the Basque company Lauak takes off in southern India

In front of the workshops of the Lauak group, an industrial aeronautical subcontracting company, in Hasparren (Pyrénées-Atlantiques), August 4, 2019. LAURENT GRANDGUILLOT/REA It is in Bangalore, a metropolis of 13 million inhabitants in the south of the India, that Lauak decided to live his Indian adventure. This summer, the Basque aeronautical subcontractor launched its subsidiary Lauak India in this city renowned for its IT companies, but which is also an important aeronautics center in this immense market that is India for civil aviation. Read also | Article reserved for our subscribers These French companies which are betting on India: “The India of today is the China of twenty years ago” Add to your selections The Indian companies Air India and IndiGo have, at the beginning of 2023, placed massive orders, never seen before in the sector, with Boeing and Airbus (A320 and A350): a total of some 500 aircraft each to be delivered between 2030 and 2035. According to Indian law, part of the parts necessary for these aircraft must be machined in India. An opportunity that Lauak, a leading Airbus subcontractor, took up. This group, located near Bayonne (Pyrénées-Atlantique), employs 1,850 people for its boilermaking, sheet metal and aeronautical assembly activities, and it plans to end the year 2024 with consolidated sales of at least 190 million euros. “Our establishment in India began in 2019,” says Mikel Charritton, co-manager of Lauak. During this first step, we entered into a joint venture, Lauak Cimtools Aerospace (LCA), with a local partner, Cimtools. Through LCA, we were targeting the machining of parts in boilermaking and welding, Airbus having a number of client companies in the subcontinent. » A choice which corresponds to the international strategy of the Basque company present, in addition to Europe, in Mexico and Canada. Hasparren is and remains the cradle of Lauak In August, the plan took shape and the company decided to stand on its own two feet: Lauak acquired 100% of the shares in its Indian subsidiary, its partner Cimtools having been bought by the Indian group Motherson, turned towards the automobile industry. “No problem with the authorities, since it is not military,” explains Mr. Charritton, “and we are therefore accelerating the Lauak India march. » Read also | Article reserved for our subscribers Airbus is revising its production targets downward for 2024 Add to your selections At the Sez Park aeronautical hub, near Bangalore airport, a production site is being expanded and developed for 2025. welding and boilermaking which, after the phases of equipment for working hard metals, training, management and investments, will include assembly, or ultimately 200 people. Alongside the white and black building in Lauak, around fifty companies, Indian or foreign, have chosen this hub. For example, Hindustan Aeronautics, which, at the end of August, entered into an agreement with Safran: together they will develop the Aravalli engine, which will equip helicopters. You have 27.31% of this article left to read. The rest is reserved for subscribers.



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