French Auto Parts Giant Faurecia to Invest $15 Million, Create 1,400 Jobs in Morocco
The French company Faurecia, specialized in the manufacture of automotive equipment, will strengthen its presence in Morocco, through the creation of a new plant in Salé. In this regard, a protocol of agreement has been signed between the group and the State.
The agreement signed by the Minister of Industry and Trade, Ryad Mezzour, and the General Manager of Faurecia’s operations in Morocco and Tunisia, Taoufik Laamiri, concerns an investment of more than 150 million dirhams (MDH). Faurecia plans to launch a new plant for cutting, animation and production of textile and leather headliners for car seats.
The objective is to consolidate the group’s position in the automotive ecosystem, indicates a joint press release, noting that this investment will create 1,400 direct jobs by 2028.
"This new commitment from a global leader attests to the sustained investment dynamic that our platform is experiencing and its great competitiveness," said Ryad Mezzour. Faurecia has been present in Morocco since 2008 through 3 production units (2 plants in Kenitra and 1 plant in Salé).
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