One of the largest private sector employers in Burnley is set for an “exciting future” as the company lines up multimillion-pound investments and increases its rate of production.
Safran Nacelles employs a workforce of about 775 in the town, having taken over the Hurel Dubois site in 2005. Part of a wider group, it designs, develops and produces nacelle systems for civil aircraft, including business jets and large commercial assets such as the airbus A380.
For the year to 31 December 2017, Safran Nacelles reported turnover of £173m compared to £159m the previous 12 months. Pre-tax profits were also up from £1.85m to £3.09m.
Claire Stanley, finance director at Safran Nacelles, has spoken about the period in review and the company’s plans for the future.
“Last year was the best ever year for the delivery, financial and safety performance for Safran Nacelles Ltd, and we are confident that we will build on this over the coming years,” she said.
“We are successfully increasing the rate of nacelle production on the new programmes for the Airbus A320neo and A330neo, both of which utilise our expertise in engineering design, quality, composite and component manufacturing, and final assembly. We are also investing £12m in new tooling and machinery for the site over the next four years to enable us to increase the rates of production even further, and improve our competitiveness.”
Stanley noted that the Burnley site remains a “worldwide centre of excellence for business jet nacelles”, as demonstrated by the production of the 2,000th unit for the HTF7000 business jets in May 2018.
“Together with our other programmes, such as the Trent 700 thrust reversers which have been a mainstay of the business for many years, this will ensure we have a better balance of products that the site is responsible for.”
Stanley also touched on Safran building on its engineering expertise, where it has increased activity by 66 per cent over the past 12 months.
“Over the coming year, we will continue to invest in our colleagues,” she said. “We have an established apprentice programme with Burnley College that has enabled us to bring 89 apprentices into the business in the past five years, and we have recently relaunched our graduate programme with Safran UK.
“With the range of programmes we are responsible for and the talented workforce we have on the site, the company has an exciting future ahead.”
Original story: Insider Media