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Safran SA's Sagem Signs Agreement with Moroccan Government to Construct New Plant; Opens Moroccan Subsidiary

Sunday, 29 Sep 2013 08:00pm EDT 

Safran SA announced that its subsidiary Sagem has signed an agreement with the Hassan II Fund to build an industrial facility in Casablanca, Morocco. 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 EUR 5 million 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. 

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30 Apr 2015