Safran to build plant in Hyd to make parts for LEAP engine
: France's Safran Aircraft Engines Tuesday announced it would build a new plant in Hyderabad to make parts for the LEAP turbofan engine from CFM International.
Philip Petitcolin, Chief Executive Officer of Safran, who is here for the Aero India Show beginning Wednesday and Telangana Chief Minister K Chandrasekhar Rao jointly made the announcement for the new plant.
Safran will invest 36 million Euros in this new plant, which will cover 13,000 square meters (140,400 sq ft), including 8,000 square meters (86,400 sq ft) of workshops, in the Special Economic Zone near the International airport here.
Construction is set to kick off in June 2019 and will aim at delivering the building and producing the first parts in early 2020, it said.
The plant will have about 50 employees by the end of the year to launch operations and will eventually have a workforce of 300.
"We are delighted to open a new chapter in our long history with the Indian aerospace industry," said ...