Safran and Albany International Inaugurate a New Plant for 3D Woven RTM Composite Aircraft Engine Parts, in Rochester, NH

  Safran and Albany International Inaugurate a New Plant for 3D Woven RTM
  Composite Aircraft Engine Parts, in Rochester, NH

Business Wire

ROCHESTER, N.H. -- March 31, 2014

Jean-Paul Herteman, Chairman and CEO of Safran, and Joseph Morone, President
and CEO of Albany International Corp., inaugurated today a new plant in
Rochester, New Hampshire, that will produce 3D woven RTM composite parts for
aircraft engines. The inauguration ceremony was held in the presence of
representatives of the U.S. and French governments, including New Hampshire
Governor Maggie Hassan, Senator Jeanne Shaheen, Senator Kelly Ayotte,
Congresswoman Carol Shea-Porter, Rochester Mayor T.J., Jean, François
Delattre, the Ambassador of the French Republic in the U.S., and Fabien
Fieschi, Consul General of France.

The Rochester operations of Safran and Albany International are located in a
new facility, about 300,000 square feet, situated in the Granite State
Business Park. The plant, which opened during 2013, was built to produce 3D
woven composite parts using RTM technology for aircraft engine parts. The
first application will be fan cases and fan blades for CFM International’s
LEAP engine*, dedicated to the next-generation single-aisle aircraft. A total
of 130 people currently are employed at the joint operation, with a total of
400-500 envisioned when full-rate production is attained.

The foundation of the LEAP engine is deeply rooted in advanced aerodynamics,
environmental, and materials technologies. Particularly strong and
lightweight, the 3D RTM composite parts produced by Safran and Albany will
contribute strongly to provide 15 percent better fuel consumption compared to
today’s best CFM engine. Selected to power new and improved narrow-body
commercial aircraft including the Boeing 737 MAX and the Airbus A320neo, the
LEAP engine has achieved broad-based market acceptance with more than 6,000
engines ordered to date.

“I am very pleased to inaugurate this plant today along with our Albany
International partner,” said Jean-Paul Herteman. “Our presence in Rochester
reflects our commitment to this state and to the U.S. For more than 40 years,
through CFM International, our exceptional long-term partnership with GE, and
both organic growth and acquisitions, Safran has become a formidable presence
in the U.S. Our aim is to continue to expand our position and to contribute to
the development of the aerospace and security markets as an American company,
to ensure optimum service for our civil and military customers here,” he
added.

Joseph Morone, President and CEO of Albany International Corp., said “Today’s
event is an important milestone in a collaboration between Safran and Albany
that began in 2000 as joint research and development and that has blossomed
into the unique partnership epitomized by this plant. The strong relationships
our two companies have formed with the State of New Hampshire and City of
Rochester and their support of our joint effort have contributed immeasurably
to the success we celebrate today.”

Safran and Albany have made significant investments in the Rochester plant,
which features a state-of-the-art industrial design, and the two companies are
also building a similar plant in Commercy, France, that will produce the same
advanced composites parts for the LEAP engine. The Commercy plant will start
operations mid-2014.

* CFM International is a 50/50 joint company between Snecma (Safran) and GE.

                                  * * * * *

Safran is a leading international high-technology group with three core
businesses: Aerospace (propulsion and equipment), Defense and Security.
Operating worldwide, the Group has 66,200 employees and generated sales of
14,7 billion euros in 2013. Working alone or in partnership, Safran holds
world or European leadership positions in its core markets. The Group invests
heavily in Research & Development to meet the requirements of changing
markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed
on NYSE Euronext Paris and is part of the CAC40 index.

The group U.S industrial footprint comprises 32 companies and joint venture,
which brings together the resources of 7,000 employees across 58 locations in
22 states.

For more information, www.safran-group.com/ Follow @SAFRAN on Twitter

Albany International Corp. is a global advanced textiles and materials
processing company, with two core businesses. Machine Clothing is the world’s
leading producer of custom-designed fabrics and belts essential to production
in the paper, nonwovens, and other process industries. Albany Engineered
Composites is a rapidly growing supplier of highly engineered composite parts
for the aerospace industry. Albany International is headquartered in
Rochester, New Hampshire, operates 20 plants in 11 countries, employs 4,100
people worldwide, and is listed on the New York Stock Exchange (Symbol AIN).

Additional information about the Company and its products and services can be
found at www.albint.com

Contact:

For more information:
Catherine Malek, 33.1.40.60.80.28
Mobile: 33.6.47.88.03.17
catherine.malek@safran.fr
or
Michelle Lyle, 1-703-797-9662
Mobile: 1-571-296-5487
michelle.lyle@safranusa.com
or
Susan Siegel, 1-603-330-5866
Mobile: 1-603-337-5710
susan.siegel@albint.com
 
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