Nexteer Automotive Opens 27th Plant in Kenitra, Morocco

Image
Press Trust of India KENITRA
Last Updated : Jul 03 2019 | 12:20 PM IST

/ -- Last week, Nexteer Automotive hosted a ceremony with customers, employees and government officials - including Moroccan Minister of Industry, Investment, Trade and Digital Economy, Mr. Moulay Elalamy - to celebrate the grand opening of its first African plant in Kenitra, Morocco. This new facility will manufacture Electric Power Steering (EPS) systems for Group PSA, as well as Driveline systems for FCA, Groupe PSA and Renault-Nissan-Mitsubishi Alliance. The company expects to hire around 500 people at the Kenitra plant by 2020.

"Nexteer's new Morocco plant is another milestone in our ongoing plan for global footprint diversification and expansion in regions strategically important to our key customers," said Tao Liu, Global Chief Operating Officer, Nexteer Automotive. "As Nexteer's first plant in Africa, this facility will enable us to further support customer needs for our industry-leading motion control solutions across Africa and Europe."
Herve Boyer, President of Europe, Middle East, Africa & South America, Nexteer Automotive, said, "We received great support from the Moroccan authorities with this crucial investment. The pro-investment approach towards starting new businesses in this region is extremely valuable, and we want to express our great appreciation to the Moroccan government for enabling us to enter this great market in such a short lead time."
Moroccan Minister of Industry, Mr. Moulay Hafid Elalamy, said, "A leading manufacturer of steering and driveline systems has joined the worldwide leading automotive suppliers based in Morocco. With this new establishment, a new highly technological craft is being developed in the Kingdom and hence contributes to the integration of the value chain and the ascent of the Moroccan automotive industry."
Mr Elalamy added, "the attractiveness and competitiveness of the Moroccan automotive platform is reinforced by the completion of industrial projects conducted by renowned suppliers such as Nexteer."
ABOUT NEXTEER

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 03 2019 | 12:20 PM IST

Next Story