Morocco to get new auto parts plant
19 de julho de 2016
São Paulo – France’s Valeo group, one of the world’s leading auto parts suppliers, is set to build an integrated industrial complex in the free zone in Tangiers, Morocco. The project will be rolled out in three stages, with initial investment at 50 million euros. The information was released this Tuesday (19) by Tangier Mediterranean Special Agency (TMSA), manager of the local free zone and port.
The project will span 80,000 sqm in the Tanger Automotive City. It will be the group’s biggest complex devoted to supplying Africa and the Middle East.
Products will include lighting systems, cleaning systems, electronics and top column control modules.
It will supply directly to carmakers such as PSA Peugeot Citroën, in the Moroccan city of Kenitra, and the Renault plant, also located in the Tangier free zone, besides catering to markets such as the United States and Europe.
Construction is set to begin in a few weeks, with the first stage slated for completion in 2017. The Valeo group sold 14.5 billion euros worth of products around the world last year and relies on 82,800 personnel in 30 different countries, including Egypt, Tunisia and Brazil.
TMSA said in a press release that the new project further enhances the competitiveness of the auto industry cluster within the Tangier free zone, which has an area of 800 hectares and over 80 suppliers whose combined exports exceed 4 billion euros a year.
*Translated by Gabriel Pomerancblum