Safran analyzes opportunities to open a new plant in Mexico

The manufacturer of aeronautical equipment Safran analyzes investment opportunities in Mexico, so they could announce a new factory in the country in a period of 12 to 18 months.

In an interview with El Financiero, Philippe Petitcolin, CEO of the company on a global scale, said the company reviews the opportunities they have in Mexican territory, where he stressed that there is potential in the country to boost all of its business areas.

"There are opportunities that come, that's the reason why I'm here, in Mexico we see that it has a lot of potentials, not only in Queretaro, but throughout the country, but in 12 or 18 months we see the opportunity to announce another plant."

Safran expanded its presence in Mexico in 2018 with the purchase of Zodiac Aerospace, which now operates in the country 23 plants located between Mexicali, Tijuana (both of Baja California), Chihuahua and Queretaro. Among the 23 economic units, it employs more than 15 thousand people in the country, with which the nation is located among the markets where most workers have.

"Mexico is key, it is the third most important country for Safran. In our business, we have important areas such as engines, equipment, aircraft interiors, and we have factories in Mexico in all of our businesses."

In 2018, Safran inaugurated a new plant in Queretaro for pieces for aircraft turbines, with which they rely on the production of engines and save up to 50 percent in the fuel that is already the most competitive in their division.

"We have two other plants of this type of parts in France and the United States, in one year that of Mexico became the most competitive, because the cost of operation is cheaper. Between 15 and 20 percent less expensive."

He also highlighted the future of electric motors for aircraft and the position that Mexico can take in this evolution of the industry.

"Currently we see small engines for small ships, for large aircraft it will take a lot of development time in the industry, so we see that Mexico is far from this innovation."

He also said that hybrid engines are an even closer opportunity for the aerospace industry and in which Mexico could participate with the capacity that currently counts.

Source: El Financiero

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