A business that designs, manufactures and maintains first and
business class aircraft seating is investing for the future at
its sites in Newport and Cwmbran, after Welsh Government funding
helped support more than 900 existing jobs and further workforce
growth.
Safran Seats GB is one of the world's leading suppliers of first
and business class seating to the fleets of the world’s biggest
international airlines.
With £1.6m of support from the Welsh Government’s Economy Futures
Fund, the firm is making a multi-million-pound investment into
its sites in South Wales, primarily in the acquisition of new
machining equipment and facility modernisation.
Véronique Bardelmann, CEO of Safran Seats GB said:
"We are delighted to have received this funding from the Welsh
Government’s Economy Futures Fund.
“It will complement our own investment in modernising our
equipment and facilities to be more efficient and sustainable in
Newport and Cwmbran, so that we are able to deliver the increased
demand in first and business class seating production and
in-service support.
“We will see a significant increase in manufacturing volume this
year, as in-development programmes move into production. This is
fantastic news for our workforce that is continuing to grow, and
our supply chain partners locally."
The Welsh Government’s Economy Futures Fund supports businesses
to invest, grow and build the Welsh economy.
Economy Minister, said:
“Here in Wales, we want to help businesses grow and, in turn,
provide better jobs, closer to home.
“Our mission for a prosperous, greener and fairer Welsh economy
rests on stronger regional economies, and Safran Seats GB is a
prime example of that; a major employer in South East Wales
offering important high quality, high skilled jobs paying
attractive salaries.
“Not only does the company have a significant impact on the local
area, but also spends around £11m every year on suppliers – many
of which are small, independent businesses based in Wales.
“I’m therefore delighted we’ve been able to support them though
our Economy Futures Fund as we work towards an economy built by
all of us.”
