from left to right Mr Salaheddinne Mezouar President of the General Confederation of Moroccan Companies, Mr Moulay Hafid ElAlami Minister of Industry, Investment, Trade and Digital Economy, Mr Christophe Cador CEO of Satys
Under the honorary chairmanship of the Minister of Industry, Investment, Trade and Digital Economy Moulay Hafid Elalamy, Satys inaugurated, on Wednesday, July 4th, its new plant in Casablanca.
It is dedicated to sealing and sub-assembly painting. The new facilities has required an investment of about 2 million Euros and will create 50 job opportunities in the future.
On June 12th, 2018 Satys acquired Prodem (PROtection DEs Méteaux) , a well-known French specialist in surface treatment. Using the expertise of the Cornebarrieu and Dugny sites, Satys will develop a new Business Unit called “Satys Surface Treatment” and will thus consolidate the current surface treatment activity spread around France.
Furthermore, Satys is committed to meeting the ever-increasing environmental challenges and especially the REACH regulation which will require significant investment on its part.
This acquisition should allow the group’s Surface Treatment activity to increase its annual sales from 2 million euros with 20 people in 2017 to annual sales of 15 million euros employing 170 people in 2018 and then to 25 million euros with 350 people in 2020.
As part of its development strategy, Satys signed a partnership agreement at the Saint-Petersburg Economic Forum with the company Spektr-Avia, a Russian specialist in aircraft painting, the Ulyanosk regional government and the Regional Development Corporation.
This partnership will enable the construction of a Single Aisle paint shop in Ulyanovsk.
Design has already started and the company will be set up before the end of the year. The first planes should be rolling out of this new paint shop in 2020.
On May 24th 2018 Satys bought the Spanish company Kelox which was founded in 1959 with locations in Madrid and Pennsylvania (USA).
Kelox is specialized in rail equipment through the design and supply of galley systems and the provision of related services to builders of rolling stock and railway operators worldwide. Main core business activities are refrigerated systems, stainless steel equipment and interior developments by carrying out turn-key projects.
In Madrid, Kelox has a design and engineering office, a 2000 m2 factory and a test laboratory with Iris and EN 15085 certifications.
Among its main customers are Alstom (the company recently chosen by Alstom for the Amtrak project, high speed trains in North America), Hitachi, Siemens, Talgo.
Kelox will strengthen and complete the Satys Interiors Railway division (formerly SMTC).
Luis Azorín, Managing Director of Kelox “Kelox is very happy to integrate a group as ambitious as Satys which will allow the company to continue to develop in the rail market. This integration couldn’t have been possible without the satisfaction and support of our customers as well as the expertise and know-how of our teams. ”
Christophe Jenny, Managing Director of Satys Interiors Railway “We are pleased to integrate Kelox into our group. This acquisition will allow Satys to offer a wider range of products and relevant skills.”
The French industrial group Finaero adopts the name Satys to link its activities, divided into four business units:
- Satys Sealing & Painting (formely STTS): aircraft painting & sealing, aerostructures & railway equipment.
- Satys Interiors (formely AIP, AIT and SMTC): design and production of railway and aircraft interiors.
- Satys Electric (formely CIEE Interconnect): wiring and cable assemblies for the medical, energy, rail and aerospace sectors.
- Satys Surface Treatment (formely AST): surface treatment for aerospace components.
Why Satys? Customer satisfaction, one of the group’s key values.
A simple name that evokes customer satisfaction and embodies the group’s values:
- Partnering with our customers: innovating to create tailor-made solutions
- Operational excellence: our DNA
- People oriented: develop industrial infrastructures to allow for good working conditions, respect for the environment and guarantee sustainability and diversity for employees
Christophe Cador, Chief Executive Officer and the Group’s founder: “In addition to better clarity for our customers, Satys reflects the DNA of our group, its teams, its history: we all share the same objective of customer satisfaction for today and tomorrow. This can be found in our respect for on-time delivery and quality that we impose on ourselves as well as a constant pursuit of competitiveness for our products and services. These are the conditions for our development and the sustainability of our markets. I would like to take this opportunity to pay tribute to Satys’ teams who strive on a daily basis towards that end.”
