Valeo Expands Moroccan Auto Industry with $140 Million Tangier Plant, Creating 1,000 Jobs

Tanger Automotive City is taking shape. Indeed, a new industrial site has been born there. And the amount of its realization testifies to all the enthusiasm it arouses. Its initiator is none other than Valeo, the powerful French equipment manufacturer, present almost everywhere in the automotive sector on the planet, and who therefore intends to continue its forward march in its industrial project in Morocco.

It emerges from the statements of the president of Valeo during the inauguration of the Tangier site, that the French equipment manufacturer would aim for one billion euros in turnover in Morocco. The French boss Jacques Aschenbroich, for his part, hailed the quality of the local workforce and above all the responsiveness of the Moroccan authorities who are at the top of the "Benchmark" in this matter at the global level.

For Moulay Hafid Elalamy, Minister of Industry and Trade present at this inauguration, the introduction of new specialties of the French group is justified by "a turnover of 76 million euros and a local integration rate of 64% currently achieved in Morocco".

According to Challenge, about "1,000 direct jobs will be created by the end of 2019 thanks to this investment by the French group. These include operators, technicians, engineers and executives." It should be noted that the new Valeo industrial center, which covers a total area of 137,000 m2 of which currently more than 40,000 m2 of production space, has two buildings, the first of which has been operational since 2017, is dedicated to the production of lighting and wiping systems. A second center, which will be operational from mid-May 2019, will host "the production of thermal systems (radiators, ventilation systems, engine cooling systems...) and driving assistance systems," the newspaper reports.