Company detailsCode: Safran Company name: Safran Group name: Safran Company country: FranceNumber of employees: 56200Sector: C - ManufacturingSector detail: C30 - Manufacture of other transport equipmentSub-sectors: C30.3 - Manufacture of air and spacecraft and related machinery Reshoring detailsReshoring announcement date: 24/05/2016Starting implementation date: June, 2016End of Implementation : December, 2017Reshored to: FranceLocation of affected unit(s): Saint-Amand-les-eauxLocation code: FR301Reshored business function: MantainancePartial or Total reshoring: PartialReshoring governance mode: In house (in own facilities)Estimated job gains: 200Reasons for reshoring: Government support to relocationLoyalty to the home countryCase narrative: Safran is a French aeronautic company that works in the aviation sector. Safran builds and maintains components of aircrafts. Partnering with AirFrance - KLM, Safran is creating a joint venture which aims to backshore the mantainance of aircraft components from Singapore to France. Safran will hold 51% of the partnership, and Air France-KLM will hold 49%. Total forcasted investment is as much as €20 million ($22.45 million). A factory specialised in the maintenance of plane engines will open in Saint-Amand-les-eaux, near Valenciennes. 200 jobs are expected to be created, with 60 safeguarded until 2017. Both companies are partially owned by the French State, which, according to the source, has played a key role in the decision to backshore. The new French plant will specialise in the maintenance of a specific airplane engine (the CFM56 engine), which is currently the best-selling plane engine in the world. Safran is simultaneously expanding its investments in Singapore, and Safran reported that helicopter production and maintainance will remain there. Sources: Le Monde, 24 May 2016, Safran Press Release, 24 May 2016 Sources link: Le Monde, 24 May 2016, Safran Press Release, 24 May 2016 Offshoring detailsOffshoring location: Singapore
