Megachip plant in Croll, MSC invests in Le Havre, Renault gains momentum in power electronics… Seven good news of the week

STMicroelectronics and GlobalFoundries to create mega-chip factory in Kroll

This is by far the most important project of the 14 announced under Choose France. STMicroelectronics and GlobalFoundries announced on Monday, July 11, a joint plant project in Croll, near Grenoble. In particular, it will produce chips using FD-SOI technology. Investments amount to 5.7 billion euros and should create 1,000 jobs, says Ridha Lukil.

Anchor MSC in Le Havre with an investment of 700 million euros

The Italian-Swiss shipowner MSC, the world’s leading maritime player in terms of container capacity, has decided to strengthen its position in Le Havre, France’s leading port for foreign trade. On July 8, its port subsidiary TIL (Terminal Investment Limited) announced a €700 million investment in bridges and tools at Port 2000, the deep water container port of Le Havre. The investment to triple the capacity of the container terminal should be accompanied by the employment of 1,100 people over six years, including 900 dock workers.

Collins Aerospace invests 400 million euros over five years in France

No major new investments are foreseen, but a build-up. Collins Aerospace, a division of American giant Raytheon Technologies, will invest 400 million euros over the next five years to strengthen its presence in France, i.e. an average of 80 million euros per year. The company, which employs 3,300 people at eleven French sites, made the figure public on Monday, July 11, as part of its “Choose France” event celebrating the attractiveness of France, led by the Élysée Palace.

Renault joins forces with Germany’s Vitesco in power electronics

Another Renault partnership in the field of electric vehicles. After Valeo, Envision, Verkor and most recently China’s Minth, the French manufacturer announced on Tuesday July 12 that it will merge with German power electronics equipment maker Vitesco Technologies. Together, the two companies will develop and produce a module for hybrid and 100% electric propulsion.

Safran Power Units invests 37 million euros over five years in Toulouse

Safran Power Units is expanding its production facility in Toulouse (Haute-Garonne). A subsidiary of Safran Helicopter Engines, which specializes in particular in the production of auxiliary power units (APU) for civil and military aviation, as well as rocket turbojet engines, intends to invest 5 million euros from 2022 on its site in Toulouse and at least 8 million for each per year for the entire period 2023-2026, i.e. in total about 37 million euros over five years. Purpose: to keep pace with the commercial success of the Rafale.

Sisley doubles its cosmetics manufacturing facility in Loir-et-Cher

The French skincare, cosmetics and fragrances group is investing 35 million euros to build a second factory in the business district 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 scheduled for late 2024 or even early 2025. The facility should employ 70 employees, and then gradually reach 250 people.

A new aircraft refinishing center has been opened in Pibrac.

US firm PPG is beefing up its aerospace presence in France by building a new center in Pibrac (Haute-Garonne), a suburb of Toulouse, to prepare and restore aeronautical paints and sealants. Investments are estimated at 15 million euros. Commissioning is expected in May 2023.

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