Industry Minister Marc Ferracci estimated this Sunday, April 13 that “there was no sovereignty problem” with Vancorex, subcontractor of French nuclear deterrence partially taken by its competitor, the Chinese giant Wanhua.
Vancorex products are used in particular for nuclear deterrent missiles and the Ariane 6 rocket, European sovereignty symbol in space.
A meeting in the next few days
The Chinese shareholder “occupies a small part, 54 employees of 450, and activities that are not strategic activities” related to “components that are used for industrial paintings,” they assured the minister.
He promised to go to the site in Pont-de-Claix, near Grenoble in a few days “to discuss with the elected officials of the future of the site, revitalization and support for employees.”
Lyon’s commercial court considered “inadmissible” a cooperative acquisition project by employees, which would have made it possible to safeguard more positions and maintain this “flagship” chemistry in the French fold. He attributed partial recovery to Wanhua, through his Hungarian subsidiary Borsodchem.
The Minister of Economy and Finance, Eric Lombard, said that a provisional nationalization requested by employees “was not possible”, during an interview in BMFTV.
“It is a company that, despite all our efforts, has not found economic viability, even if certain sectors are essential,” he said.
Source: BFM TV
