French aircraft firm Latcore to set up plant in Aequs Special Economic Zone

Bengaluru: Aequs Special Economic Zone on Tuesday said it has expanded further by bringing Toulouse based Latcore Groupe to set up its production facility at Belagavi, over 500 km from here. Latcore Groupe is said to be ranked second worldwide in onboard aircraft wiring.

Initially, the first production runs would commence in the existing 1300 square metre unit in Q3, 2018, pending constructionof a new facility in Aequs special economic zone, a releasesaid. It said the company planned to construct a new 4000 square metre manufacturing facility within the SEZ tobenefit 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," Latcore CEO Yannick Assouad said.

Aequs SEZ is a full-fledged aerospace ecosystem, hosting separate facilities for machining, surface treatment, assemblies and fabrication warehousing, supporting theentire manufacturing process, thereby reducing time-to-marketon 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," Aequs Group Chairman & CEO Melligeri said.