Our development’s success: strong and controlled growth
Satys group completed the 2017 fiscal year, which ended September 30th, with a revenue of €172m an increase of 28% over 2016 and 19% at constant scope, with 2500 employees in 11 countries in Europe (Francs accounts for 60% of the employees), Middle East, China, South-East Asia and North America. The group’s headquarters are in Blagnac (Occitanie Region of France). Activity in 2018 will be superior to €200m at constant scope and profitability will make it possible to support future investment programs after those from the 2016-2018 period which amounted to €120m. At the end of the five year road map established in 2017, the group has set itself an objective to double its activity by 2025, through internal growth and acquisitions across the four business units, while remaining agile and always ready to reassess itself.
Satys Sealing & Painting is today one of the leading partners of Airbus and Boeing in a risk sharing program for painting new aircraft. Furthermore, Satys Sealing & Painting is already present in the aircraft repainting (MRO) market and will intensify its development, especially in the Middle-East, thanks to the opening of a new paint hangar able to accommodate the A380 at the Dubai South Al Maktoum airport in 2019. Satys Sealing & Painting will be able to paint more than 1000 aircraft by 2023. Based in Blagnac, the heart of the aircraft painting world capital, Satys Sealing & Painting has initiated innovation programs so that customers can improve their competiveness especially in aerostructures. This innovation is supported by Expiris, the group’s R&D lab in which the company holds 50% of shares.
Satys Interiors specialized in railway and aerospace interiors in specific markets, will boost its growth thanks to its presence in China and through external growth especially in the rail industry.
Satys Electric, of which the design office and manufacturing are based in Thailand, will continue to provide support for its customers in the medical, energy, railway and aerospace sectors with two new sites planned for in Germany and the USA. This development will allow Satys Electric to see its activity doubled by 2025.
Finally, Satys Surface Treatment, the group’s new activity, will undertake heavy investments. Like in the other business units, disruptive innovation, competitiveness, zero-pollution, working conditions and internalization will all drive new growth. New acquisitions are currently under consideration in this business unit.
A little more than three years ago, we started the expansion our Bangkok site (in 2013 we moved in). This was an important step in our ongoing continuous development of CIEE.
We can sum up our objectives for this project as the following:
- Setting up a workshop dedicated to railway and aeronautical products with an annual turnover of €8 to 10 million.
- Aiming to produce more complex products, with a dedicated technical team.
- Increasing site capacity (m²) to handle growth from 2018 to 2020+.
- Allowing for an increase in the maximum current turnover of €28 million to €34 million thanks to the recently installed capacities.
- Maintaining a reserve capacity to capture new markets.
This €800K investment allows us to have a new air-conditioned production surface of 1400sqm. The technical added value will be an integral part of the teams’ work.
The architects plans are finished, the first stone was laid on March 10th. We will move in next November.
At the same time that the Dubai wide body hangar was being built, AIP began developing its aircraft interior design in the Middle East. Frédéric Seguy has been overseeing these two projects since his expatriation there last summer.
AIP recently joined forces with Greenline Interiors, a company that has been in Dubai for 40 years and specializes in the interior design of luxury hotels, palaces and some of the biggest yachts in the world. The new company is simply called AIP GREENLINE, Aviation Interiors and plans to start renovating aircraft interiors in order to subsequently ramp up manufacturing activities. Since March 1st 2017, Mark Chandler has been working with Frédéric Seguy as foreman. Mark brings with him over 30 years of experience in interior cabin design. Backed by AIP/AIT and Finaero, the team is currently concentrating on the redesign of the workshop located in the Greenline buildings, recruitment of a production team and the implementation of procedures to acquire local and European certifications (EASA PART145 + GCAA CAR145).
Please note that a new project will begin in April with Etihad Airways Engineering in Abu Dhabi, to support all work done in the A320 VIP cabins, work which is done with the help of AIT Toulouse. Let’s hope this is the first project of many more to come!