on ALSTOM (EPA:ALO)
Alstom Plans €150 Million Investment to Boost French Production
Alstom has announced a significant €150 million investment to enhance production capacity at its French sites. The company aims to meet the growing demand for high-speed trains both domestically and internationally. Part of this investment includes over €30 million allocated to a new assembly line at the Valenciennes Petite-Forêt site for very high-speed trains.
Additional expansions include doubling the assembly lines at La Rochelle, and digital advancements at their La Rochelle "TrainLab" to optimize testing times. A new facility is also planned for Belfort, focusing on preparing trains for commercial use.
As a result, Alstom plans to hire 1,000 people in France by 2025. The company anticipates these efforts will support up to 2,500 supplier jobs. These investments reflect Alstom's strategy to support its Avelia high-speed platform, known for its performance and operational flexibility.
R. H.
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