COUTANCES, FRANCE — Elvia PCB will not rebuild the factory of its subsidiary Elvia Loire Valley - Ciretec in Saint-Ay after it was destroyed by a fire earlier this year. Eliva, which was acquired by private equity firm Tikehau Ace Capital last spring, is expected to cut 53 out of the 70 jobs at the factory.

According to Le Parisien, the company opted not to rebuild the factory after estimating that the rebuilding of the facility would have cost around €25-30 million. The company has offered relocations to other subsidiaries in Coutances (Elvia Normandy), Châteaubourg (Elvia Brittany), and Puiseaux (Elvia BREE).

Elvia Loire Valley – Ciretec specializes in the manufacture of complex printed circuits often linked to on-board applications. It targets high PCB technologies (multilayer, rigid-flex, flexible, microwave technologies) in prototype and standard delays. For its space activity, Elvia Loire Valley – Ciretec is qualified ESA and EN9100 for civil and military aeronautical activities.

Founded in 1976, Elvia PCB is the leading French manufacturer of printed circuits in terms of turnover, the 5th in Europe, and the first in Europe in the DAS (defense and aerospace) segment, with a turnover of €50 million, including €35 million for the military, aeronautics and space division and €15 million for the Automotive and Industrial division. The group has around 430 employees in France.

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