Safran invests 150 million euros in French engine plant
Safran will spend 150 million euros on a new hydraulic press to double engine part output by 2029. The move aims to reduce reliance on outside suppliers.
French jet engine manufacturer SAFRAN SA has announced a 150 million euro ($175.31 million) investment in a high-tonnage hydraulic press to significantly boost its production of critical engine components. The 30,000-ton press is slated for installation at the company's Gennevillers facility in France by 2029, where it is expected to double the site's forging capacity.
The investment will support the manufacturing of parts for existing engines and new models currently under development for future medium-haul aircraft. Industry-wide shortages of castings and forgings have persisted since the COVID-19 pandemic, causing delays in global aircraft deliveries. Although Safran is the only engine maker with internal forging capabilities, CEO Olivier Andries has identified the mitigation of these shortages and the procurement of rare earth materials as key strategic challenges.
During a briefing with analysts, Andries explained the company's intent to strengthen its internal supply chain.
The company will invest further in this area to reduce its dependence on a handful of outside suppliers.
In addition to commercial aviation, Safran is increasing its military engine production. The company aims to produce 108 engines for military use in 2026, up from the 71 units manufactured last year. This expansion is part of a broader initiative to enhance production autonomy and secure the supply of high-performance metal components for the aerospace sector.
