Jun 19, 2018
Aequs Special Economic Zone today said it has expanded further by bringing Toulouse based Latecoere Groupe to set up its production facility at Belagavi, over 500 km from here.
Latecoere Groupe is said to be ranked second worldwide in onboard aircraft wiring.
Initially, the first production runs would commence in the existing 1300square metre unit in Q3, 2018, pending construction of a new facility in Aequs special economic zone, a release said.
It said the company planned to construct a new 4000square metre manufacturing facility within the SEZ to benefit from the existing aerospace ecosystem at Aequs.
“The new plant is designed to make the Group more competitive and will help us to support our customers in their development initiatives,” Latecoere CEO Yannick Assouad said.
Aequs SEZ is a full-fledged aerospace ecosystem, hosting separate facilities for machining, surface treatment, assemblies and fabrication warehousing, supporting the entire manufacturing process, thereby reducing time-to-market on projects.
“Aequs has developed a thriving ecosystem that would facilitate every occupant, who is a part of this SEZ, to grow exponentially by leveraging interrelated capabilities, difficult to find in one location elsewhere in the world”
Media Contacts: communications@aequs.com