CEO of Safran Group Philippe Petitcolin announced
an investment of $74 million USD for the project.
President Enrique Peña Nieto met today at the
official residence of Los Pinos with CEO Philippe Petitcolin and other executives
from the Safran Group, one of the world’s leading aerospace companies with a
presence in Mexico for over two decades.
meeting, they discussed the aerospace industry in our country and noted that
Mexico is now ranked sixth among the suppliers of this industry in the United
welcomed the development of the aerospace sector in Mexico in recent years, which
has registered annual growth of 15%.
informed President Enrique Peña Nieto of a $74 million USD investment in Mexico
by Safran Group to build a plant in Querétaro, which will manufacture parts for
the new-generation LEAP aircraft engine.
Parts at this
plant will be made from composite materials, using a revolutionary technology
that will allow the new LEAP engine to be lighter and less polluting.
It will be
the third Safran Group plant to manufacture aircraft engines and the largest of
its kind worldwide. The group already has one plant in the US and
another in France.
which will be set up in Querétaro, will begin producing aircraft engine pieces at
the end of 2017, creating 500 jobs, and achieve peak production in 2021.
meeting, President Enrique Peña Nieto congratulated Safran on its decision to
expand its presence in Mexico, and thanked the group for its trust in our
also thanked to the executives of the Safran Group, since its investment in the
aerospace sector in Mexico currently creates over 5,200 jobs.
highlighted the Safran Group’s involvement in Mexico for the 25 years and welcomed
the new investment, which, he said, takes place in the context of the excellent
bilateral relations between Mexico and France.
As a result, added
President Enrique Peña Nieto, the aerospace industry in our country will reach
new heights, becoming an industry that projects Mexico throughout the world.
Group is a high-tech French firm with a global presence, specializing, among
other things, in aeronautical equipment. It develops
and manufactures engines and propulsion systems for airplanes and helicopters
as well as space equipment.
meeting, President Enrique Peña Nieto was accompanied by Governor of Querétaro Francisco
Dominguez Servién, Secretary of Economy Ildefonso Guajardo Villarreal and Head
of the President’s Office Francisco Guzmán Ortiz.
The Safran Group
CEO was accompanied by Vice President of Safran in Latin America Oliver Pepsz, President
of Safran in Mexico Daniel Parfait, and French ambassador to Mexico Maryse