.
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