The 24,000 sqm site is located in Jiaxing, Zhejiang province, China. The initial focus of its activity is the manufacture of 8 million sqm of material intended for airbag production. Looking ahead, the site, equipped with advanced looms and coating machines, automatic control tension systems and weight control coating equipment, plans to offer a broader range of technical textiles and thermoplastic solutions for the aerospace and industrial sectors.
The US$50 million cash investment was supported by the regional government and local development zone.
The inauguration was led by André Genton, CEO, Porcher Industries; Peter Bentley, Managing Director, Per-Astra; and Ian Burgess, Managing Director, Warwick Capital. Also in attendance were local officials from Jiaxing Port and Development Zone plus key customers, suppliers and local press.
“Ever since Porcher Industries’ creation in 1912, our group has been combining traditional know-how with a deep culture of innovation,” said André Genton. “Driven by our values – quality, ethics and efficiency – we lean on traditional skills and enhance them with new technologies. Indeed, constant innovation is the only way for us to maintain excellence within our processes and materials and contribution to industrial evolutions.”
In his opening speech, Genton also referred to the silk weaving traditions in Lyon, the original home of Porcher Industries, and those of China: “This same tradition forms the basis of a fruitful partnership between Lyon and China. This shared experience, along with China’s current economic position poised for a third industrial revolution, will truly boost Porcher Industries’ international reach.”
“By investing in this site in China, we have secured our place in probably the most dynamic economy in the world today,” concluded Ian Burgess, Managing Director of Warwick Capital and investor in Porcher Industries. “We start with the production of fabrics for airbags and soon we will follow with a broader range of products to support the aerospace and industrial markets. Our challenge? To design tomorrow’s today, with the ultimate science and technology.”