Sagem (Safran) signs agreement with Moroccan government to construct a new plant in the country
Paris, September 30, 2013 Sagem (Safran) has signed an agreement with the Hassan II Fund to build an industrial facility in Casablanca, Morocco. The agreement was signed during the inauguration of the Mid Parc industrial park in a ceremony attended by His Royal Highness King Mohammed VI of Morocco, Abdelkader Amara, Moroccan Minister of Industry, Trade and New Technologies, Abdelwahed Kabbaj, President of the Hassan II Fund, Bruno Durand, Sagem Vice President for Production and Nadia Berrada, CEO of Sagem Maroc. Sagem Maroc will start operations in early October 2013 on a temporary site during the construction work. The new plant, located in the Nouaceur airport zone near Casablanca, will be up and running in September 2014. It entails a total investment of 5 million euros in 2013-2014. Sagem Maroc, a wholly-owned subsidiary of Sagem, will specialize in the assembly of mechanical and electronic components for the aviation industry, and it will incorporate assembly operations that are now subcontracted. The new facility will span 4,000 square meters and will have about 150 employees by 2015. This investment in Sagem Maroc is designed to increase Sagem's competitiveness, and is part of the company's modernization drive, also including a new plant in Buchelay, in the greater Paris area. Sagem's industrial development program aims to ensure the long-term production of critical mechanical parts in France, while also giving Sagem world-class production facilities to meet the competitiveness requirements of today's global civil aviation market. Building on this new industrial organization and production sites, Sagem's offering of actuators and avionics will be even more closely aligned with the requirements of new-generation aircraft, including the A350, C919, KC390 and civil and military transport helicopters.
Sagem, a high-tech company of Safran, holds world or European leadership positions in optronics, avionics, electronics and safety-critical software for both civil and military markets. Sagem is the No. 1 company in Europe and No. 3 worldwide for inertial navigation systems (INS) used in air, land and naval applications. It is also the world leader in helicopter flight controls and the European leader in optronics and tactical UAV systems. Operating across the globe through the Safran group, Sagem and its subsidiaries employ 7,500 people in Europe, Southeast Asia and North America. Sagem is the commercial name of the company Sagem Défense Sécurité.
For more information : http://www.sagem-ds.com Sagem (Safran)
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