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Daily Newsletter

12 October 2023

Daily Newsletter

12 October 2023

H55 breaks ground on North American site and Canadian HQ

The factory contains an advanced production line, with battery pack production expected in 2024.

October 12 2023

Swiss company H55 has celebrated the ground-breaking of its North American premises and Canadian headquarters construction project in Saint-Hubert, Quebec, Canada.

The commencement of construction marks a significant milestone in the company’s continued expansion plans in the Canadian market and worldwide.

The company has also established H55 Inc, a wholly-owned subsidiary of HCC, in Canada.

This establishment also complies with H55’s worldwide expansion plan and commitment to meet the expanding demands of its North American client base.

H55 CEO Martin Larose said: “This new facility will be the birthplace of innovations that will redefine the industry. Saint-Hubert is a strategic location for H55’s operations and will be the home to our battery production, serving our Canadian customers.

“This new facility will also include product development and customer integration support and will play a crucial role in our company’s ambitions in bringing clean aviation solutions to the North American market.”

H55 Canada will team up with its existing clients including Pratt & Whitney Canada, CAE and Harbour Air on product development, customisation and customer assistance.

The factory will include an advanced production line, with initial battery pack production set to begin in 2024.

Canada Montréal Minister Pierre Fitzgibbon stated: “Québec has everything needed to design, manufacture and market innovative technology, to address the environmental and economic challenges of the planes of tomorrow.

“The H55 project will help bolster our expertise in aerospace while leveraging our transportation electrification ecosystem.”

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

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