Mecachrome SAS is a precision engineering company based in France that operates in the aerospace, motor racing, energy and defence sectors. History Mecachrome was founded in 1937 in Colombes, France. As a precision engineering company, Mecachrome focus their business on aerospace, automotive, motor racing, defence and energy sectors designing and manufacturing high value-added parts, systems and structural assemblies. Mecachrome are known most famously for the manufacture of Formula One engines, designed by Renault for Formula One teams including Williams and Benetton during the 1990s. In 2003, Mecachrome moved its head office from France to Canada. In 2008, the company went public just prior to the global economic crisis. Their share price plunged from a high of $13.55 per share to 15 cents. By July 2008, Mecachrome made job cuts in both Canada and France with production moving to Canada due to excess capacity caused by delays to the Boeing 787, for which Mecachrome was a supplier. In November, the majority shareholding Casella family who were descendants of the original Mecachrome founders, stepped aside. Christian Jacqmin was appointed CEO. At the end of 2008, Mecachrome completed their financial restructuring. In April 2014, Mecachrome signed a deal to supply to Safran in the manufacture of the new LEAP engine to be used in a variety of Airbus, Boeing and COMAC aircraft. In 2015, Airbus announced Mecachrome as the manufacturer of nose landing gear bays for their new Beluga aircraft. Mecachrome already worked with Airbus on its A320, A330, A380 and A400M aircraft. In 2017, Mecachrome declared interest in providing a standardised "budget" engine for Formula One. This would have been in addition to their GP2 & GP3 engine supply deals. In April 2019, Christian Cornille took over as CEO of Mecachrome and targeted €1bn turnover. The company operates across 14 sites in Europe, North Africa and North America. In 2020, reported revenues were €220million. Mecachrome employ over 2,500 worldwide. Motor racing Formula One Since 1979 until present, Mecachrome has been involved with Renault Sport, the motorsport division of Renault (though today Renault Sport's F1 operations are conducted through Renault Sport F1, a separate group company). From , Renault began to supply other teams with engines; Mecachrome being given the responsibility of preparing and assembling the engines for these customer teams such as Lotus-Renault in 1983 and Ligier-Renault in 1984. In 1985, Renault withdrew from Formula One as a constructor and from engine