A memorandum of understanding relating to the creation of a new factory for the cutting, animation and production of textile and leather covers for car seats, was signed on Friday, December 23, 2022 in Casablanca, by the Minister of Industry and Trade. , Mr. Ryad Mezzour and the Chief Operating Officer of Faurecia in Morocco and Tunisia, Mr. Taoufik LAAMIRI.
This protocol with Faurecia, a Forvia group company, aims to invest more than 150 million dirhams in the launch of a new group unit in Morocco, in Salé, with a view to consolidating its position in the automotive ecosystem. This investment will enable the creation of 1,400 direct jobs by 2028.
This project is part of the implementation of the High Guidelines of His Majesty King Mohammed VI, May God Assist Him, to make productive investment an essential lever for job creation, the revival of the national economy and the acceleration of Morocco’s anchoring in promising sectors.
On this occasion, Mr. Mezzour declared: “With this new investment, the Moroccan automotive platform confirms its attractiveness and the trust it enjoys among ecosystem players. And to add that this new commitment from a world leader attests to the sustained investment momentum experienced by our platform and its great competitiveness. »
Faurecia, a Forvia group company, is a world leader in automotive technology. With 250 industrial sites, 39 R&D centers and 111,000 employees in 33 countries, Faurecia operates in four business areas: Seating, Interiors, Faurecia Electronics and Clean Mobility. In 2021, the Group generated €15.6 billion in revenue. Faurecia is listed on the Euronext Paris market and is part of the CAC Next 20 and Euronext CAC 40 ESG® indices.
Faurecia has been present in Morocco since 2008 through 3 production units: 2 factories in Kenitra and 1 factory in Salé with a total investment amount of 640 billion and a number of jobs of 4,000.