Amazon, Pfizer, AstraZeneca… Record funding guarantees anticipated on the Choose France summit | EUROtoday

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The seventh Choose France summit, meant to advertise overseas funding, is being held on Monday on the Château de Versailles. As of Sunday, the Élysée introduced that Amazon would make investments “more than 1.2 billion euros in France”, with “more than 3,000 jobs” at stake.

The French government lifted the veil, Sunday May 12, on a number of anticipated bulletins round Emmanuel Macron throughout the 7e Choose France summit, organized Monday on the Palace of Versailles and meant to advertise overseas funding.

One of an important considerations the American e-commerce big Amazon. It will make investments “more than 1.2 billion euros in France”, introduced the Élysée, and create “more than 3,000 direct jobs” on everlasting contracts.

These new investments relate to the event of the Amazon Web Services (AWS) cloud infrastructure, particularly within the space of ​​generative synthetic intelligence (AI), in addition to the logistics infrastructure for parcel distribution.

Amazon didn’t reply to AFP's requests on Sunday, after just lately indicating that it had no remark “ahead of any possible announcement that would be made” throughout the summit.

The American big had beforehand introduced 2,000 job creations in 2024, to achieve 24,000 everlasting staff within the nation by the tip of the yr, notably in its logistics facilities.

In the identical sector, the American group IBM is to announce 45 million euros of investments in quantum computing and round fifty hires by 2025 on its Paris-Saclay website, in line with a supply near the matter.

More than a billion euros of funding in pharmacy

Other bulletins had been made forward of the Choose France summit, notably within the pharmaceutical sector. Several teams expressed their intention on Sunday to speculate a complete of greater than an extra billion euros in well being in France.

In a press launch, the Pfizer laboratory signifies that it plans to speculate 500 million euros over 5 years to develop analysis collaborations, improve the manufacturing of pharmaceutical merchandise in France and scientific trials in anti-cancer therapies and hematology. .

“Our intention is to significantly increase the share of French sites in our major international clinical studies in oncology,” declared Reda Guiha, president of Pfizer in France, quoted within the press launch.

This further funding ought to make it attainable to “speed up affected person entry to therapeutic improvements, specifically to deal with sickle cell illness, the most typical type of a hereditary blood illness, and a number of myeloma, the most typical kind of plasma cell tumor “, added the boss of Pfizer.

A clinical study devoted to the fight against multiple myeloma will be carried out in France, underlined the Élysée.

For its part, AstraZeneca announced a new investment of $388 million (more than 360 million euros) to develop and make all production “greener” at its Dunkirk (North) site dedicated to respiratory diseases. .

“This new investment will be dedicated in particular to the creation of two new assembly and packaging lines” as well as “new buildings”, with “around a hundred jobs” as a result,” explains the group in a press release. It brings to “more than 2.2 billion dollars” (more than 2 billion euros) the investments made in France since 2020, according to the laboratory, which has more than 2,000 employees in the territory.

Another British laboratory, GSK intends to invest an additional 140 million euros in France, notably on its site in Évreux (Eure), added the Élysée, while an investment of 28 million euros from Switzerland Novartis is planned in nuclear medicine, with 25 jobs at stake.

Fertilizers, aviation, nickel, household robots…

For its part, the Ministry of the Economy highlighted five projects in various industries (fertilizers, nickel, aviation, household robots, chemicals) and three others from banks which will hire in Paris.

The biggest project at this stage, in euros, concerns a potential fertilizer factory which would greatly reduce emissions of carbon dioxide, the first gas to warm the atmosphere. The European consortium FertigHy will announce that it is considering investing 1.3 billion euros for a factory in the Somme, in Languevoisin, according to Roland Lescure, Minister Delegate in charge of Industry and Energy, interviewed in La Tribune Dimanche.

The plant would produce nitrogen fertilizer without using natural gas, which is the historic ingredient. Hydrogen extracted from water in an electrolyzer will replace a gas that Europeans once imported largely from Russia.

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For his part, the Minister of the Economy, Bruno Le Maire, announced the creation of a nickel refining plant in the municipalities of Blanquefort/Parempuyre (Nouvelle Aquitaine) by the company KL1 based in Switzerland. Amount of investment: 300 million euros, for 200 jobs, according to him. The start of activity is planned for 2027.

“With this investment, France will be able to have the entire electric vehicle value chain: mining, refining, cathodes, battery, electric vehicle,” he assured.

A fortiori because the Belgian chemical group Solvay will reconvert its La Rochelle factory to “soon launch the first phase of a large-scale rare earth production unit”, announced Roland Lescure. Rare earths are essential for the engines of electric cars. The investment could ultimately reach 100 million euros, according to him.

Bruno Le Maire also announced a future aeronautical factory with the German company Lilium “in a website which stays to be decided however which can be in New Aquitaine, to supply an electrical regional aircraft and the reconditioning of the batteries of this electrical regional aircraft”. “The investment amounts to 400 million euros, represents 850 jobs and the entry into service of the factory is planned for 2026,” he continued. Lilium develops vertical take-off and landing devices in Germany.

More modest, the German manufacturer of the luxury Thermomix household robot, Vorwerk, will, according to Roland Lescure, create 50 jobs in the Châteaudun region, where it already has a factory (72 million euros will be invested).

The German electrical equipment specialist Hager, already established in Obernai and Bischwiller (Bas-Rhin), will invest “a number of tens of hundreds of thousands of euros” in France, a source close to the matter told AFP on Friday, confirming information from Le Monde.

Projects in the banking sector

Finally, Bruno Le Maire announced that the American bank Morgan Stanley, which had grown from 150 to 400 employees in France in three years, would welcome its new European campus in Paris (100 additional jobs).

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First Abu Dhabi Bank, the principle Emirati financial institution, and Zenith Bank, a Nigerian financial institution that has change into one of many predominant pan-African banks, will arrange in Paris, in line with the identical supply.

“What is interesting is to see the confirmation of Anglo-Saxon investments but also the deployment of financial investors outside Anglo-Saxon countries,” mentioned Bruno Le Maire, who could have lunch on Monday with representatives of huge worldwide banks .

With AFP