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The Elysée announces nearly 4 billion euros of foreign investment

2020-01-19T22:13:00.882Z

MSC, Coca-Cola and AstraZeneca announced these new investments on the eve of an economic summit organized on Monday in Versailles



Atlantic shipyards in Saint-Nazaire, in June 2019. - SEBASTIEN SALOM GOMIS / SIPA

"Health, transport, banking, food, telecoms, digital ... There are announcements on all territories, in all sectors and for all types of jobs", welcomed the Presidency of the Republic. Nearly 4 billion euros from large foreign groups will be invested in France, announced Sunday evening the Elysee, ahead of the 3rd summit "Choose France" intended to show that the Hexagon still attracts, despite social movements.

Among these announcements, the most important comes from the Italian-Swiss shipowner MSC, which placed an order for 2 billion euros at the Chantiers de l'Atlantique in Saint-Nazaire for two new liners, available in 2025 and 2027 and powered by LNG (liquefied natural gas). This firm order is accompanied by the signing of two memoranda of understanding between MSC and the shipyards, potentially involving 4 billion euros of additional investment, the executive said.

200 patrons invited to the Palace of Versailles

Emmanuel Macron invited Monday, during the 3rd edition of the "Choose France" summit, nearly 200 French and foreign bosses to the Palace of Versailles, on the eve of the World Economic Forum (WEF) in Davos. As in 2018, France remains the second destination for foreign investors in Europe behind Germany and ahead of the United Kingdom. Between 2017 and 2019, its attractiveness increased from 22nd to 15th in the ranking published by the WEF, "the best progression of the top 20", according to the Elysée. According to Matignon, foreign direct investment in French companies grew by more than 5 billion euros in 2018 (an increase of 20%) "and the year 2019 promises to break new records".

Several trade union organizations - CGT, FO, FSU and Solidaires des Yvelines - have already announced that they would take the opportunity to demonstrate on the spot, on the 47th day of strike against the pension reform, in order to demand the withdrawal of the project.

MSC, Coca-Cola and AstraZeneca

The construction in Saint-Nazaire of two new liners with 6,700 passengers each will generate "14 million hours of work, corresponding to 2,400 jobs for three and a half years," said the executive. The agreement also provides for the development of a new class of LNG liners as well as that of a new prototype of boats propelled partly under sail, effectively integrating the "best environmental innovations", the cruise sector. being regularly accused of polluting enormously.

Among the other announcements within the framework of "Choose France" is the decision of Coca-Cola and its bottler to invest one billion euros over five years in France, half of which to strengthen its production and distribution network, and the other to "support the development of its current brands and introduce new products to the French market".

In addition, the pharmaceutical giant AstraZeneca has announced an investment of more than 450 million euros (500 million dollars) over five years in France, including more than 200 million euros for its Dunkirk site where Mr. Macron is expected. on Monday. The Anglo-Swedish group, which employs around 1,000 people in France, will in particular continue the development of its Dunkirk site, which specializes in the production of aerosol products for the treatment of asthma and chronic obstructive pulmonary disease, stresses t it Sunday in a statement. A hundred jobs will be created "to support this ramp-up," says AstraZeneca.

Economy

Barrel, mustard, tractor ... A big fair "made in France" invades the Elysée

Economy

VIDEO. Saint-Nazaire: The huge MSC liner "Bellissima" ready to leave the building sites

  • Shipyard
  • Economy
  • Saint Nazaire
  • Foreign investments
  • Investment
  • Coca Cola

Source: 20minf

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