Pfeiffer Vacuum announced the investment which will be staged over seven years at the Choose France summit last month in the presence of French President Emmanuel Macron.
"Our investment plan will serve to modernize and digitalize our production in order to continue our growth,” said," Dr Britta Giesen, Pfeiffer Vacuum CEO. “We want to double the operations of our French subsidiary with a sales target of €600 million by 2030 and create 100 to 150 additional jobs.”
The company intends to reduce its CO2 emissions in Scope 1 and 2 to net zero over the same time frame, said Giesen.
"Reducing our CO2 emissions should also motivate employees, suppliers and customers to develop innovative solutions for environmentally-friendly technologies," said Giesen.
According to Pfeiffer Vacuum most of Annecy employees live nearby to the site which “allows us to reduce commuting and encourage the use of public transportation,” said Guillaume Kreziak, the managing director of Pfeiffer Vacuum SAS, the group's French subsidiary.
“Today, 20 percent of our employees already come to work on foot or by bicycle. It's excellent that even some no longer own a car," said Kreziak.